FedEx Executive Compensation (FY26)

Name: FedEx (FDX) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

FDX · Memphis, TN · Executive and director compensation, fiscal 2022 to 2026

Chief executive, fiscal 2026

◇

Rajesh Subramaniam

Median of the other named officers

$9,826,275

5 officers, excluding the chief executive

Latest say-on-pay support

September 29, 2025

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Data as of November 4, 2026Latest filing (DEF 14A): August 17, 2026

17 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

FedEx brief$500Get the executive brief

Velarion Intel, one year, every company

399 figures on this page: 389 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

What changed from fiscal 2025 to fiscal 2026

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive total compensation — Rajesh Subramaniam: $12,873,691 → $27,554,018 (114.0% higher)

Frequently asked questions

Answers drawn from the data on this page.

Who is FedEx's chief executive and what were they paid?

Rajesh Subramaniam was paid $27,554,018 in total compensation as President and Chief Executive Officer (Principal Executive Officer) for fiscal 2026. Subramaniam's total moved 114.0% higher from the $12,873,691 reported for fiscal 2025.

What was FedEx's say-on-pay result?

The say-on-pay proposal drew 63.3% of votes cast including abstentions in favor at the meeting held September 29, 2025 for fiscal 2025.

Which companies are in FedEx's peer group?

The disclosed peer group includes AbbVie Inc, Accenture plc, Ahold Delhaize, Airbus Group (EADS) and Albertsons Companies, Inc./Safeway Inc, among others. Companies named in the COMPANIES IN DIRECTOR COMPENSATION COMPARISON SURVEY GROUP include Albertsons Companies, Inc., Archer-Daniels-Midland Company, Caterpillar Inc., Delta Air Lines, Inc. and HCA Healthcare, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
John Smith President and Chief Executive Officer, FedEx Freight	◇	—	—	◇	◇	—	◇	◇
Frederick Smith Executive Chairman	◇	—	—	◇	◇	—	◇	◇
Rajesh Subramaniam President and Chief Executive Officer	◇	—	◇	◇	◇	◇	◇	◇
Donald Colleran President and Chief Executive Officer, FedEx Express	◇	—	◇	◇	◇	—	◇	◇
Michael Lenz Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	◇	◇	◇
Robert Carter Executive Vice President and Chief Information Officer	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Rajesh Subramaniam President and Chief Executive Officer (Principal Executive Officer)	◇	◇	◇	◇	◇	◇	◇	◇
Frederick Smith Executive Chairman and Chairman of the Board	◇	—	—	—	◇	—	◇	◇
Michael Lenz Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	◇	◇	◇
Robert Carter Executive Vice President, FedEx Information Services and Chief Information Officer	◇	—	◇	◇	◇	—	◇	◇
Mark Allen Executive Vice President, General Counsel and Secretary	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Rajesh Subramaniam President and Chief Executive Officer (Principal Executive Officer)	◇	—	◇	◇	◇	◇	◇	◇
Michael Lenz Former EVP and Chief Financial Officer Departed during or after this year	◇	—	◇	◇	◇	◇	◇	◇
Sriram Krishnasamy Former Executive Vice President, Chief Digital and Information Officer and Chief Transformation Officer	◇	◇	◇	◇	◇	◇	◇	◇
Mark Allen Executive Vice President, General Counsel and Secretary	◇	—	◇	◇	◇	—	◇	◇
John Dietrich Former Executive Vice President and Chief Financial Officer (Former Principal Financial Officer)	◇	◇	◇	◇	◇	—	◇	◇
Robert Carter EVP, FedEx Information Services and CIO Departed during or after this year	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Rajesh Subramaniam President and Chief Executive Officer (Principal Executive Officer)	◇	—	◇	◇	◇	◇	◇	◇
Sriram Krishnasamy Former Executive Vice President, Chief Digital and Information Officer and Chief Transformation Officer	◇	◇	◇	◇	◇	◇	◇	◇
John Dietrich Former Executive Vice President and Chief Financial Officer (Former Principal Financial Officer)	◇	◇	◇	◇	◇	◇	◇	◇
John Smith Chief Operating Officer — United States and Canada, Federal Express	◇	—	◇	◇	◇	◇	◇	◇
Brie A. Carere Executive Vice President Chief Customer Officer	◇	—	◇	◇	◇	◇	◇	◇

Fiscal 2026

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Rajesh Subramaniam President and Chief Executive Officer (Principal Executive Officer)	◇	◇	◇	◇	◇	◇	◇	◇
Sriram Krishnasamy Former Executive Vice President, Chief Digital and Information Officer and Chief Transformation Officer Departed during or after this year	◇	—	◇	◇	—	◇	◇	◇
Vishal Talwar Executive Vice President, Chief Digital and Information Officer and President, Dataworks	◇	◇	◇	◇	◇	—	◇	◇
John Dietrich Former Executive Vice President and Chief Financial Officer (Former Principal Financial Officer) Departed during or after this year	◇	—	◇	◇	◇	◇	◇	◇
Brie Carere Executive Vice President — Chief Customer Officer	◇	◇	◇	◇	◇	◇	◇	◇
Tracy Brightman Executive Vice President — Chief People Officer	◇	◇	◇	◇	◇	◇	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2026

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Brie Carere	OPTION	◇	—	—	◇	—	◇	◇
Brie Carere	RSU	◇	—	—	◇	—	—	◇
Brie Carere	PSU	◇	—	—	—	—	—	◇
John Dietrich	PSU	◇	—	—	—	—	—	◇
John Dietrich	OPTION	◇	—	—	◇	—	◇	◇
John Dietrich	RSU	◇	—	—	◇	—	—	◇
Rajesh Subramaniam	PSU	◇	—	—	—	—	—	◇
Rajesh Subramaniam	OPTION	◇	—	—	◇	—	◇	◇
Rajesh Subramaniam	RSU	◇	—	—	◇	—	—	◇
Sriram Krishnasamy	OPTION	◇	—	—	◇	—	◇	◇
Sriram Krishnasamy	RSU	◇	—	—	◇	—	—	◇
Tracy Brightman	PSU	◇	—	—	—	—	—	◇
Tracy Brightman	RSU	◇	—	—	◇	—	—	◇
Tracy Brightman	OPTION	◇	—	—	◇	—	◇	◇
Vishal Talwar	PSU	◇	—	—	—	—	—	◇
Vishal Talwar	OPTION	◇	—	—	◇	—	◇	◇
Vishal Talwar	RSU	◇	—	—	◇	—	—	◇
Vishal Talwar	RSU	◇	—	—	◇	—	—	◇

Fiscal 2022, 2023, 2024, 2025 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2026 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Rajesh Subramaniam	Option	◇	—	◇	06/26/2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	06/27/2034
	Option	◇	—	◇	06/22/2033
	Option	◇	—	◇	06/30/2032
	PSU	◇	◇	—	—
John Dietrich	Option	◇	—	◇	06/26/2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	06/27/2034
	Option	◇	—	◇	07/19/2033
	PSU	◇	◇	—	—
Tracy Brightman	Option	◇	—	◇	06/26/2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	06/27/2034
	Option	◇	—	◇	06/22/2033
	PSU	◇	◇	—	—
	Option	◇	—	◇	06/30/2032
Brie Carere	Option	◇	—	◇	06/26/2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	06/27/2034
	Option	◇	—	◇	06/22/2033
	PSU	◇	◇	—	—
	Option	◇	—	◇	06/30/2032
Vishal Talwar	Option	◇	—	◇	09/22/2035
	RSU	◇	◇	—	—
	PSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Brie Carere

Chief Commercial Officer · Terms as announced by the company

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

John Dietrich

Former Executive Vice President and Chief Financial Officer (Former Principal Financial Officer) · Terms as described in the company’s compensation discussion

Severance multiple	◇
Change-in-control multiple	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Rajesh Subramaniam

President and Chief Executive Officer (Principal Executive Officer) · Terms as announced by the company

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Excise tax treatment	◇

Sriram Krishnasamy

Former Executive Vice President, Chief Digital and Information Officer and Chief Transformation Officer

Severance multiple	◇
Severance cash amount	◇
Change-in-control multiple	◇
Change-in-control trigger	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
R. Brad Martin	◇	◇	—	—	—	—	◇
Paul S. Walsh	◇	◇	—	—	—	◇	◇
Nancy A. Norton	◇	◇	—	—	—	—	◇
Marvin R. Ellison	◇	◇	—	—	—	—	◇
Amy B. Lane	◇	◇	—	—	—	—	◇
Joshua Cooper Ramo	◇	◇	—	—	—	—	◇
Frederick P. Perpall	◇	◇	—	—	—	—	◇
Susan C. Schwab	◇	◇	—	—	—	—	◇
Susan Patricia Griffith Board chair	◇	◇	—	—	—	—	◇
Stephen E. Gorman	◇	◇	—	—	—	—	◇
Silvia Davila	◇	◇	—	—	—	—	◇

Richard W. Smith and Rajesh Subramaniam served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Lead independent director premium	◇
Audit committee chair	◇
Compensation committee chair	◇

Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2026

AbbVie Inc ABBV
Accenture plc ACN
Ahold Delhaize symbol not shown
Airbus Group (EADS) symbol not shown
Albertsons Companies, Inc./Safeway Inc symbol not shown
American Airlines Group Inc. AAL
AstraZeneca PLC AZN
AT&T Inc. T
Bayer AG BAYN
Best Buy Co., Inc. BBY
Bristol-Myers Squibb Co. BMY
Bunge Ltd. BG
Charter Communications, Inc. CHTR
Cisco Systems, Inc. CSCO
Comcast Cable Corporation CMCSA
ConocoPhillips COP
Deere & Co. DE
Dell Inc. DELL
Deutsche Post AG symbol not shown
Dow Chemical Company DOW
Elevance Health, Inc. ELV
Energy Transfer LP ET
Equans symbol not shown
Equinor symbol not shown
Ernst & Young L.P symbol not shown
Ford Motor Company F
GE symbol not shown
GE Aerospace symbol not shown
General Dynamics GD
General Motors Company GM
HP Inc. HPQ
Intel Corporation INTC
LyondellBasell Industries N.V. LYB
Marathon Petroleum Corporation MPC
Mars Incorporated symbol not shown
Meta Platforms, Inc. META
NIKE, Inc. NKE
Novartis AG NVS
Nvidia NVDA
Oracle Corporation ORCL
Performance Food Group Company PFGC
Phillips 66 PSX
Plains All American Pipeline LP PAA
Rio Tinto PLC RIO
Sanofi SA SNY
Siemens Corporation symbol not shown
Sony Electronics Inc. SONY
T-Mobile US, Inc. TMUS
TD Synnex Corporation SNX
The Coca-Cola Company KO
The Home Depot, Inc. HD
The Kroger Co. KR
The TJX Companies, Inc. TJX
Thermo Fisher Scientific Inc. TMO
Tyson Foods, Inc. TSN
Unilever United States, Inc. UL
United Airlines Holdings, Inc. UAL
Valero Energy Corporation VLO
Volvo Group North America VOLV
Walgreens Boots Alliance WBA
Warner Bros. Discovery WBD

COMPANIES IN DIRECTOR COMPENSATION COMPARISON SURVEY GROUP

Albertsons Companies, Inc. ACI
Archer-Daniels-Midland Company ADM
Caterpillar Inc. CAT
Delta Air Lines, Inc. DAL
HCA Healthcare, Inc. HCA
International Business Machines Corporation IBM
Johnson & Johnson JNJ
Lockheed Martin Corporation LMT
Lowe's Companies, Inc. LOW
Merck & Co., Inc. MRK
MetLife, Inc. MET
PepsiCo, Inc PEP
Pfizer Inc PFE
RTX Corporation RTX
Sysco Corporation SYY
Target Corporation TGT
The Boeing Company BA
The Procter & Gamble Company PG
The Walt Disney Company DIS
United Parcel Service, Inc. UPS

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	September 29, 2025	=	◇	◇	◇
2024	September 23, 2024	=	◇	◇	◇
2023	September 21, 2023	=	◇	◇	◇
2022	September 19, 2022	=	◇	◇	◇
2021	September 27, 2021	=	◇	◇	◇
2020	September 21, 2020	=	◇	◇	◇
2019	September 23, 2019	=	◇	◇	◇
2018	September 24, 2018	=	◇	◇	◇
2017	September 25, 2017	=	◇	◇	◇
2016	September 26, 2016	=	◇	◇	◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”

- Rajesh Subramaniam (President and Chief Executive Officer (Principal Executive Officer)), FY2026 total compensation $27,554,018 (base salary $1,550,000) [exec_comp, SEC accession 0001104659-26-097836, filed 2026-08-17]

See a complete sample report

What this page does not include

Everything above is a fact FedEx disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where FedEx sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $500

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Say-on-pay responsiveness

FedEx recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.

Responsiveness analysis

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

Inquire about access

Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

399 figures on this page: 389 cited to the filing that reported them, 10 calculated from figures it prints.

389 cited to the filing

10 calculated from the filing

Documents cited

DEF 14A, filed August 17, 2026
0001104659-26-097836
Appendix A – Companies in Director Compensation Comparison Survey Group · Grants of Plan-Based Awards During Fiscal 2026 · Outstanding Equity Awards at End of Fiscal 2026 · Summary Compensation Table
Filing, filed August 17, 2026
Filing, filed July 24, 2026
8-K, filed October 2, 2025
0001193125-25-228346
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed August 18, 2025
0001104659-25-079800
Appendix A – Companies in Director Compensation Comparison Survey Group · Compensation Discussion and Analysis · Summary Compensation Table
8-K, filed September 24, 2024
0001193125-24-224857
DEF 14A, filed August 12, 2024
0001308179-24-000696
Summary Compensation Table
8-K, filed September 22, 2023
0001193125-23-240637
DEF 14A, filed August 10, 2023
0001308179-23-000961
Summary Compensation Table
8-K, filed September 21, 2022
0001193125-22-248405
DEF 14A, filed August 8, 2022
0001206774-22-002023
Summary Compensation Table
8-K, filed September 28, 2021
0001193125-21-285635
8-K, filed September 22, 2020
0001193125-20-251422
8-K, filed September 23, 2019
0001193125-19-252198
8-K, filed September 24, 2018
0001193125-18-281202
8-K, filed September 25, 2017
0001193125-17-293108
8-K, filed September 26, 2016
0001193125-16-720035

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17 filings cited on this page

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APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}

FedEx Executive Compensation (FY26)

The FedEx brief, $500

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

What this page does not include

Citations

Documents cited

The FedEx brief, $500

Peers FedEx discloses

Terms on this page