FedEx’s board has raised the annual equity award for outside directors by $20,000, lifting it to $215,000 from the prior level of $195,000. The annual cash retainer stays at $140,000, and there is no change in the extra fees paid for leadership roles.
The current pay structure gives the lead independent director an additional $50,000 a year. Committee chairs receive $30,000 for Audit and Finance and $25,000 each for Compensation and Human Resources, Cyber and Technology Oversight, and Governance, Safety and Public Policy.
Outside directors can still choose how to take the $140,000 retainer: all cash, all FedEx stock, or a 50-50 mix of cash and stock. The equity grant is delivered as restricted stock units that vest at the next annual stockholders’ meeting.
For the transition period from June 1, 2026 through December 31, 2026, all of those amounts will be prorated because of FedEx’s fiscal-year change. That includes the retainer, the equity grant, and the lead director and committee chair fees.
The compensation committee said it used two comparison groups in 2026: 21 companies closely ranked with FedEx on the Fortune 100 across industries, and the full Fortune 100 excluding FedEx. Today the company's shares have moved 1.33% to a price of $289.65. For more information, read the company's full 8-K submission here.
