Ferguson Enterprises: chief legal officer Ian T. Graham sold 6,355 shares

What happened

• Ian T. Graham, chief legal officer & corporate secretary, exercised or converted derivatives and received awards totaling 6,159 shares (2,050 shares from an exercise and 4,109 shares from a grant) and then disposed of 6,355 shares on Oct 12, 2026. Dispositions included 2,451 shares withheld to pay tax liabilities at $220.04 for $539,318 and 1,854 shares sold in the open market at $218.74 for $405,544; a separate derivative disposition of 2,050 shares was reported at $0.00.

Key details

• Transaction date: Oct 12, 2026. Exercise/conversion (M) 2,050 shares @ $0.00 (acquired); grant/award (A) 4,109 shares @ $0.00 (acquired). Tax withholding (F) 2,451 shares @ $220.04 for $539,318. Open-market sale (S) 1,854 shares @ $218.74 for $405,544. Derivative disposition (M) 2,050 shares @ $0.00 (disposed).
• Shares owned after the transaction: the filing does not state shares owned after the transaction.
• Footnotes: F1 states the common stock was received in settlement of a conditional share award that vested on Oct 12, 2026. F2 states the common stock was received in settlement of an Oct 12, 2023 grant under the Ferguson performance plan after certification of performance on Sep 14, 2026. F3 states the open-market sale was effected pursuant to a Rule 10b5-1 trading plan established May 27, 2026.
• Form 4 filed on Oct 14, 2026.

Why it may matter

• The filing shows exercised or converted derivative awards and awards were settled into common stock, with shares withheld to satisfy tax liabilities and additional shares sold in the open market under a 10b5-1 plan, consistent with a net (cashless) settlement pattern.
• A filing does not show why the insider traded or why the company acted.