Frederick P. Perpall
Director at FDX
Board
About Frederick P. Perpall
Independent director since 2021 (age 50); Chief Executive Officer of The Beck Group since 2013, leading domestic and international design, planning, and construction operations. Education and credentials include bachelor’s and master’s degrees from the University of Texas at Arlington, American Institute of Architects College of Fellows, Harvard Business School Advanced Management Program alumnus, and former Americas Fellow at Rice University’s Baker Institute; currently serves as President of the USGA Executive Committee and on The Carter Center’s Board of Councilors .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| The Beck Group | Chief Executive Officer | 2013–Present | Leads integrated design-build across domestic and international markets; risk oversight in safety and compliance-intensive sector . |
| Baker Institute at Rice University | Americas Fellow | Prior (dates not disclosed) | Policy and international engagement experience . |
| Triumph Bancorp, Inc. | Director | Prior (dates not disclosed) | Public company board experience; audit/investment committee background . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Starwood Property Trust, Inc. | Director | Current | Public company directorship . |
| United States Golf Association | President, Executive Committee | Current | Governance leadership at national sports governing body . |
| The Carter Center | Board of Councilors | Current | Non-profit governance experience . |
| American Institute of Architects | College of Fellows | Current | Professional recognition . |
| Harvard Business School | Advanced Management Program (alumnus) | Prior | Executive education . |
Board Governance
- Independence: Determined independent under NYSE and FedEx’s stricter standards; all members of Audit & Finance and Compensation & HR Committees are independent .
- Committees (current as of proxy): Audit & Finance; Governance, Safety, and Public Policy (GSPP) .
- Committees (post-annual meeting plan): Audit & Finance (members: Ellison—Chair, Lane, Perpall, Ramo); GSPP (members: Griffith—Chair, Davila, Gorman, Perpall) .
- Meeting cadence and attendance: FY25—Board held 6 regular and 3 special meetings; Audit & Finance met 11 times; GSPP met 6 times; average director attendance 96%; each director attended at least 75% of aggregate Board and committee meetings during service periods .
- Governance practices: Majority voting with resignation policy; annual elections; robust committee risk oversight; independent executive sessions; proxy access; stockholder right to call special meetings .
Fixed Compensation
| Component | FY25 Amount | Notes |
|---|---|---|
| Annual cash retainer | $140,378 | Standard annual retainer of $140,000; minor adjustments reflect fractional share cash or timing . |
| Committee chair fees | $0 | Not a chair; chair fees are $30,000 (Audit), $25,000 (Comp & HR), $20,000 (Cyber/Tech), $20,000 (GSPP) . |
| Stock retainer election (in lieu of cash) | $0 | Did not elect shares for retainer; eligible to take all cash, all shares, or 50/50 . |
| Other compensation | $0 | No perquisites >$10,000 disclosed . |
Performance Compensation
| Grant Date | RSUs (#) | Grant Date Fair Value ($) | Vesting | Dividend Equivalents | Performance Metrics |
|---|---|---|---|---|---|
| Sep 23, 2024 | 755 | $194,877 | Fully vests one year after grant (or at next annual meeting) | Accrues; reinvested as additional RSUs | None (time-based RSUs for directors; no EPS/TSR) . |
- Directors previously received stock options; current program is RSU-based with time-based vesting. Maximum aggregate director compensation per fiscal year (cash and awards at grant-date fair value) capped at $1,000,000 under the 2019 Omnibus Plan .
Other Directorships & Interlocks
| Company | Relationship to FedEx | Interlock/Transaction Disclosed |
|---|---|---|
| Starwood Property Trust, Inc. | Ordinary-course relationships not disclosed | No related person transactions or ordinary-course business relationships disclosed involving Perpall . |
| The Beck Group | Supplier/customer status not disclosed | No related person transactions disclosed involving Perpall or Beck Group . |
Expertise & Qualifications
- Risk management: Extensive oversight in safety and compliance from design-build leadership .
- Financial: Public company audit/investment committee experience; HBS AMP .
- Leadership: 12 years as CEO of The Beck Group .
Equity Ownership
| Holder | Common Shares | RSUs | Options | Percent of Class |
|---|---|---|---|---|
| Frederick P. Perpall | 2,203 | 767 | 6,719 | <1% |
Additional detail:
- Outstanding RSUs: 763 (rounded; includes dividend equivalents) .
- Hedging/pledging: Prohibited for directors; exceptions to pledging require case-by-case approval and demonstration of capacity to repay without resort to pledged securities .
- Ownership guidelines: Directors must own shares valued at 5x annual retainer within five years of joining the Board; as of Aug 4, 2025, each director either meets the goal or is within the five-year period to comply .
Insider Trades (Form 4)
| Date | Transaction | Shares | Price | Vesting/Notes | Source |
|---|---|---|---|---|---|
| Sep 29, 2025 | RSU grant (director) | Not stated in snippet | $0 | RSUs vest at next annual meeting | |
| Sep 23, 2025 | RSU grant (director) | Not stated in snippet | $0 | RSUs vest at next annual meeting | |
| Sep 29, 2025 | Stock grant (common via RSUs) | 823 | $0 | Director grant; standard RSU program | |
| Oct 1, 2025 | Form 4 filing date | — | — | Administrative filing date |
- Notes: RSU grants for outside directors are time-vested; no hedging/pledging permitted per company policy .
Governance Assessment
- Board effectiveness and engagement: Independent director with dual committee service (Audit & Finance; GSPP), participating in risk, governance, safety, and public policy oversight; strong aggregate attendance and high committee activity suggest robust engagement (Audit & Finance: 11 meetings; GSPP: 6 meetings; Board average attendance 96%; all directors ≥75%) .
- Alignment: Director compensation mix leans toward equity via annual RSU grants with one-year vesting; ownership guidelines (5x retainer) and anti-hedging/pledging policies reinforce alignment with stockholders .
- Independence and conflicts: Affirmed independent; no related-party transactions disclosed involving Perpall; no pledging or hedging disclosed; outside board service policy compliance across Board members .
- Compensation structure quality: Cash retainer ($140k) plus RSUs ($195k target value); no meeting fees; chair premiums only if chairing; director compensation benchmarked to Fortune 100 peers and nearby-ranked cohort; capped at $1,000,000 per year under plan—appropriate guardrails against excess .
- Signals: 2024 say-on-pay approval at 90.6% indicates supportive investor sentiment toward compensation governance; while director grants are time-based (not performance-linked), FedEx’s broader pay-for-performance framework (for officers) is clear, supporting overall governance confidence .
RED FLAGS: None disclosed for Perpall regarding attendance shortfalls, related-party transactions, hedging/pledging, or unusual pay practices .