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Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

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Ferguson Enterprises Inc. (FERG) reported transactions by Persons Discharging Managerial Responsibilities (PDMRs) in the company's common stock. On October 14, 2024, conditional shares granted under the LTIP, OSP, and POSP in October 2021 automatically vested. Nine PDMRs sold shares on the same day. On October 15, 2024, the company granted Performance Awards, Restricted Stock Unit Awards, and Non-Qualified Stock Option Awards under the 2023 Omnibus Equity Incentive Plan. The press release details transactions for several executives, including CEO Kevin Murphy, CFO William Brundage, and other senior leaders, specifying the number of shares vested, sold, and granted under various plans.

Ferguson Enterprises Inc. (FERG) ha riportato transazioni da parte di Persone che Svolgono Funzioni Manageriali (PDMR) sulle azioni ordinarie della società. Il 14 ottobre 2024, le azioni condizionali concesse sotto l'LTIP, l'OSP e il POSP nell'ottobre 2021 si sono automaticamente riscattate. Nove PDMR hanno venduto azioni lo stesso giorno. Il 15 ottobre 2024, la società ha concesso Premi di Performance, Premi per Azioni Vincolate e Premi per Opzioni su Azioni Non Qualificate sotto il Piano di Incentivi Azionari Omnibus 2023. Il comunicato stampa dettaglia le transazioni di diversi dirigenti, inclusi il CEO Kevin Murphy, il CFO William Brundage e altri leader senior, specificando il numero di azioni maturate, vendute e concesse sotto vari piani.

Ferguson Enterprises Inc. (FERG) informó sobre transacciones realizadas por Personas que Desempeñan Funciones Gerenciales (PDMR) en las acciones ordinarias de la empresa. El 14 de octubre de 2024, las acciones condicionadas otorgadas bajo el LTIP, OSP y POSP en octubre de 2021 adquirieron automáticamente derecho. Nueve PDMR vendieron acciones el mismo día. El 15 de octubre de 2024, la empresa otorgó Premios por Desempeño, Premios de Unidades de Acciones Restringidas y Premios de Opciones de Acción No Calificadas bajo el Plan de Incentivo de Capital Omnibus 2023. El comunicado de prensa detalla las transacciones de varios ejecutivos, incluyendo al CEO Kevin Murphy, al CFO William Brundage y otros líderes senior, especificando el número de acciones adquiridas, vendidas y otorgadas bajo varios planes.

퍼거슨 엔터프라이즈 Inc. (FERG)는 회사의 보통주에 대한 관리 책임을 다하는 개인(PDMR)의 거래를 보고했습니다. 2024년 10월 14일, 2021년 10월에 LTIP, OSP 및 POSP에 따라 부여된 조건부 주식이 자동으로 발생했습니다. 같은 날 아홉 명의 PDMR이 주식을 매각했습니다. 2024년 10월 15일, 회사는 2023년도 전반적인 지분 유인 계획에 따라 성과 상금, 제한 주식 단위 상금 및 비자격 주식 옵션 상금을 부여했습니다. 보도자료에는 CEO 케빈 머피, CFO 윌리엄 브런데지 및 기타 고위 리더를 포함한 여러 임원의 거래가 상세히 설명되어 있으며, 다양한 계획에 따라 발생한, 매각된 및 부여된 주식의 수량을 명시하고 있습니다.

Ferguson Enterprises Inc. (FERG) a rapporté des transactions effectuées par des personnes exerçant des responsabilités managériales (PDMR) sur les actions ordinaires de l'entreprise. Le 14 octobre 2024, des actions conditionnelles accordées dans le cadre de l'LTIP, de l'OSP et du POSP en octobre 2021 ont été automatiquement acquises. Neuf PDMR ont vendu des actions le même jour. Le 15 octobre 2024, l'entreprise a accordé des primes de performance, des primes d'unités d'actions restreintes et des primes d'options sur actions non qualifiées dans le cadre du Plan d'Incentive Équity Omnibus 2023. Le communiqué de presse détaille les transactions de plusieurs dirigeants, dont le PDG Kevin Murphy, le CFO William Brundage et d'autres cadres supérieurs, en spécifiant le nombre d'actions acquises, vendues et accordées dans le cadre de divers plans.

Ferguson Enterprises Inc. (FERG) berichtete über Transaktionen von Personen mit Führungsverantwortung (PDMR) im Aktienkapital des Unternehmens. Am 14. Oktober 2024 wurden die im Oktober 2021 unter dem LTIP, OSP und POSP gewährten bedingten Aktien automatisch fällig. Neun PDMR verkauften am selben Tag Aktien. Am 15. Oktober 2024 vergab das Unternehmen Leistungsprämien, Restricted Stock Unit Awards und nicht qualifizierte Aktienoptionspreise im Rahmen des Omnibus-Equity-Anreizplans 2023. Die Pressemitteilung enthält Einzelheiten zu Transaktionen mehrerer Führungskräfte, darunter CEO Kevin Murphy, CFO William Brundage und andere leitende Angestellte, und spezifiziert die Anzahl der fälligen, verkauften und im Rahmen verschiedener Pläne gewährten Aktien.

Positive
  • Automatic vesting of conditional shares for multiple executives, indicating alignment with long-term incentive plans
  • Granting of new equity awards (Performance Awards, Restricted Stock Units, and Non-Qualified Stock Options) to key executives, potentially improving retention and performance motivation
Negative
  • Multiple executives selling shares on the vesting date, which could be perceived negatively by the market

Insights

This regulatory filing details significant insider transactions and equity compensation awards for Ferguson Enterprises Inc. executives. Key points include:

  • Vesting of previously granted long-term incentive awards for multiple executives, including CEO Kevin Murphy receiving 16,355 shares.
  • Sale of shares by several executives, with CEO Murphy selling 10,000 shares for $2,013,500.
  • New grants under the 2023 Omnibus Equity Incentive Plan, including restricted stock units, performance stock units and stock options. CEO Murphy received 14,524 RSUs, 48,414 PSUs and 30,991 options.
  • Similar awards were granted to other executives like the CFO and CLO, aligning their interests with shareholders.

These transactions indicate ongoing executive compensation practices and insider activity. The vesting and new grants suggest continued focus on long-term incentives, while the share sales could be for personal financial planning. Overall, this appears to be routine equity compensation activity for a large public company.

NEWPORT NEWS, Va.--(BUSINESS WIRE)-- NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”)

Vesting of the Ferguson Enterprises Inc. Long Term Incentive Plan 2019 (“LTIP”), Ferguson Enterprises Inc. Ordinary Share Plan 2019 (“OSP”) and Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019 (“POSP”) (together, “the Plans”)

The conditional shares granted under the Plans on October 14, 2021, automatically vested on October 14, 2024. The LTIP was subject to a dividend equivalent accrual. All resulting shares were released for nil consideration.

Following the vesting, nine PDMRs sold shares on October 14, 2024.

Awards made under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (“Omnibus Plan”)

On October 15, 2024, the Company granted Performance Awards, Restricted Stock Unit Awards and Non-Qualified Stock Option Awards under the Omnibus Plan. Details of the vesting criteria and performance conditions attached to the awards will be disclosed at the appropriate time in the relevant public disclosures required to be made by the Company.

The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further details.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kevin Murphy

2

Reason for the notification

a)

Position/status

President & Chief Executive Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the LTIP (including dividend equivalents arising from the vesting and after withholding for tax)

2. The sale of Common stock of par value $0.0001 per share

3. A grant of Restricted Stock Units under the Omnibus Plan

4. A grant of Performance Stock Units under the Omnibus Plan

5. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of LTIP 

     Price(s)    Volume(s)

     $0.00        16,355

 

2. Sale 

    Price(s)     Volume(s)

    $201.35     10,000

 

3. Grant of Restricted Stock Units

    Price(s)     Volume(s)

    $0.00         14,524

 

4. Grant of Performance Stock Units

     Price(s)     Volume(s)

     $0.00        48,414

 

5. Grant of Non-Qualified Stock Options

     Price(s)     Volume(s)

     $0.00        30,991

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of LTIP

    Volume(s)         Price(s)

    Not applicable   $0.00

 

2. Sale

     Volume(s)        Price(s)

     Not applicable  $2,013,500.00

 

3. Grant of Restricted Stock Units

     Volume(s)        Price(s)

     Not applicable  $0.00

 

4. Grant of Performance Stock Units

     Volume(s)        Price(s)

     Not applicable  $0.00

 

5. Grant of Non-Qualified Stock Options

     Volume(s)        Price(s)

     Not applicable  $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-15; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. New York Stock Exchange

3. Outside a Trading Venue

4. Outside a Trading Venue

5. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Brundage

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the LTIP (including dividend equivalents arising from the vesting and after withholding for tax)

2. A grant of Restricted Stock Units under the Omnibus Plan

3. A grant of Performance Stock Units under the Omnibus Plan

4. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of LTIP

    Price(s)    Volume(s)

    $0.00        6,502

 

2. Grant of Restricted Stock Units

    Price(s)    Volume(s)

    $0.00        4,352

 

3. Grant of Performance Stock Units

    Price(s)    Volume(s)

    $0.00        14,508

 

4. Grant of Non-Qualified Stock Options

    Price(s)    Volume(s)

    $0.00        9,286

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of LTIP

    Volume(s)        Price(s)

    Not applicable  $0.00

 

2. Grant of Restricted Stock Units

    Volume(s)        Price(s)

    Not applicable  $0.00

 

3. Grant of Performance Stock Units

    Volume(s)        Price(s)

    Not applicable  $0.00

 

4. Grant of Non-Qualified Stock Options

    Volume(s)        Price(s)

    Not applicable  $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-15; UTC time

3. 2024-10-15; UTC time

4. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. Outside a Trading Venue

4. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ian Graham

2

Reason for the notification

a)

Position/status

Chief Legal Officer & Corporate Secretary

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

    Price(s)       Volume(s)

    $0.00           1,052

 

2. Vesting of POSP

    Price(s)       Volume(s)

    $0.00           4,726

 

3. Sale

    Price(s)       Volume(s)

    $201.3750   174

    $201.2701   5,604

 

4. Grant of Restricted Stock Units

    Price(s)        Volume(s)

    $0.00            1,831

 

5. Grant of Performance Stock Units

    Price(s)        Volume(s)

    $0.00            6,104

 

6. Grant of Non-Qualified Stock Options

    Price(s)        Volume(s)

    $0.00            3,908

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

2. Vesting of POSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

3. Sale

    Volume(s)          Price(s)

    5,778                 $1,162,956.89

 

4. Grant of Restricted Stock Units

    Volume(s)          Price(s)

    Not applicable    $0.00

 

5. Grant of Performance Stock Units

    Volume(s)          Price(s)

    Not applicable    $0.00

 

6. Grant of Non-Qualified Stock Options

    Volume(s)          Price(s)

    Not applicable    $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Jacobs

2

Reason for the notification

a)

Position/status

Senior Vice President

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)          Volume(s)

     $0.00              405

 

2. Vesting of POSP

     Price(s)          Volume(s)

     $0.00              1,816

 

3. Sale

    Price(s)           Volume(s)

    $201.0050       300

    $200.9549       2,323

    $200.9200       0.921

 

4. Grant of Restricted Stock Units

     Price(s)          Volume(s)

     $0.00              1,116

 

5. Grant of Performance Stock Units

     Price(s)          Volume(s)

     $0.00              3,720

 

6. Grant of Non-Qualified Stock Options

     Price(s)          Volume(s)

     $0.00              2,381

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

    Volume(s)         Price(s)

    Not applicable   $0.00

 

2. Vesting of POSP

    Volume(s)         Price(s)

    Not applicable   $0.00

 

3. Sale

    Volume(s)         Price(s)

    2,623.92           $527,304.78

 

4. Grant of Restricted Stock Units

     Volume(s)        Price(s)

     Not applicable  $0.00

 

5. Grant of Performance Stock Units

     Volume(s)        Price(s)

     Not applicable  $0.00

 

6. Grant of Non-Qualified Stock Options

     Volume(s)        Price(s)

     Not applicable  $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Victoria Morrissey

2

Reason for the notification

a)

Position/status

Chief Marketing Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

    Price(s)         Volume(s)

    $0.00             603

 

2. Vesting of POSP

    Price(s)         Volume(s)

    $0.00             2,701

 

3. Sale

    Price(s)         Volume(s)

    $201.2400     1

    $201.2000     1,467

 

4. Grant of Restricted Stock Units

     Price(s)        Volume(s)

     $0.00            1,077

 

5. Grant of Performance Stock Units

     Price(s)        Volume(s)

     $0.00            3,590

 

6. Grant of Non-Qualified Stock Options

     Price(s)        Volume(s)

     $0.00            2,298

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

2. Vesting of POSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

3. Sale

    Volume(s)          Price(s)

    1,468                 $295,361.64

 

4. Grant of Restricted Stock Units

     Volume(s)         Price(s)

     Not applicable   $0.00

 

5. Grant of Performance Stock Units

     Volume(s)         Price(s)

     Not applicable   $0.00

 

6. Grant of Non-Qualified Stock Options

     Volume(s)         Price(s)

     Not applicable   $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Paisley

2

Reason for the notification

a)

Position/status

Chief Information and Technology Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. A grant of Restricted Stock Units under the Omnibus Plan

2. A grant of Performance Stock Units under the Omnibus Plan

3. A grant of Non-Qualified Stock Options under the Omnibus Plan

 

c)

Price(s) and volume(s)

1. Grant of Restricted Stock Units

     Price(s)     Volume(s)

     $0.00         1,836

 

2. Grant of Performance Stock Units

     Price(s)     Volume(s)

     $0.00         6,122

 

3. Grant of Non-Qualified Stock Options

     Price(s)      Volume(s)

     $0.00          3,918

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Grant of Restricted Stock Units

     Volume(s)         Price(s)

     Not applicable   $0.00

 

2. Grant of Performance Stock Units

     Volume(s)         Price(s)

     Not applicable   $0.00

 

3. Grant of Non-Qualified Stock Options

     Volume(s)         Price(s)

     Not applicable   $0.00

 

e)

Date of the transaction

1. 2024-10-15; UTC time

2. 2024-10-15; UTC time

3. 2024-10-15; UTC time

 

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. Outside a Trading Venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jake Schlicher

2

Reason for the notification

a)

Position/status

Senior Vice President

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)         Volume(s)

     $0.00             810

 

2. Vesting of POSP

     Price(s)         Volume(s)

     $0.00             3,628

 

3. Sale

     Price(s)         Volume(s)

     $201.5550     100

     $201.4819     2,150

 

4. Grant of Restricted Stock Units

     Price(s)         Volume(s)

     $0.00             1,676

 

5. Grant of Performance Stock Units

     Price(s)         Volume(s)

     $0.00             5,588

 

6. Grant of Non-Qualified Stock Options

     Price(s)         Volume(s)

     $0.00             3,576

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

2. Vesting of POSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

3. Sale

     Volume(s)         Price(s)

     2,250                $453,341.5850

 

4. Grant of Restricted Stock Units

     Volume(s)         Price(s)

     Not applicable   $0.00

 

5. Grant of Performance Stock Units

     Volume(s)         Price(s)

     Not applicable   $0.00

 

6. Grant of Non-Qualified Stock Options

     Volume(s)         Price(s)

     Not applicable   $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Allison Stirrup

2

Reason for the notification

a)

Position/status

Chief Human Resources Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)           Volume(s)

     $0.00              198

 

2. Vesting of POSP

     Price(s)           Volume(s)

     $0.00               927

 

3. Sale

     Price(s)           Volume(s)

     $201.3100       193

     $201.3000       150

     $201.3200       200

     $201.2900       46

     $201.2640       100

     $201.2600       39

     $201.2700       35

     $201.2501       200

     $201.2508       30

 

4. Grant of Restricted Stock Units

     Price(s)           Volume(s)

     $0.00               893

 

5. Grant of Performance Stock Units

     Price(s)           Volume(s)

     $0.00               2,978

 

6. Grant of Non-Qualified Stock Options

     Price(s)           Volume(s)

     $0.00               1,907

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

2. Vesting of POSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

3. Sale

    Volume(s)          Price(s)

    993                    $199,878.7040

 

4. Grant of Restricted Stock Units

    Volume(s)          Price(s)

    Not applicable    $0.00

 

5. Grant of Performance Stock Units

    Volume(s)          Price(s)

    Not applicable    $0.00

 

6. Grant of Non-Qualified Stock Options

    Volume(s)          Price(s)

    Not applicable    $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Matthew Stirrup

2

Reason for the notification

a)

Position/status

This notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities being Allison Stirrup, Chief Human Resources Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. A grant of Restricted Stock Units under the Omnibus Plan

4. A grant of Performance Stock Units under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)     Volume(s)

     $0.00         35

 

2. Vesting of POSP

     Price(s)     Volume(s)

     $0.00         168

 

3. Grant of Restricted Stock Units

     Price(s)     Volume(s)

     $0.00         62

 

4. Grant of Performance Stock Units

     Price(s)     Volume(s)

     $0.00         290

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

2. Vesting of POSP

    Volume(s)          Price(s)

    Not applicable    $0.00

 

3. Grant of Restricted Stock Units

    Volume(s)          Price(s)

    Not applicable    $0.00

 

4. Grant of Performance Stock Units

    Volume(s)          Price(s)

    Not applicable    $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-15; UTC time

4. 2024-10-15; UTC time

 

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. Outside a Trading Venue

4. Outside a Trading Venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Thees

2

Reason for the notification

a)

Position/status

Senior Vice President

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)         Volume(s)

     $0.00             933

 

2. Vesting of POSP

     Price(s)         Volume(s)

     $0.00             4,178

 

3. Sale

     Price(s)         Volume(s)

     $201.0700     446

     $201.0500     178

     $201.0200     1

     $201.0100     10

     $201.0000     61

     $200.9900     711

     $200.9700     2

     $200.9501     3,702

 

4. Grant of Restricted Stock Units

     Price(s)         Volume(s)

     $0.00             1,874

 

5. Grant of Performance Stock Units

     Price(s)          Volume(s)

     $0.00              6,248

 

6. Grant of Non-Qualified Stock Options

     Price(s)          Volume(s)

     $0.00              4,000

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

     Volume(s)          Price(s)

     Not applicable    $0.00

 

2. Vesting of POSP

     Volume(s)          Price(s)

     Not applicable    $0.00

 

3. Sale

     Volume(s)          Price(s)

     5,111                 $1,027,159.3402

 

4. Grant of Restricted Stock Units

     Volume(s)          Price(s)

     Not applicable    $0.00

 

5. Grant of Performance Stock Units

     Volume(s)          Price(s)

     Not applicable    $0.00

 

6. Grant of Non-Qualified Stock Options

     Volume(s)          Price(s)

     Not applicable   $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Williams

2

Reason for the notification

a)

Position/status

Senior Vice President

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

6. A grant of Non-Qualified Stock Options under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)            Volume(s)

      $0.00               373

 

2. Vesting of POSP

     Price(s)            Volume(s)

      $0.00               1,745

 

3. Sale

     Price(s)            Volume(s)

     $201.2193        1,118

 

4. Grant of Restricted Stock Units

     Price(s)            Volume(s)

     $0.00                1,638

 

5. Grant of Performance Stock Units

     Price(s)            Volume(s)

     $0.00                5,460

 

6. Grant of Non-Qualified Stock Options

     Price(s)            Volume(s)

     $0.00                3,495

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

     Volume(s)          Price(s)

     Not applicable    $0.00

 

2. Vesting of POSP

     Volume(s)          Price(s)

     Not applicable    $0.00

 

3. Sale

     Volume(s)          Price(s)

     Not applicable    $224,963.1774

 

4. Grant of Restricted Stock Units

     Volume(s)          Price(s)

     Not applicable    $0.00

 

5. Grant of Performance Stock Units

     Volume(s)          Price(s)

     Not applicable    $0.00

 

6. Grant of Non-Qualified Stock Options

     Volume(s)          Price(s)

     Not applicable   $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

6. 2024-10-15; UTC time

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

6. Outside a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Winckler

2

Reason for the notification

a)

Position/status

Chief Accounting Officer

b)

Initial/Amendment notification

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ferguson Enterprises Inc.

b)

LEI

2138003JYQMRP3SLX189

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common stock of par value $0.0001 per share

 

 

ISIN: US31488V1070

b)

Nature of the transaction

1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax)

2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax)

3. The sale of Common stock of par value $0.0001 per share

4. A grant of Restricted Stock Units under the Omnibus Plan

5. A grant of Performance Stock Units under the Omnibus Plan

c)

Price(s) and volume(s)

1. Vesting of OSP

     Price(s)         Volume(s)

     $0.00            233

 

2. Vesting of POSP

     Price(s)         Volume(s)

     $0.00            1,092

 

3. Sale

     Price(s)         Volume(s)

     $201.7600    1

     $201.7500    1,324

 

4. Grant of Restricted Stock Units

     Price(s)         Volume(s)

     $0.00            458

 

5. Grant of Performance Stock Units

     Price(s)         Volume(s)

     $0.00            2,140

 

USD - US Dollars

d)

Aggregated information

 

- Aggregated volume

 

- Price

1. Vesting of OSP

     Volume(s)          Price(s)

     Not applicable    $0.00

 

2. Vesting of POSP

     Volume(s)          Price(s)

     Not applicable    $0.00

 

3. Sale

     Volume(s)          Price(s)

     1,325                 $267,318.76

 

4. Grant of Restricted Stock Units

     Volume(s)          Price(s)

     Not applicable    $0.00

 

5. Grant of Performance Stock Units

     Volume(s)          Price(s)

     Not applicable    $0.00

 

e)

Date of the transaction

1. 2024-10-14; UTC time

2. 2024-10-14; UTC time

3. 2024-10-14; UTC time

4. 2024-10-15; UTC time

5. 2024-10-15; UTC time

 

f)

Place of the transaction

1. Outside a Trading Venue

2. Outside a Trading Venue

3. New York Stock Exchange

4. Outside a Trading Venue

5. Outside a Trading Venue

 

Investor Inquiries:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Director of Investor Relations +1 757 603 0111

Media Inquiries:

Christine Dwyer, Senior Director Communications and Public Relations +1 757 469 5813

Source: Ferguson Enterprises Inc.

FAQ

When did the conditional shares granted under Ferguson's long-term incentive plans vest?

The conditional shares granted under Ferguson's long-term incentive plans (LTIP, OSP, and POSP) on October 14, 2021, automatically vested on October 14, 2024.

What new equity awards did Ferguson Enterprises (FERG) grant to executives on October 15, 2024?

On October 15, 2024, Ferguson Enterprises (FERG) granted Performance Awards, Restricted Stock Unit Awards, and Non-Qualified Stock Option Awards under the 2023 Omnibus Equity Incentive Plan to executives.

How many Ferguson Enterprises (FERG) executives sold shares on October 14, 2024?

According to the press release, nine Persons Discharging Managerial Responsibilities (PDMRs) sold shares on October 14, 2024.

What was the sale price of shares sold by Ferguson's CEO Kevin Murphy on October 14, 2024?

Ferguson's CEO Kevin Murphy sold 10,000 shares at a price of $201.35 per share on October 14, 2024.

Ferguson Enterprises Inc.

NYSE:FERG

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