Director Alan J. Murray receives 751 RSUs at Ferguson Enterprises (FERG)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ferguson Enterprises director Alan J. Murray received an equity grant of 751 restricted stock units. These RSUs were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan and carry no cash exercise price.
The RSUs vest on the date of the company’s next annual meeting of stockholders, subject to Murray’s continued service through that date. Following this award, he directly holds 5,599 shares or share-equivalent units of Ferguson Enterprises common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Murray Alan J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 751 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,599 shares (Direct, null)
Footnotes (1)
- The RSUs have a vesting date of the Issuer's next annual meeting of stockholders subject to the reporting person's continued service through such date. The reported securities represent Restricted Stock Units ("RSUs") which were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan.
Key Figures
RSUs granted: 751 units
Price per unit: $0.0000 per share
Holdings after grant: 5,599 shares/units
3 metrics
RSUs granted
751 units
Restricted Stock Units granted to director Alan J. Murray
Price per unit
$0.0000 per share
Reported transaction price for the RSU grant
Holdings after grant
5,599 shares/units
Total direct Ferguson common stock or equivalents after transaction
Key Terms
Restricted Stock Units ("RSUs"), 2023 Omnibus Equity Incentive Plan, vesting date, annual meeting of stockholders
4 terms
Restricted Stock Units ("RSUs") financial
"The reported securities represent Restricted Stock Units ("RSUs") which were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2023 Omnibus Equity Incentive Plan financial
"RSUs which were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan."
vesting date financial
"The RSUs have a vesting date of the Issuer's next annual meeting of stockholders subject to the reporting person's continued service through such date."
annual meeting of stockholders financial
"The RSUs have a vesting date of the Issuer's next annual meeting of stockholders subject to the reporting person's continued service through such date."
FAQ
What did Ferguson (FERG) disclose about Alan J. Murray in this Form 4?
Ferguson reported that director Alan J. Murray received an award of 751 restricted stock units. These equity units were granted at no cash cost and increase his direct holdings to 5,599 shares or share-equivalent units of Ferguson Enterprises common stock.
What type of equity did Ferguson (FERG) grant to director Alan J. Murray?
Ferguson granted Alan J. Murray restricted stock units, or RSUs, tied to its common stock. The Form 4 notes these RSUs were issued under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan as a grant or award, not an open-market purchase.
When do Alan J. Murray’s new Ferguson (FERG) RSUs vest?
The newly granted Ferguson RSUs vest on the date of the company’s next annual meeting of stockholders. Vesting is conditioned on Alan J. Murray’s continued service as of that meeting date, according to the Form 4 footnote disclosure.
Did Alan J. Murray pay cash for the 751 Ferguson (FERG) RSUs?
The Form 4 shows a price per share of $0.0000 for the 751 units, indicating Murray did not pay cash for this equity. The award represents a compensation-related grant of restricted stock units under Ferguson’s 2023 Omnibus Equity Incentive Plan.