FedEx Corporation

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 26, 2026, FedEx Corporation (“FedEx” or “the Company”) announced the appointment of Jamere Jackson as Executive Vice President and Chief Financial Officer of FedEx, effective November 30, 2026. Mr. Jackson succeeds Claude F. Russ, who has served as the Company’s Interim Chief Financial Officer since June 1, 2026. Mr. Jackson, 57, has served as Chief Financial Officer of AutoZone, Inc. (“AutoZone”), a leading retailer and distributor of automotive replacement parts and accessories in the Americas, since January 1, 2021 and was Executive Vice President and Chief Financial Officer - Elect, Finance and Store Development of AutoZone from September 14, 2020 to December 31, 2020. Prior to AutoZone, he served as Executive Vice President and Chief Financial Officer of Hertz Global Holdings, Inc., a global rental company, from 2018 to 2020. From 2014 to 2018, Mr. Jackson served as Chief Financial Officer of Nielsen Holdings plc, an information, data and measurement company. Prior to 2014, Mr. Jackson held a variety of leadership roles at General Electric Company, including Vice President and Chief Financial Officer of a division of General Electric Oil and Gas. Mr. Jackson serves on the Board of Directors of Eli Lilly & Co. There are no transactions since the beginning of the Company’s last fiscal year in which the Company is a participant and in which Mr. Jackson or any members of his immediate family have any interest that are required to be reported under Item 404(a) of Regulation S-K. No family relationships exist between Mr. Jackson and any of the Company’s directors or executive officers. The appointment of Mr. Jackson was not pursuant to any arrangement or understanding between him and any person, other than a director or executive officer of FedEx acting in his or her official capacity. Mr. Jackson’s annual base salary will be $1,000,000. In connection with his appointment, Mr. Jackson will receive a signing bonus of $2,000,000, payable in two installments (November 2026 and November 2027), subject to repayment on a prorated basis if he resigns his employment prior to the anniversary of his start date. He will participate in FedEx’s transition year 2026 (“TY26”) annual incentive compensation (“AIC”) plan, with a target payout opportunity equal to 120% of his eligible earnings paid during TY26. He also will be eligible for prorated participation in FedEx’s FY25 - FY27 and FY26 - FY28 long-term incentive plans (“LTI Plans”). Mr. Jackson will receive a TY26 restricted stock unit (“RSU”) award having a grant date fair value equal to $766,000 and a TY26 stock option award having a Black-Scholes grant date fair value equal to $191,500. The RSUs and stock options will vest ratably over three years. He will also receive a one-time special RSU award having a grant date fair value equal to $5,000,000, vesting ratably over three years, which is intended to compensate Mr. Jackson for the forfeiture of his outstanding AutoZone equity awards. Mr. Jackson will participate in all employee benefit programs and receive the same perquisites provided to the Company’s other executive officers at his level, including participation in the FedEx Corporation Executive Severance Plan. Additional details regarding the Company’s AIC plan, LTI Plans, the Executive Severance Plan, and other elements of executive compensation are described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on August 17, 2026. SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.