FedEx Approves FY26 Executive Incentive Plan and Stock Award Changes at Annual Meeting
At its September 29, 2025 annual meeting, FedEx shareholders elected 13 directors, approved the advisory vote on executive pay with 63.3% of voted shares, and approved 2,100,000 additional shares for the Stock Incentive Plan. The board also approved an annual cash incentive plan for fiscal 2026 and one-time performance stock unit grants tied to fiscal 2028 operating margin improvement, which shareholders may watch for future pay costs.
Key points
- Say-on-pay proposal approved: 117,787,536 votes for (63.3% of voted shares) and 67,893,921 against (36.5%)
- Stockholder proposal for an independent board chairman was not approved: 42.5% for, 57.3% against
- CEO Rajesh Subramaniam has a fiscal 2026 target payout of 200% of base salary and a PSU target value of $2,787,500
- Fiscal 2026 incentive plan weights adjusted consolidated operating income at 50%, structural cost reduction at 25% and on-time service at 25%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.