FedEx adjusts LTI plans for Spin-off and fiscal year change: actual performance through FY26, target thereafter

FEDEX CORP

Measure actual performance through end of FY26 (May 31, 2026) using original goals; target for remainder of plan periods.
FY25–FY27 LTI: payout based 67% actual (FY25-26) and 33% target (FY27).
FY26–FY28 LTI: payout based 33% actual (FY26) and 67% target (FY27-28).
Amendments effective for all participants including NEOs, triggered by planned FedEx Freight spin-off on June 1, 2026 and fiscal year change to Dec 31.
No changes to performance metrics or payout opportunities other than this adjustment.

item 5.02

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