Ferguson PLC Announces Director/PDMR Shareholding
Ferguson plc announced the automatic vesting of conditional shares under its Long Term Incentive Plan (LTIP) on December 5, 2022. Key executives, including CEO Kevin Murphy, General Counsel Ian Graham, and Chief HR Officer Samantha Long, have vested a total of 46,760 shares, with the largest allocation being 43,625 shares to Murphy. These shares will be delivered to the executives in a forthcoming open period following the FY2023 Q1 results. This notification complies with the EU Market Abuse Regulation.
- Automatic vesting of 46,760 shares reflects alignment between executive performance and shareholder interests.
- Notification adherence to EU Market Abuse Regulation enhances transparency.
- None.
Ferguson plc ("Company")
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") IN ORDINARY SHARES OF 10p EACH IN THE COMPANY ("Shares")
WOKINGHAM, UK / ACCESSWIRE / December 7, 2022 / Ferguson Group Long Term Incentive Plan 2019 ("LTIP")
| PDMR/Executive Director | No. of Shares vesting |
K Murphy | 43,625 |
I Graham | 1,558 |
S Long | 1,577 |
The conditional share awards granted under the LTIP automatically vested on December 5, 2022. The vested shares will be delivered to the PDMR in the next available open period, after the FY2023 first quarter results are released.
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 | Kevin Murphy | |
2 | Reason for the notification | ||
a) | Position/status | 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 plc | |
b) | LEI | 213800DU1LGY3R2S2X42 | |
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
| Ordinary Shares of 10p each
| |
b) | Nature of the transaction | The automatic vesting of conditional shares granted in December 2019 under the Ferguson Group Long Term Incentive Plan 2019 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.00 | 43,625 | ||
| GBP - British Pound | |||
d) | Aggregated information - Aggregated volume - Price | Volume(s) | Price(s) |
| Not applicable | £0.00 | ||
e) | Date of the transaction | 2022-12-05; UTC time | |
f) | Place of the transaction | Outside a Trading Venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Ian Graham | |
2 | Reason for the notification | ||
a) | Position/status | General Counsel | |
b) | Initial/Amendment notification | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Ferguson plc | |
b) | LEI | 213800DU1LGY3R2S2X42 | |
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
| Ordinary Shares of 10p each
| |
b) | Nature of the transaction | The automatic vesting of conditional shares granted in December 2019 under the Ferguson Group Long Term Incentive Plan 2019 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.00 | 1,558 | ||
| GBP - British Pound | |||
d) | Aggregated information - Aggregated volume - Price | Volume(s) | Price(s) |
| Not applicable | £0.00 | ||
e) | Date of the transaction | 2022-12-05; UTC time | |
f) | Place of the transaction | Outside a Trading Venue | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Samantha Long | |
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 plc | |
b) | LEI | 213800DU1LGY3R2S2X42 | |
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
| Ordinary Shares of 10p each ISIN: JE00BJVNSS43 | |
b) | Nature of the transaction | The automatic vesting of conditional shares granted in December 2019 under the Ferguson Group Long Term Incentive Plan 2019 | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| £0.00 | 1,577 | ||
| GBP - British Pound | |||
d) | Aggregated information - Aggregated volume - Price | Volume(s) | Price(s) |
| Not applicable | £0.00 | ||
e) | Date of the transaction | 2022-12-05; UTC time | |
f) | Place of the transaction | Outside a Trading Venue | |
Graham Middlemiss, Company Secretary
Tel: +44 (0) 118 927 3800
December 7, 2022
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SOURCE: Ferguson PLC
View source version on accesswire.com:
https://www.accesswire.com/730642/Ferguson-PLC-Announces-DirectorPDMR-Shareholding
FAQ
What is the significance of Ferguson plc's share vesting announcement on December 7, 2022?
How many shares did Kevin Murphy vest under the Ferguson Group LTIP?
When did the conditional shares under Ferguson plc's LTIP vest?
Who are the executives involved in the Ferguson plc share vesting?
What regulations govern the share vesting notification by Ferguson plc?
