[Form 4] Ferguson Enterprises Inc. Insider Trading Activity

Rhea-AI Filing Summary

James S. Metcalf, a director of Ferguson Enterprises Inc. (FERG), reported two small acquisitions of common stock through exempt dividend reinvestment transactions. On 08/05/2025 he acquired 2.065 shares at $224.95, and on 08/06/2025 he acquired 15.8266 shares at $225.39, for a total of 17.8916 shares purchased.

These transactions increased his reported direct beneficial ownership from 5,782.5269 shares to 5,798.3535 shares. The filing notes the shares were acquired via exempt dividend reinvestment and were voluntarily reported; the Form 4 was signed by a power of attorney on 08/12/2025.

Insights

Financial Analyst

TL;DR: Director's small DRIP purchases raised direct holdings to 5,798.3535 shares; transactions are routine and immaterial to valuation.

The filing documents two exempt dividend reinvestment acquisitions totaling 17.8916 shares on 08/05/2025 and 08/06/2025 at prices of $224.95 and $225.39, respectively. These increased direct beneficial ownership to 5,798.3535 shares. From a financial-impact perspective, the sizes reported are modest and do not, by themselves, imply a material change to the company’s capitalization or an alteration of valuation metrics. The voluntary nature of the reporting and use of a power of attorney for signature indicate routine administrative handling.

Corporate Governance Expert

TL;DR: Voluntary Form 4 disclosure of DRIP acquisitions by a director reflects standard compliance and transparency; not materially significant.

The report shows the director acquired shares through exempt dividend reinvestment and voluntarily reported the transactions, increasing direct holdings to 5,798.3535 shares. The filing is signed by a power of attorney on 08/12/2025. Governance-wise, this is a routine Form 4 filing that supports transparency around insider holdings and does not indicate any unusual trading patterns or governance concerns based on the information provided.

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
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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^*

METCALF JAMES S

(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)
08/05/2025

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	08/05/2025		A(1)	V	2.065	A	$224.95	5,782.5269	D
Common Stock	08/06/2025		A(1)	V	15.8266	A	$225.39	5,798.3535	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	08/12/2025
	** 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 did James S. Metcalf report on Form 4 for FERG?

The filing reports two acquisitions via exempt dividend reinvestment: 2.065 shares on 08/05/2025 at $224.95 and 15.8266 shares on 08/06/2025 at $225.39.

How many Ferguson (FERG) shares does Metcalf own after these transactions?

Following the reported transactions, Metcalf's direct beneficial ownership is 5,798.3535 shares as stated in the Form 4.

How were the shares acquired according to the Form 4?

The Form 4 explicitly states the shares were acquired through exempt dividend reinvestment transactions and are being voluntarily reported.

When was the Form 4 signed and by whom?

The signature block shows the form was signed by Ian Graham by Power of Attorney on 08/12/2025.

Do the reported purchases appear to be part of a 10b5-1 trading plan?

The filing text identifies the transactions as exempt dividend reinvestment transactions; it does not state that they were made pursuant to a 10b5-1 plan.