Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Rhea-AI Summary

Ferguson Enterprises announced the vesting of restricted stock units under its 2023 Omnibus Equity Incentive Plan for multiple Non-Employee Directors. The vesting occurred on December 5, 2024, and included dividend equivalent shares. Notable transactions include Board Chair Geoff Drabble receiving 414 shares, while new directors Rekha Agrawal and Richard Beckwitt, appointed in September 2024, received 296 shares each. Two directors, Thomas Schmitt and Nadia Shouraboura, stepped down at the 2024 Annual Meeting. All shares were released for nil consideration and were subject to dividend equivalent accrual.

NEWPORT NEWS, Va.--(BUSINESS WIRE)-- NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”)

Vesting of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (“Omnibus Plan”)

Non-Employee Director	No. of Shares vesting	No. of dividend equivalent Shares accrued	Total no. of Shares vesting after any withholding for tax
G Drabble	675	10	414
R Agrawal	295	1	296
K Baker	707	10	555
R Beckwitt	295	1	296
C Halligan	707	10	556
B May	675	10	685
J Metcalf	707	10	557
A Murray	707	10	717
T Schmitt*	707	10	547
N Shouraboura*	707	10	556
S Wood	707	10	555
*Thomas Schmitt and Nadia Shouraboura stepped down as Non-Employee Directors at the 2024 Annual Meeting held on December 5, 2024

Rekha Agrawal and Richard Beckwitt received restricted stock unit grants under the Omnibus Plan on September 19, 2024, following their appointments as Non-Employee Directors. Grants to the other Non-Employee Directors were made on March 7, 2024, to replace the cancelled restricted stock units originally granted under the Non-Employee Director Incentive Plan 2022 on October 12, 2023. All the awards automatically vested on December 5, 2024. The restricted stock units were subject to a dividend equivalent accrual. All Shares were released for nil consideration.

The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Geoff Drabble
2	Reason for the notification
a)	Position/status	Board Chair
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)           Volume(s) £0.00               414     GBP – British Pound
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   £0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rekha Agrawal
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in September 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting)
c)	Price(s) and volume(s)	Price(s)         Volume(s) $0.00             296     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kelly Baker
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)                     Volume(s) $0.00                         555     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Beckwitt
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in September 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting)
c)	Price(s) and volume(s)	Price(s)                     Volume(s) $0.00                         296     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Catherine Halligan
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)                Volume(s) $0.00                    556     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Brian May
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting)
c)	Price(s) and volume(s)	Price(s)                    Volume(s) £0.00                       685     GBP – British Pound
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   £0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James S. Metcalf
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)               Volume(s) $0.00                   557     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Murray
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting)
c)	Price(s) and volume(s)	Price(s)             Volume(s) $0.00                 717     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	No applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Thomas Schmitt
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)           Volume(s) $0.00               547     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nadia Shouraboura
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)            Volume(s) $0.00               556     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Suzanne Wood
2	Reason for the notification
a)	Position/status	Non-Employee Director
b)	Initial/Amendment notification	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ferguson Enterprises Inc.
b)	LEI	2138003JYQMRP3SLX189
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument   Identification code	Common stock of par value $0.0001 per share       ISIN: US31488V1070
b)	Nature of the transaction	The automatic vesting of restricted stock units granted in March 2024 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax)
c)	Price(s) and volume(s)	Price(s)              Volume(s) $0.00                 555     USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $0.00
e)	Date of the transaction	2024-12-05; UTC time
f)	Place of the transaction	Outside a Trading Venue

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241210520264/en/

Investor Inquiries:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Director of Investor Relations +1 757 603 0111

Media Inquiries:

Christine Dwyer, Senior Director Communications and Public Relations +1 757 469 5813

Source: Ferguson Enterprises Inc.

FAQ

When did Ferguson Enterprises (FERG) directors' restricted stock units vest in 2024?

The restricted stock units vested automatically on December 5, 2024.

How many shares did Ferguson (FERG) Board Chair Geoff Drabble receive in December 2024?

Geoff Drabble received 414 shares after tax withholding, which included 675 initial shares plus 10 dividend equivalent shares.

Which Ferguson (FERG) directors stepped down at the 2024 Annual Meeting?

Thomas Schmitt and Nadia Shouraboura stepped down as Non-Employee Directors at the 2024 Annual Meeting held on December 5, 2024.

When were the new Ferguson (FERG) directors Rekha Agrawal and Richard Beckwitt appointed?

Rekha Agrawal and Richard Beckwitt were appointed as Non-Employee Directors on September 19, 2024.