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

Rhea-AI Summary

Ferguson Enterprises announced a transaction notification involving a Person Discharging Managerial Responsibilities (PDMR). Victoria Morrissey, the company's Chief Marketing Officer, sold 2,000 shares of common stock at a price of $177.00 per share, resulting in an aggregate transaction value of $354,000.00. The transaction took place on January 6, 2025 on the New York Stock Exchange. This disclosure was made in accordance with the EU Market Abuse Regulation as it forms part of UK law.

Insights

Financial Analyst

The Chief Marketing Officer's sale of $354,000 worth of shares (2,000 shares at $177.00 per share) represents a notable insider transaction. While insider sales can sometimes signal a lack of confidence, they often occur for personal financial planning reasons and shouldn't be over-interpreted. This transaction represents a relatively small portion of FERG's $34.5B market cap. The sale price at $177.00 is near the stock's recent trading range, suggesting neither a premium nor discount was sought. The timing of the sale in early January could be related to tax planning or personal portfolio rebalancing, which is common among executives at the start of a new year. Tracking insider transaction patterns over time provides more meaningful insights than isolated sales.

Market Research Analyst

The timing and volume of this insider transaction warrant attention within the broader context of Ferguson's market position. The sale by the CMO comes as the company maintains its strong position in the industrial distribution sector. The transaction price of $177.00 per share reflects current market valuations and the moderate size of the sale (2,000 shares) doesn't suggest any significant shift in executive confidence. Historical data shows that January typically sees increased insider trading activity across the market as executives adjust their holdings after the year-end trading restrictions lift. This transaction aligns with normal executive share management patterns and doesn't indicate any underlying concerns about Ferguson's business trajectory or market position.

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

The attached notification, which has 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), provides further detail.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Victoria Morrissey
2	Reason for the notification
a)	Position/status	Chief Marketing Officer
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 sale of common stock of par value $0.0001 per share
c)	Price(s) and volume(s)	Price(s)     Volume(s) $177.00     2,000   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $354,000.00
e)	Date of the transaction	2025-01-06; UTC time
f)	Place of the transaction	New York Stock Exchange

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250108190048/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

How many shares did Ferguson's CMO Victoria Morrissey sell on January 6, 2025?

Victoria Morrissey sold 2,000 shares of FERG at $177.00 per share, totaling $354,000.00.

What was the share price for FERG stock in the January 2025 insider transaction?

The FERG shares were sold at $177.00 per share.

When did Ferguson CMO Victoria Morrissey execute her stock sale?

The transaction was executed on January 6, 2025, on the New York Stock Exchange.

What was the total value of the FERG insider transaction in January 2025?

The total value of the transaction was $354,000.00.