Thees William T. Jr 4

What Happened

• William T. Thees Jr., Chief Operating Officer of Ferguson Enterprises, received equity awards on 2026-03-12: 2,266 Restricted Stock Units (RSUs) and 4,653 stock options. Both were reported as awards/grants (transaction code A) with an acquisition price of $0.00 on the Form 4 filed 2026-03-13.
• These grants are compensation awards (not open-market purchases or sales) and do not represent immediate cash proceeds or exercised options.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 13, 2026 (appears timely).
• Reported amounts: 2,266 RSUs (common stock units) and 4,653 stock options (derivative security).
• Price reported: $0.00 (standard for grants/awards).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs vest in three equal annual installments beginning March 12, 2027, subject to continued service or eligible retirement. F2 — Stock options vest in three equal annual installments beginning March 12, 2027, subject to the same service/retirement conditions. Both grants are under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan.

Context

• RSUs are promises to deliver shares on vesting (no immediate share transfer); stock options are rights to buy shares in the future (exercise terms/strike price not provided in the excerpt). Neither award indicates an immediate purchase or sale of shares. These types of grants are routine executive compensation and should be viewed as deferred pay rather than an immediate endorsement or rejection of the stock.