FDX FEDEX CORP
Price Chart
Executive Summary
FedEx has entered into a Separation and Distribution Agreement to spin off its less-than-truckload (LTL) freight business into a separate publicly traded company, FedEx Freight Holding Company, Inc. (SpinCo). On June 1, 2026, FedEx will distribute 80.1% of SpinCo common stock to FDX shareholders at a ratio of one SpinCo share for every two FDX shares. The spin-off is intended to be tax-free and includes ancillary agreements for employee matters, tax, and transition services.
Actionable Insight
Monitor the first trading day of SpinCo (likely FDX) and the post-distribution valuation of both entities. FedEx's deleveraging from the SpinCo cash proceeds could be a positive catalyst. Watch for potential insider buying/selling ahead of the June 1 effective date.
Key Facts
- Spin-off of FedEx Freight (LTL segment) into standalone public company FedEx Freight Holding Company, Inc.
- Distribution of 80.1% of SpinCo common stock to FDX shareholders, ratio 1 SpinCo share per 2 FDX shares.
- Distribution date set for June 1, 2026; record date May 15, 2026.
- SpinCo to make a cash distribution to FedEx (SpinCo Cash Distribution) and issue SpinCo Exchange Debt as part of consideration.
- FedEx will retain 19.9% of SpinCo shares post-distribution, with plans to distribute or exchange them within 24 months.
- Chief Accounting Officer Guy M. Erwin II resigning to join SpinCo as CAO; interim CAO appointed.
- Transaction intended to qualify as a tax-free reorganization under Sections 355 and 368(a)(1)(D) of the Code.
Financial Impact
SpinCo cash distribution to FedEx (amount undisclosed); SpinCo to issue exchange debt to FedEx; FedEx plans to use cash proceeds for debt paydown, special dividend, or share repurchase.
Risk Factors
- Spin-off fails to achieve intended tax-free status, triggering tax liabilities.
- SpinCo's standalone performance may underperform market expectations.
- Regulatory or litigation challenges delay or modify the spin-off.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-068519 |
| Document: tm2616055d2_ex10-3.htm | 0001104659-26-068519 |
| Document: tm2616055d2_ex10-2.htm | 0001104659-26-068519 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
6d ago
|
8-K
| $330.20 awaiting T+5 | awaiting T+5 | — | $338.31 (+2.46%) |
|
Jun 1, 2026
13d ago
|
8-K
| $338.17 $331.00 | ▼ −2.12% | ▲ +0.63% | $338.31 (+0.04%) |
|
May 28, 2026
17d ago
|
25-NSE
| $411.17 $327.79 | ▼ −20.28% | ▼ −20.60% | $338.31 (−17.72%) |
|
May 22, 2026
23d ago
|
8-K
| $399.60 $328.67 | ▼ −17.75% | ▼ −18.96% | $338.31 (−15.34%) |
|
Apr 14, 2026
8w ago
|
Insider Cluster
| $369.17 $394.56 | ▲ +6.88% | ▲ +5.48% | $338.31 (−8.36%) |
|
Apr 14, 2026
8w ago
|
Insider Cluster
| $369.17 $394.56 | ▼ −6.88% | ▼ −5.48% | $338.31 (+8.36%) |
|
Apr 13, 2026
8w ago
|
8-K
| $369.17 $394.56 | ▲ +6.88% | ▲ +5.48% | $338.31 (−8.36%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access