Director Kelly A. Baker receives 751 RSUs at Ferguson (FERG) as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Baker Kelly A reported acquisition or exercise transactions in this Form 4 filing.
Ferguson Enterprises Inc. director Kelly A. Baker received an equity grant of 751 shares of common stock in the form of Restricted Stock Units (RSUs). The award was granted at no cash cost per share under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan.
The RSUs are scheduled to vest on the date of the company’s next annual meeting of stockholders, conditioned on Baker’s continued service through that date. Following this grant, Baker directly holds a total of 3,956.5254 shares of Ferguson Enterprises common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Baker Kelly A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 751 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,956.525 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 shares
Grant price: $0.0000 per share
Post-transaction holdings: 3,956.5254 shares
+1 more
4 metrics
RSUs granted
751 shares
Restricted Stock Units awarded to director Kelly A. Baker
Grant price
$0.0000 per share
RSU grant price indicating a compensation award, not a purchase
Post-transaction holdings
3,956.5254 shares
Total Ferguson common stock directly held after the grant
Transaction code
A
Denotes grant, award, or other acquisition on Form 4
Key Terms
Restricted Stock Units ("RSUs"), vesting date, annual meeting of stockholders, 2023 Omnibus Equity Incentive Plan
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"
annual meeting of stockholders financial
"vesting date of the Issuer's next annual meeting of stockholders"
2023 Omnibus Equity Incentive Plan financial
"granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan"
FAQ
What insider transaction did Ferguson (FERG) report for Kelly A. Baker?
Ferguson reported that director Kelly A. Baker received a grant of 751 Restricted Stock Units, representing common stock, at no cash cost per share. This is a compensation-related equity award rather than an open-market stock purchase or sale.
When do Kelly A. Baker’s new Ferguson (FERG) RSUs vest?
The RSUs granted to Kelly A. Baker vest on the date of Ferguson’s next annual meeting of stockholders, provided she continues to serve through that date. Vesting ties the award to ongoing board service over this period.
Under which plan were Kelly A. Baker’s Ferguson (FERG) RSUs granted?
The reported RSUs were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. This plan authorizes the company to grant equity-based awards, such as RSUs, as part of its compensation program.
Was Kelly A. Baker’s Ferguson (FERG) RSU grant an open-market purchase?
No. The Form 4 shows a transaction code “A,” indicating a grant or award acquisition. The 751 RSUs were issued at a price of $0.0000 per share as equity compensation, not bought on the open market.