4/A: Ferguson Enterprises Executive Corrects Stock Option Price in Amended SEC Filing
SEC Filing
James A. Paisley, Chief Digital and Information Officer at Ferguson Enterprises, files an amended Form 4/A to correct the conversion/exercise price of stock options granted under the company's 2023 Omnibus Equity Incentive Plan.
Summary
- James A. Paisley, Chief Digital and Information Officer of Ferguson Enterprises Inc., filed an amended Form 4/A with the SEC.
- The amendment corrects an administrative error related to the conversion/exercise price of stock options.
- The stock options were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan.
- Paisley was granted options to buy 3,918 shares of common stock at an exercise price of $201.38.
- The options vest in three equal annual installments beginning on October 15, 2025, contingent upon continued service.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting an administrative error. It doesn't indicate any significant positive or negative news, but accuracy in reporting is always a positive.
Future Outlook
The stock options vest in three equal annual installments beginning on October 15, 2025, contingent upon continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and stock option grants, common in publicly traded companies.
Stakeholder Impact
- The correction of the stock option price ensures accurate reporting to shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of earliest transaction (stock option grant) |
| 10/15/2025 | First vesting date for stock options |
| 10/15/2034 | Expiration date of stock options |
| 10/16/2024 | Date of original filing and date of amendment filing |
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