Drabble Geoff 4

What Happened

• Geoff Drabble, Chair of the Board at Ferguson Enterprises (FERG), had 98 shares disposed on April 30, 2026 to satisfy a tax obligation (code F) at $255.08 per share, totaling $24,998. On the same date he was credited with 3 shares (code A) valued at $0 as dividend equivalents upon vesting of Restricted Stock Units.

Key Details

• Transaction date: April 30, 2026; filing date: May 4, 2026 (filed within the required 2 business days).
• Disposition: 98 shares at $255.08 each, proceeds $24,998 (tax withholding).
• Acquisition: 3 shares at $0.00 (dividend equivalents on RSU vesting).
• Shares owned after the transactions: not disclosed in this Form 4.
• Footnotes: F1 notes the shares were received as dividend equivalents upon RSU vesting; F2 provides a GBP→USD exchange rate used in related calculations.
• Transaction codes: A = Award/Acquisition; F = Payment of exercise price or tax liability.

Context

• This was not an open-market sale or a purchase — the 98-share disposition was a routine withholding to cover taxes related to equity vesting. Such tax-withholding transactions are common and do not by themselves indicate the insider’s view of the company's prospects.