Ferguson (NYSE: FERG) COO awarded new stock and options in Form 4 filing
Rhea-AI Filing Summary
Ferguson Enterprises Inc. Chief Operating Officer William T. Thees Jr. reported equity awards that increase his stake in the company. He received 2,266 shares of Common Stock as a grant, bringing his direct common share holdings to 32,612 shares.
He also received a grant of 4,653 stock options with an exercise price of $231.63 per share, expiring on March 12, 2036. According to the plan terms, both the restricted stock units and options vest in three equal annual installments beginning on March 12, 2027, subject to his continued service or eligible retirement status.
Positive
- None.
Negative
- None.
Insights
Routine equity grants to COO, no open-market trading signal.
The filing shows compensation-related awards for Ferguson’s COO rather than market purchases or sales. He received 2,266 restricted shares and 4,653 options at an exercise price of $231.63, all directly held.
Both awards vest in three equal tranches starting on March 12, 2027, contingent on continued service or eligible retirement. Because these are standard incentive grants with no open-market buying or selling and derivativeSummary shows no additional derivative changes, the information is structurally important but not thesis-changing for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 4,653 | $0.00 | -- |
| Grant/Award | Common Stock | 2,266 | $0.00 | -- |
Footnotes (1)
- The reported securities represent Restricted Stock Units granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan, which entitles the Reporting Person to receive the stated amount of Common Stock in three equal annual installments beginning on March 12, 2027 (the "Vesting Dates"), subject to the Reporting Person's continued service through the Vesting Dates or retirement, if eligible. The reported securities represent Stock Options granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan, which entitles the Reporting Person to receive the stated amount of Stock Options in three equal annual installments beginning on March 12, 2027 (the "Vesting Dates"), subject to the Reporting Person's continued service through the Vesting Dates or retirement, if eligible.