FedEx Freight HRCC approves TY26 cash incentive plan, LTIP, and spin-off bonuses for executives

FedEx Freight Holding Company, Inc.

TY26 AIC Plan uses adjusted consolidated operating income; max payout 200% of target; no payout below threshold.
CEO John A. Smith target payout 175% of prorated base salary; other named execs 100% each.
TY26-CY28 LTIP: PSUs (75% of target) based on adjusted free cash flow and EPS; RSUs (25%) vest over three tranches.
Spin-off bonuses: $100K cash to five execs; RSUs of $1M to Smith, $500K to Rodgers, $250K to four others, vesting May 15, 2027.
New Equity-Based Retirement Policy: age+service >=70, min age 55, 10 years service for prorated vesting of LTIP awards.

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