Ferguson (NYSE: FERG) officer receives new stock and option grants

Rhea-AI Filing Summary

Ferguson Enterprises officer Ian T. Graham received new equity awards as part of his compensation. On March 12, 2026, he was granted 3,988 stock options with an exercise price of $231.63 per share, expiring on March 12, 2036. These options vest in three equal annual installments beginning on March 12, 2027, contingent on continued service or eligible retirement.

He was also granted 1,942 restricted stock units that convert into common shares in three equal annual installments starting March 12, 2027, under the same service or retirement conditions. Following the grant, he directly holds 9,657 shares of Ferguson common stock. These are compensation grants, not open-market purchases or sales.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Graham Ian T.

(Last) (First) (Middle)

C/O FERGUSON ENTERPRISES INC.

751 LAKEFRONT COMMONS

(Street)

NEWPORT NEWS VA 23606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ferguson Enterprises Inc. /DE/ [ FERG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		A		1,942(1)	A	$0	9,657	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$231.63	03/12/2026		A		3,988		(2)	03/12/2036	Common Stock	3,988	$0	3,988	D

Explanation of Responses:

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.

2. 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.

Remarks:

Chief Legal Officer & Corporate Secretary

	/s/ Ian Graham	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity awards did Ferguson (FERG) officer Ian T. Graham receive?

Ian T. Graham received new stock options and restricted stock units from Ferguson. He was granted 3,988 stock options at a $231.63 exercise price and 1,942 restricted stock units under the 2023 Omnibus Equity Incentive Plan, all awarded on March 12, 2026 as compensation.

When do Ian T. Graham’s new Ferguson stock awards vest?

The new Ferguson awards vest in three annual installments. Both the restricted stock units and the stock options vest in three equal installments beginning on March 12, 2027, provided Graham continues in service through each vesting date or qualifies for retirement, if eligible.

Are Ian T. Graham’s March 12, 2026 Ferguson transactions open-market purchases?

No, the March 12, 2026 transactions are compensation grants, not market buys. The Form 4 shows awards coded as “A” for grant or award acquisitions, with zero transaction price, reflecting stock options and restricted stock units granted under Ferguson’s 2023 Omnibus Equity Incentive Plan.

How many Ferguson shares does Ian T. Graham own after these grants?

After the March 12, 2026 grants, Graham directly owns 9,657 Ferguson common shares. This figure reflects his total direct common stock holdings reported following the award of 1,942 restricted stock units, separate from the 3,988 stock options that may be exercised in the future.

What are the terms of Ian T. Graham’s new Ferguson stock options?

The new stock options cover 3,988 shares at a $231.63 exercise price. They were granted on March 12, 2026, vest in three equal annual installments starting March 12, 2027, and expire on March 12, 2036, all under Ferguson’s 2023 Omnibus Equity Incentive Plan.

Under which plan were Ian T. Graham’s Ferguson equity awards granted?

Both awards were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. This plan provided the framework for issuing 1,942 restricted stock units and 3,988 stock options, each vesting over three years beginning March 12, 2027, subject to continued service or eligible retirement.