Form 4: Ferguson Director to Acquire Shares via Dividends

Ferguson Enterprises Director Kelly A. Baker is scheduled to acquire 15 shares of common stock through dividend equivalents on December 3, 2025.

Summary

• Kelly A. Baker, a Director at Ferguson Enterprises Inc. (FERG), is scheduled to acquire 15 shares of common stock.
• The acquisition is planned for December 3, 2025.
• These shares will be received as dividend equivalents upon the vesting of Restricted Stock Units.
• The transaction price for these shares is $0.
• Following this planned transaction, Kelly A. Baker will beneficially own 2,863.1604 shares of Ferguson Enterprises Inc. common stock.
• The transaction is made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates a director's continued accumulation of shares through a routine compensation mechanism, aligning their interests with shareholders. It's a pre-planned, non-discretionary event, so the positive sentiment is mild.

Positives

• Director Kelly A. Baker is scheduled to increase her beneficial ownership in Ferguson Enterprises Inc. by 15 shares, demonstrating continued alignment with shareholder interests.
• The acquisition of shares through dividend equivalents upon vesting of Restricted Stock Units is a routine and expected part of executive compensation and retention programs.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the scheduled transaction itself.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context. It reflects an individual director's equity holdings and compensation structure within Ferguson Enterprises Inc.

Corporate Governance

Related Party Transactions

• The scheduled acquisition of 15 shares of common stock by Director Kelly A. Baker as dividend equivalents upon vesting of Restricted Stock Units is a transaction between a related party (director) and the issuer, disclosed as required by SEC regulations.

Stakeholder Impact

• **Shareholders**: The planned increase in director ownership, even through routine compensation, can be viewed as a positive signal of management's alignment with shareholder interests.
• **Employees**: The transaction reflects a standard component of executive compensation, which is part of the overall employee compensation structure.

Key Dates

Keywords

Ferguson Enterprises, FERG, SEC Form 4, Insider Trading, Director Stock Acquisition, Dividend Equivalents, Restricted Stock Units, Kelly A. Baker, Corporate Governance