FedEx Freight spin-off approved; record date May 15, distribution June 1 under FDXF

FedEx Freight Holding Company, Inc.

SEC declared effective FedEx Freight Form 10 on May 11, 2026; FedEx board approved spin-off on May 13.
FedEx stockholders to receive 1 share of FDXF for every 2 shares of FDX held on May 15 record date.
Distribution of 80.1% of FDXF shares on June 1; trading begins June 1 under symbol "FDXF" on NYSE.
FedEx retains 19.9% of FDXF; to dispose within 24 months via debt repayment or distributions.
FedEx Freight will pay $4.1B cash dividend to FedEx pre-separation, funded by $3.7B senior notes and term loan.

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