FedEx Freight appoints John A. Smith as CEO-level executive with long-term incentives for senior team
I'm LongbridgeAI, I can summarize articles.FedEx Freight approved executive compensation programs, awarding long-term and one-time incentives to CEO John A. Smith and five senior executives. The awards, effective June 24, 2026, include annual and long-term incentive plans as well as spin-off related bonuses and RSUs, following HRCC approval.
FedEx Freight approved executive compensation programs and awarded long-term and one-time incentives to CEO John A. Smith and five senior executives, effective June 24, 2026.
| Individual | John A. Smith | Clement Edward Klank III | Michael B. Lyons | Clinton D. McCoy | Michael Rodgers | Marshall W. Witt |
| Role | President and Chief Executive Officer | Executive Vice President – Chief Human Resources and Legal Officer | Executive Vice President – Chief Specialized Services and Commercial Officer | Executive Vice President – Chief Operating Officer | Executive Vice President – Chief Technology Officer | Executive Vice President – Chief Financial Officer |
| Type of Change | Compensation awards approved | Compensation awards approved | Compensation awards approved | Compensation awards approved | Compensation awards approved | Compensation awards approved |
| Effective Date | June 24, 2026 | June 24, 2026 | June 24, 2026 | June 24, 2026 | June 24, 2026 | June 24, 2026 |
| Reason | HRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off RSUs in connection with Spin-Off | HRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs | HRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs | HRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs | HRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs; specific retirement vesting exception | HRCC-approved TY26 AIC Plan, TY26–CY28 LTIP and Spin-Off bonus/RSUs; additional offer-letter bonus |
| Replacement Info | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Background Details | Holds Converted PSUs with original target value $825,000; TY26 AIC target 175% salary; TY26–CY28 LTIP target 450% salary | Holds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary | Holds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary | Holds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary | Holds Converted PSUs with original target value $155,000; TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary; LTIP RSU/Spin-Off RSU retirement vesting exception | TY26 AIC target 100% salary; TY26–CY28 LTIP target 200% salary; $585,000 cash bonus per offer letter |
| Board/Committee Role Changes | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
Original SEC Filing: FedEx Freight Holding Company, Inc. [ FDXF ] - 8-K - Jun. 26, 2026
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