Murphy Kevin Michael 4

What Happened
Kevin Michael Murphy, President & Chief Executive Officer of Ferguson Enterprises (FERG), received equity awards on 2026-03-12: 13,923 Restricted Stock Units (RSUs) and 28,582 stock options. Both awards were reported as grants (transaction code A) with a reported price of $0 (company compensation awards), not purchases or sales.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (timely).
• Awards: 13,923 RSUs and 28,582 stock options; reported price $0 (awarded, not bought).
• Vesting: Both awards vest in three equal annual installments beginning March 12, 2027, subject to continued service or retirement eligibility (granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan).
• Derivative: The 28,582 units are stock options (derivative securities), not exercised—these give the right to acquire shares in the future if exercised.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
These grants are standard executive compensation—an award that vests over time rather than an immediate purchase or sale. Because the options were granted (not exercised) and RSUs will convert to shares only after vesting, there was no immediate change in Mr. Murphy’s liquid stock holdings or cash proceeds. Such awards are common for retaining and incentivizing executives and should be interpreted as compensation rather than a direct buy or sell signal.