Corporate GovernanceJun 26, 2026, 04:17 PM
FedEx Freight Approves New Executive Compensation Plans & Spin-Off Bonuses
AI Summary
FedEx Freight Holding Company, Inc. approved new executive compensation plans and spin-off-related bonuses. The Human Resources and Compensation Committee approved the TY26 Annual Incentive Compensation Plan based on adjusted operating income and the TY26–CY28 Long-Term Incentive Program, comprising PSUs and RSUs, tied to adjusted free cash flow and EPS. Additionally, cash and RSU bonuses were granted to executives for the successful spin-off, including a $585,000 cash bonus for CFO Marshall W. Witt.
Key Highlights
- TY26 Annual Incentive Compensation Plan approved for June 1 - Dec 31, 2026.
- CEO John A. Smith's TY26 AIC target payout is 175% of prorated annual base salary.
- TY26–CY28 Long-Term Incentive Program approved, comprising PSUs (75%) and RSUs (25%).
- CEO John A. Smith's TY26–CY28 LTIP target payout is 450% of annual base salary.
- Other executives' TY26 AIC target payout is 100% of prorated annual base salary.
- Other executives' TY26–CY28 LTIP target payout is 200% of annual base salary.
- Cash bonuses of $100,000 each for five executives for the successful spin-off.
- Spin-off RSU grants: $1,000,000 for CEO Smith, $500,000 for Rodgers, $250,000 for others.
- CFO Marshall W. Witt received a $585,000 cash bonus related to his offer letter.
Price Impact
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