Graham Ian T. 4

What Happened Ian T. Graham, Chief Legal Officer & Corporate Secretary of Ferguson Enterprises, was granted equity awards on March 12, 2026: 1,942 restricted stock units (RSUs) and 3,988 stock options. Both grants are reported at $0.00 (typical for awards) and represent compensation grants rather than open-market purchases or sales.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 13, 2026 (timely).
• Grants reported: 1,942 RSUs (reported as acquired at $0.00) and 3,988 stock options (reported as derivative grant at $0.00).
• Vesting: Both awards vest in three equal annual installments beginning March 12, 2027, subject to continued service (see footnotes F1 and F2) and retirement eligibility where applicable.
• Shares owned after transaction: Not specified in the provided filing.
• Transaction code: A = Award/Grant (not a purchase or sale).

Context These awards are standard equity compensation and do not involve immediate cash proceeds or open-market trading. The stock options are a grant of the right to acquire shares in the future (subject to vesting), and the RSUs convert to common shares on their vesting dates if the insider remains employed or eligible for retirement. Such grants are commonly used for retention and alignment with shareholders rather than as direct signals to buy or sell stock.