Ferguson (FERG) director granted 742 RSUs under 2023 incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ferguson Enterprises director Brian May received an equity award in the form of restricted stock units. On the reported date, he was granted 742 RSUs of Ferguson Enterprises Inc. common stock at no cash cost, classified as a grant or award acquisition. These RSUs were issued under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan and are scheduled to vest on the date of the company’s next annual meeting of stockholders, subject to his continued service through that date. Following this award, May directly holds 3,980 shares of Ferguson Enterprises common stock, reflecting a modest, compensation-related increase in his equity stake rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
May Brian
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 742 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,980 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: 742 RSUs
Price per share: $0.00 per share
Shares held after: 3,980 shares
3 metrics
RSUs granted
742 RSUs
Restricted stock units granted to Brian May on the reported date
Price per share
$0.00 per share
Reported transaction price for the RSU grant
Shares held after
3,980 shares
Total Ferguson common shares directly held after the grant
Key Terms
Restricted Stock Units ("RSUs"), Omnibus Equity Incentive Plan, vesting date
3 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.
Omnibus Equity Incentive Plan financial
"which were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan."
A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.
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."
FAQ
What did Ferguson (FERG) director Brian May report in this Form 4?
Brian May reported receiving 742 restricted stock units of Ferguson Enterprises common stock as an equity award. The grant was classified as a compensation-related acquisition, not an open-market purchase, and increased his direct holdings to 3,980 shares after the transaction.
Was Brian May’s Ferguson (FERG) transaction a stock purchase or a grant?
The transaction was a grant of restricted stock units, not an open-market stock purchase. It is reported under transaction code "A" for a grant, award, or other acquisition, with a price per share of $0.00, indicating a compensation-related equity award.
When do Brian May’s newly granted Ferguson (FERG) RSUs vest?
The restricted stock units vest on the date of Ferguson Enterprises’ next annual meeting of stockholders. Vesting is conditioned on Brian May’s continued service with the company through that meeting date, aligning the award with ongoing board service.
Under which plan were Brian May’s Ferguson (FERG) RSUs granted?
The reported restricted stock units were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. This plan authorizes equity-based compensation awards, such as RSUs, to directors and other eligible participants to align their interests with shareholders.