Dividend reinvestment adds Ferguson (NYSE: FERG) director shares

Rhea-AI Filing Summary

Ferguson Enterprises director Kelly A. Baker reported small share acquisitions through dividend reinvestment. On February 26, Baker acquired 3.4120 shares of common stock at $261.37 per share, and on February 27 acquired 1.2242 shares at $262.85 per share. These exempt dividend reinvestment transactions are being voluntarily reported and brought Baker’s direct holdings to 3,198.7966 shares after the most recent transaction.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Baker Kelly A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1.224	$262.85	$321.78
Grant/Award	Common Stock	3.412	$261.37	$891.79

Holdings After Transaction: Common Stock — 3,198.797 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Baker Kelly A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		A(1)	V	3.412	A	$261.37	3,197.5724	D
Common Stock	02/27/2026		A(1)	V	1.2242	A	$262.85	3,198.7966	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

Explanation of Responses:

1. These shares were acquired through exempt dividend reinvestment transactions and are being voluntarily reported.

Remarks:

	/s/ Ian Graham by Power of Attorney	03/04/2026
	** 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 insider transactions did Ferguson (FERG) report for Kelly A. Baker?

Ferguson reported that director Kelly A. Baker acquired small amounts of common stock through dividend reinvestment. Baker received 3.4120 shares on February 26 at $261.37 and 1.2242 shares on February 27 at $262.85, both recorded as exempt dividend reinvestment transactions.

How many Ferguson (FERG) shares does Kelly A. Baker own after these Form 4 transactions?

After the latest reported dividend reinvestment transaction, Kelly A. Baker directly owns 3,198.7966 Ferguson common shares. This total reflects the incremental additions from the February 26 and February 27 exempt dividend reinvestment acquisitions disclosed in the Form 4 filing.

Were Kelly A. Baker’s Ferguson (FERG) share acquisitions open-market purchases?

No, the reported acquisitions were not open-market purchases. The filing states the shares were acquired through exempt dividend reinvestment transactions, meaning dividends paid on existing holdings were automatically reinvested into additional Ferguson common stock rather than taken in cash.

What transaction code was used for Kelly A. Baker’s Ferguson (FERG) Form 4 entries?

Both entries use transaction code “A,” described as a grant, award, or other acquisition. In this case, the Form 4 clarifies that the acquisitions resulted from exempt dividend reinvestment transactions, which increased Baker’s direct ownership modestly without a traditional market buy order.

Are Kelly A. Baker’s Ferguson (FERG) dividend reinvestment transactions voluntary disclosures?

Yes. The footnote explains that these shares were acquired through exempt dividend reinvestment transactions and are being voluntarily reported. This indicates the director chose to disclose these relatively small, automatic acquisitions even though they qualify as exempt transactions.