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

Rhea-AI Summary

Ferguson Enterprises Inc. (FERG) reported transactions by Persons Discharging Managerial Responsibilities (PDMRs) in the company's common stock. On October 14, 2024, conditional shares granted under the LTIP, OSP, and POSP in October 2021 automatically vested. Nine PDMRs sold shares on the same day. On October 15, 2024, the company granted Performance Awards, Restricted Stock Unit Awards, and Non-Qualified Stock Option Awards under the 2023 Omnibus Equity Incentive Plan. The press release details transactions for several executives, including CEO Kevin Murphy, CFO William Brundage, and other senior leaders, specifying the number of shares vested, sold, and granted under various plans.

Positive

• Automatic vesting of conditional shares for multiple executives, indicating alignment with long-term incentive plans
• Granting of new equity awards (Performance Awards, Restricted Stock Units, and Non-Qualified Stock Options) to key executives, potentially improving retention and performance motivation

Negative

• Multiple executives selling shares on the vesting date, which could be perceived negatively by the market

Insights

Financial Analyst

This regulatory filing details significant insider transactions and equity compensation awards for Ferguson Enterprises Inc. executives. Key points include:

• Vesting of previously granted long-term incentive awards for multiple executives, including CEO Kevin Murphy receiving 16,355 shares.
• Sale of shares by several executives, with CEO Murphy selling 10,000 shares for $2,013,500.
• New grants under the 2023 Omnibus Equity Incentive Plan, including restricted stock units, performance stock units and stock options. CEO Murphy received 14,524 RSUs, 48,414 PSUs and 30,991 options.
• Similar awards were granted to other executives like the CFO and CLO, aligning their interests with shareholders.

These transactions indicate ongoing executive compensation practices and insider activity. The vesting and new grants suggest continued focus on long-term incentives, while the share sales could be for personal financial planning. Overall, this appears to be routine equity compensation activity for a large public company.

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 the Ferguson Enterprises Inc. Long Term Incentive Plan 2019 (“LTIP”), Ferguson Enterprises Inc. Ordinary Share Plan 2019 (“OSP”) and Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019 (“POSP”) (together, “the Plans”)

The conditional shares granted under the Plans on October 14, 2021, automatically vested on October 14, 2024. The LTIP was subject to a dividend equivalent accrual. All resulting shares were released for nil consideration.

Following the vesting, nine PDMRs sold shares on October 14, 2024.

Awards made under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (“Omnibus Plan”)

On October 15, 2024, the Company granted Performance Awards, Restricted Stock Unit Awards and Non-Qualified Stock Option Awards under the Omnibus Plan. Details of the vesting criteria and performance conditions attached to the awards will be disclosed at the appropriate time in the relevant public disclosures required to be made by the Company.

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 details.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kevin Murphy
2	Reason for the notification
a)	Position/status	President & Chief Executive 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	1. The automatic vesting of a conditional share award granted in October 2021 under the LTIP (including dividend equivalents arising from the vesting and after withholding for tax) 2. The sale of Common stock of par value $0.0001 per share 3. A grant of Restricted Stock Units under the Omnibus Plan 4. A grant of Performance Stock Units under the Omnibus Plan 5. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of LTIP       Price(s)    Volume(s)      $0.00        16,355   2. Sale      Price(s)     Volume(s)     $201.35     10,000   3. Grant of Restricted Stock Units     Price(s)     Volume(s)     $0.00         14,524   4. Grant of Performance Stock Units      Price(s)     Volume(s)      $0.00        48,414   5. Grant of Non-Qualified Stock Options      Price(s)     Volume(s)      $0.00        30,991   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of LTIP     Volume(s)         Price(s)     Not applicable   $0.00   2. Sale      Volume(s)        Price(s)      Not applicable  $2,013,500.00   3. Grant of Restricted Stock Units      Volume(s)        Price(s)      Not applicable  $0.00   4. Grant of Performance Stock Units      Volume(s)        Price(s)      Not applicable  $0.00   5. Grant of Non-Qualified Stock Options      Volume(s)        Price(s)      Not applicable  $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-15; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. New York Stock Exchange 3. Outside a Trading Venue 4. Outside a Trading Venue 5. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Brundage
2	Reason for the notification
a)	Position/status	Chief Financial 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	1. The automatic vesting of a conditional share award granted in October 2021 under the LTIP (including dividend equivalents arising from the vesting and after withholding for tax) 2. A grant of Restricted Stock Units under the Omnibus Plan 3. A grant of Performance Stock Units under the Omnibus Plan 4. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of LTIP     Price(s)    Volume(s)     $0.00        6,502   2. Grant of Restricted Stock Units     Price(s)    Volume(s)     $0.00        4,352   3. Grant of Performance Stock Units     Price(s)    Volume(s)     $0.00        14,508   4. Grant of Non-Qualified Stock Options     Price(s)    Volume(s)     $0.00        9,286   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of LTIP     Volume(s)        Price(s)     Not applicable  $0.00   2. Grant of Restricted Stock Units     Volume(s)        Price(s)     Not applicable  $0.00   3. Grant of Performance Stock Units     Volume(s)        Price(s)     Not applicable  $0.00   4. Grant of Non-Qualified Stock Options     Volume(s)        Price(s)     Not applicable  $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-15; UTC time 3. 2024-10-15; UTC time 4. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. Outside a Trading Venue 4. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Graham
2	Reason for the notification
a)	Position/status	Chief Legal Officer & Corporate Secretary
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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP     Price(s)       Volume(s)     $0.00           1,052   2. Vesting of POSP     Price(s)       Volume(s)     $0.00           4,726   3. Sale     Price(s)       Volume(s)     $201.3750   174     $201.2701   5,604   4. Grant of Restricted Stock Units     Price(s)        Volume(s)     $0.00            1,831   5. Grant of Performance Stock Units     Price(s)        Volume(s)     $0.00            6,104   6. Grant of Non-Qualified Stock Options     Price(s)        Volume(s)     $0.00            3,908   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP     Volume(s)          Price(s)     Not applicable    $0.00   2. Vesting of POSP     Volume(s)          Price(s)     Not applicable    $0.00   3. Sale     Volume(s)          Price(s)     5,778                 $1,162,956.89   4. Grant of Restricted Stock Units     Volume(s)          Price(s)     Not applicable    $0.00   5. Grant of Performance Stock Units     Volume(s)          Price(s)     Not applicable    $0.00   6. Grant of Non-Qualified Stock Options     Volume(s)          Price(s)     Not applicable    $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Jacobs
2	Reason for the notification
a)	Position/status	Senior Vice President
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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)          Volume(s)      $0.00              405   2. Vesting of POSP      Price(s)          Volume(s)      $0.00              1,816   3. Sale     Price(s)           Volume(s)     $201.0050       300     $200.9549       2,323     $200.9200       0.921   4. Grant of Restricted Stock Units      Price(s)          Volume(s)      $0.00              1,116   5. Grant of Performance Stock Units      Price(s)          Volume(s)      $0.00              3,720   6. Grant of Non-Qualified Stock Options      Price(s)          Volume(s)      $0.00              2,381   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP     Volume(s)         Price(s)     Not applicable   $0.00   2. Vesting of POSP     Volume(s)         Price(s)     Not applicable   $0.00   3. Sale     Volume(s)         Price(s)     2,623.92           $527,304.78   4. Grant of Restricted Stock Units      Volume(s)        Price(s)      Not applicable  $0.00   5. Grant of Performance Stock Units      Volume(s)        Price(s)      Not applicable  $0.00   6. Grant of Non-Qualified Stock Options      Volume(s)        Price(s)      Not applicable  $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP     Price(s)         Volume(s)     $0.00             603   2. Vesting of POSP     Price(s)         Volume(s)     $0.00             2,701   3. Sale     Price(s)         Volume(s)     $201.2400     1     $201.2000     1,467   4. Grant of Restricted Stock Units      Price(s)        Volume(s)      $0.00            1,077   5. Grant of Performance Stock Units      Price(s)        Volume(s)      $0.00            3,590   6. Grant of Non-Qualified Stock Options      Price(s)        Volume(s)      $0.00            2,298   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP     Volume(s)          Price(s)     Not applicable    $0.00   2. Vesting of POSP     Volume(s)          Price(s)     Not applicable    $0.00   3. Sale     Volume(s)          Price(s)     1,468                 $295,361.64   4. Grant of Restricted Stock Units      Volume(s)         Price(s)      Not applicable   $0.00   5. Grant of Performance Stock Units      Volume(s)         Price(s)      Not applicable   $0.00   6. Grant of Non-Qualified Stock Options      Volume(s)         Price(s)      Not applicable   $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Paisley
2	Reason for the notification
a)	Position/status	Chief Information and Technology 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	1. A grant of Restricted Stock Units under the Omnibus Plan 2. A grant of Performance Stock Units under the Omnibus Plan 3. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Grant of Restricted Stock Units      Price(s)     Volume(s)      $0.00         1,836   2. Grant of Performance Stock Units      Price(s)     Volume(s)      $0.00         6,122   3. Grant of Non-Qualified Stock Options      Price(s)      Volume(s)      $0.00          3,918   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Grant of Restricted Stock Units      Volume(s)         Price(s)      Not applicable   $0.00   2. Grant of Performance Stock Units      Volume(s)         Price(s)      Not applicable   $0.00   3. Grant of Non-Qualified Stock Options      Volume(s)         Price(s)      Not applicable   $0.00
e)	Date of the transaction	1. 2024-10-15; UTC time 2. 2024-10-15; UTC time 3. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jake Schlicher
2	Reason for the notification
a)	Position/status	Senior Vice President
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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)         Volume(s)      $0.00             810   2. Vesting of POSP      Price(s)         Volume(s)      $0.00             3,628   3. Sale      Price(s)         Volume(s)      $201.5550     100      $201.4819     2,150   4. Grant of Restricted Stock Units      Price(s)         Volume(s)      $0.00             1,676   5. Grant of Performance Stock Units      Price(s)         Volume(s)      $0.00             5,588   6. Grant of Non-Qualified Stock Options      Price(s)         Volume(s)      $0.00             3,576   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP     Volume(s)          Price(s)     Not applicable    $0.00   2. Vesting of POSP     Volume(s)          Price(s)     Not applicable    $0.00   3. Sale      Volume(s)         Price(s)      2,250                $453,341.5850   4. Grant of Restricted Stock Units      Volume(s)         Price(s)      Not applicable   $0.00   5. Grant of Performance Stock Units      Volume(s)         Price(s)      Not applicable   $0.00   6. Grant of Non-Qualified Stock Options      Volume(s)         Price(s)      Not applicable   $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Allison Stirrup
2	Reason for the notification
a)	Position/status	Chief Human Resources 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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)           Volume(s)      $0.00              198   2. Vesting of POSP      Price(s)           Volume(s)      $0.00               927   3. Sale      Price(s)           Volume(s)      $201.3100       193      $201.3000       150      $201.3200       200      $201.2900       46      $201.2640       100      $201.2600       39      $201.2700       35      $201.2501       200      $201.2508       30   4. Grant of Restricted Stock Units      Price(s)           Volume(s)      $0.00               893   5. Grant of Performance Stock Units      Price(s)           Volume(s)      $0.00               2,978   6. Grant of Non-Qualified Stock Options      Price(s)           Volume(s)      $0.00               1,907   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP     Volume(s)          Price(s)     Not applicable    $0.00   2. Vesting of POSP     Volume(s)          Price(s)     Not applicable    $0.00   3. Sale     Volume(s)          Price(s)     993                    $199,878.7040   4. Grant of Restricted Stock Units     Volume(s)          Price(s)     Not applicable    $0.00   5. Grant of Performance Stock Units     Volume(s)          Price(s)     Not applicable    $0.00   6. Grant of Non-Qualified Stock Options     Volume(s)          Price(s)     Not applicable    $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Stirrup
2	Reason for the notification
a)	Position/status	This notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities being Allison Stirrup, Chief Human Resources 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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. A grant of Restricted Stock Units under the Omnibus Plan 4. A grant of Performance Stock Units under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)     Volume(s)      $0.00         35   2. Vesting of POSP      Price(s)     Volume(s)      $0.00         168   3. Grant of Restricted Stock Units      Price(s)     Volume(s)      $0.00         62   4. Grant of Performance Stock Units      Price(s)     Volume(s)      $0.00         290   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP     Volume(s)          Price(s)     Not applicable    $0.00   2. Vesting of POSP     Volume(s)          Price(s)     Not applicable    $0.00   3. Grant of Restricted Stock Units     Volume(s)          Price(s)     Not applicable    $0.00   4. Grant of Performance Stock Units     Volume(s)          Price(s)     Not applicable    $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-15; UTC time 4. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. Outside a Trading Venue 4. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Thees
2	Reason for the notification
a)	Position/status	Senior Vice President
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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)         Volume(s)      $0.00             933   2. Vesting of POSP      Price(s)         Volume(s)      $0.00             4,178   3. Sale      Price(s)         Volume(s)      $201.0700     446      $201.0500     178      $201.0200     1      $201.0100     10      $201.0000     61      $200.9900     711      $200.9700     2      $200.9501     3,702   4. Grant of Restricted Stock Units      Price(s)         Volume(s)      $0.00             1,874   5. Grant of Performance Stock Units      Price(s)          Volume(s)      $0.00              6,248   6. Grant of Non-Qualified Stock Options      Price(s)          Volume(s)      $0.00              4,000   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP      Volume(s)          Price(s)      Not applicable    $0.00   2. Vesting of POSP      Volume(s)          Price(s)      Not applicable    $0.00   3. Sale      Volume(s)          Price(s)      5,111                 $1,027,159.3402   4. Grant of Restricted Stock Units      Volume(s)          Price(s)      Not applicable    $0.00   5. Grant of Performance Stock Units      Volume(s)          Price(s)      Not applicable    $0.00   6. Grant of Non-Qualified Stock Options      Volume(s)          Price(s)      Not applicable   $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Williams
2	Reason for the notification
a)	Position/status	Senior Vice President
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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan 6. A grant of Non-Qualified Stock Options under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)            Volume(s)       $0.00               373   2. Vesting of POSP      Price(s)            Volume(s)       $0.00               1,745   3. Sale      Price(s)            Volume(s)      $201.2193        1,118   4. Grant of Restricted Stock Units      Price(s)            Volume(s)      $0.00                1,638   5. Grant of Performance Stock Units      Price(s)            Volume(s)      $0.00                5,460   6. Grant of Non-Qualified Stock Options      Price(s)            Volume(s)      $0.00                3,495   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP      Volume(s)          Price(s)      Not applicable    $0.00   2. Vesting of POSP      Volume(s)          Price(s)      Not applicable    $0.00   3. Sale      Volume(s)          Price(s)      Not applicable    $224,963.1774   4. Grant of Restricted Stock Units      Volume(s)          Price(s)      Not applicable    $0.00   5. Grant of Performance Stock Units      Volume(s)          Price(s)      Not applicable    $0.00   6. Grant of Non-Qualified Stock Options      Volume(s)          Price(s)      Not applicable   $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time 6. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue 6. Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Winckler
2	Reason for the notification
a)	Position/status	Chief Accounting 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	1. The automatic vesting of a conditional share award granted in October 2021 under the OSP (after withholding for tax) 2. The automatic vesting of a conditional share award granted in October 2021 under the POSP (after withholding for tax) 3. The sale of Common stock of par value $0.0001 per share 4. A grant of Restricted Stock Units under the Omnibus Plan 5. A grant of Performance Stock Units under the Omnibus Plan
c)	Price(s) and volume(s)	1. Vesting of OSP      Price(s)         Volume(s)      $0.00            233   2. Vesting of POSP      Price(s)         Volume(s)      $0.00            1,092   3. Sale      Price(s)         Volume(s)      $201.7600    1      $201.7500    1,324   4. Grant of Restricted Stock Units      Price(s)         Volume(s)      $0.00            458   5. Grant of Performance Stock Units      Price(s)         Volume(s)      $0.00            2,140   USD - US Dollars
d)	Aggregated information   - Aggregated volume   - Price	1. Vesting of OSP      Volume(s)          Price(s)      Not applicable    $0.00   2. Vesting of POSP      Volume(s)          Price(s)      Not applicable    $0.00   3. Sale      Volume(s)          Price(s)      1,325                 $267,318.76   4. Grant of Restricted Stock Units      Volume(s)          Price(s)      Not applicable    $0.00   5. Grant of Performance Stock Units      Volume(s)          Price(s)      Not applicable    $0.00
e)	Date of the transaction	1. 2024-10-14; UTC time 2. 2024-10-14; UTC time 3. 2024-10-14; UTC time 4. 2024-10-15; UTC time 5. 2024-10-15; UTC time
f)	Place of the transaction	1. Outside a Trading Venue 2. Outside a Trading Venue 3. New York Stock Exchange 4. Outside a Trading Venue 5. Outside a Trading Venue

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241018468600/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 the conditional shares granted under Ferguson's long-term incentive plans vest?

The conditional shares granted under Ferguson's long-term incentive plans (LTIP, OSP, and POSP) on October 14, 2021, automatically vested on October 14, 2024.

What new equity awards did Ferguson Enterprises (FERG) grant to executives on October 15, 2024?

On October 15, 2024, Ferguson Enterprises (FERG) granted Performance Awards, Restricted Stock Unit Awards, and Non-Qualified Stock Option Awards under the 2023 Omnibus Equity Incentive Plan to executives.

How many Ferguson Enterprises (FERG) executives sold shares on October 14, 2024?

According to the press release, nine Persons Discharging Managerial Responsibilities (PDMRs) sold shares on October 14, 2024.

What was the sale price of shares sold by Ferguson's CEO Kevin Murphy on October 14, 2024?

Ferguson's CEO Kevin Murphy sold 10,000 shares at a price of $201.35 per share on October 14, 2024.