Ferguson Enterprises COO Executes Planned 10b5-1 Stock Sale Following Award Vesting

Executive Summary

On October 12, 2026, William T. Thees Jr., Chief Operating Officer of Ferguson Enterprises Inc. ($FERG), completed a series of equity-related transactions involving award vestings, tax withholding, and an open market sale under a Rule 10b5-1 plan.

Transaction Breakdown

1. Equity Award Vesting & Acquisition:

   • Conditional Share Award (Code M): Acquired 2,098 shares of Common Stock at $0 upon vesting of derivative conditional share awards.
   • Performance Ordinary Share Plan Settlement (Code A): Acquired 4,206 shares at $0 following performance certification on September 14, 2026, for an award granted on October 12, 2023.
   • Total Acquired: 6,304 shares.

2. Tax Withholding (Code F):

   • 2,794 shares were withheld by the issuer at $220.04 per share ($614,791.76 total value) to satisfy tax liabilities.

3. Rule 10b5-1 Sale (Code S):

   • Sold 3,510 shares on the open market at $220.00 per share, totaling $772,200.00.
   • The sale was executed under a pre-established Rule 10b5-1 trading plan adopted on May 27, 2026.

Impact on Ownership

Following all transactions, Thees holds 32,680 shares of Common Stock directly. Notably, the total number of shares acquired (6,304) exactly matches the total shares disposed of through tax withholding (2,794) and open market sales (3,510), leaving his net common stock position unchanged compared to prior to vesting.