4/A: Ferguson Enterprises Executive Corrects Stock Option Price in Amended SEC Filing

Michael Jacobs, Senior VP of Supply Chain at Ferguson Enterprises, files an amended SEC Form 4/A to correct the conversion/exercise price of stock options granted under the company's 2023 Omnibus Equity Incentive Plan.

Summary

• Michael Jacobs, Senior VP of Supply Chain at Ferguson Enterprises, filed an amended SEC Form 4/A on October 16, 2024.
• The amendment corrects an administrative error in the conversion/exercise price of stock options granted on October 15, 2024.
• The stock options were granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan.
• The corrected exercise price is $201.38.
• The reporting person is entitled to receive 2,381 stock options in three equal annual installments beginning on October 15, 2025.
• Vesting is subject to continued service through the vesting dates, with prorated vesting from and after the grant date in the case of retirement eligibility.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor administrative error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Future Outlook

The reporting person will receive the stated amount of stock options in three equal annual installments beginning on October 15, 2025, subject to continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and stock option grants, common in publicly traded companies. It provides transparency into the equity-based compensation of key executives.

Stakeholder Impact

• Shareholders benefit from the increased transparency regarding executive compensation.

Key Dates