Ferguson (FERG) board chair Geoff Drabble receives 742-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drabble Geoff reported acquisition or exercise transactions in this Form 4 filing.
Ferguson Enterprises Inc. director and Board Chair Geoff Drabble received a grant of 742 shares of Common Stock in the form of Restricted Stock Units (RSUs). These RSUs were awarded at no cash cost per share and increase his directly held position to 7,473 shares.
The RSUs were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. They are scheduled to vest on the date of the company’s next annual meeting of stockholders, provided Drabble continues his service with the company through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drabble Geoff
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 742 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,473 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
RSU grant size: 742 shares
Holdings after transaction: 7,473 shares
Grant price per share: $0.0000 per share
3 metrics
RSU grant size
742 shares
Restricted Stock Units granted as Common Stock award
Holdings after transaction
7,473 shares
Total direct Common Stock reported following RSU grant
Grant price per share
$0.0000 per share
Reported transaction price for RSU award
Key Terms
Restricted Stock Units ("RSUs"), vesting date, 2023 Omnibus Equity Incentive Plan, grant, award, or other acquisition
4 terms
Restricted Stock Units ("RSUs") financial
"The reported securities represent Restricted Stock Units ("RSUs") which were granted"
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.
vesting date financial
"The RSUs have a vesting date of the Issuer's next annual meeting"
2023 Omnibus Equity Incentive Plan financial
"which were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did FERG director Geoff Drabble report on this Form 4?
Geoff Drabble reported receiving a grant of 742 Ferguson Enterprises Common Stock RSUs as compensation. The award was at no cash cost per share and is structured as equity, aligning his interests with shareholders rather than reflecting an open-market purchase or sale.
What are the vesting terms of Geoff Drabble’s new FERG RSU award?
The RSUs vest on the date of Ferguson Enterprises’ next annual meeting of stockholders, subject to Drabble’s continued service through that date. If he remains in his role until the meeting, the RSUs convert into shares, further increasing his equity-based compensation position.
Under which plan were the new FERG RSUs for Geoff Drabble granted?
The reported RSUs were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. This plan governs equity-based awards such as RSUs, providing a structured framework for compensating directors and other participants with company stock rather than solely with cash.