Ferguson plc (“Company”): Director/PDMR Shareholding

Rhea-AI Summary

Ferguson plc has announced the exercise of share options by multiple senior executives, including the CEO, CFO, CLO, CMO, and other senior VPs. This notification is in compliance with the EU Market Abuse Regulation, now part of UK law under the European Union (Withdrawal) Act 2018. Each executive exercised options for 84 ordinary shares at a price of $105.90 per share on May 29, 2024. This amounts to a total transaction value of $8,895.60 per executive. The transactions occurred outside a trading venue.

Positive

• Executives exercising share options indicates confidence in the company's future.
• The transactions were conducted in compliance with regulatory requirements, ensuring transparency.
• Consistent share option price of $105.90 reflects stability.

Negative

• The low volume of shares (84 per executive) may indicate insider confidence in significant stock price appreciation.
• Transactions conducted outside a trading venue might lack the market-driven price transparency.

WOKINGHAM, England--(BUSINESS WIRE)-- NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN ORDINARY SHARES OF 10p EACH IN THE COMPANY (“Shares”)

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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; UTC time
f)	Place of the transaction	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 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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; 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	Chief Legal 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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; UTC time
f)	Place of the transaction	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 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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; UTC time
f)	Place of the transaction	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 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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; UTC time
f)	Place of the transaction	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 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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; UTC time
f)	Place of the transaction	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 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   Identification code	Ordinary Shares of 10p each       ISIN: JE00BJVNSS43
b)	Nature of the transaction	The exercise of share options granted in April 2023 under the Ferguson Group Employee Share Purchase Plan 2021
c)	Price(s) and volume(s)	Price(s)      Volume(s) $105.90      84   USD - United States Dollar
d)	Aggregated information   - Aggregated volume   - Price	Not applicable   $8,895.60
e)	Date of the transaction	2024-05-29; UTC time
f)	Place of the transaction	Outside a Trading Venue

May 31, 2024

View source version on businesswire.com: https://www.businesswire.com/news/home/20240531433260/en/

Enquiries:

Kate McCormick, Company Secretary

Tel: +44 (0) 118 927 3827

Source: Ferguson plc

FAQ

What is the significance of Ferguson plc executives exercising share options?

The exercise of share options by Ferguson plc executives demonstrates their confidence in the company's future performance.

When did Ferguson plc executives exercise their share options?

The share options were exercised on May 29, 2024.

At what price were the Ferguson plc share options exercised?

The share options were exercised at a price of $105.90 per share.

What is the total value of the shares exercised by each Ferguson plc executive?

The total value of shares exercised by each executive is $8,895.60.

Were the Ferguson plc share transactions conducted within a trading venue?

No, the transactions were conducted outside a trading venue.