Ferguson Enterprises Chief Strategy Officer Sells $686K Under Rule 10b5-1 Plan Post-Vesting

Executive Summary

On October 12, 2026, Jake Schlicher, Chief Strategy Officer of Ferguson Enterprises Inc. (FERG), engaged in multiple equity transactions involving vesting, tax withholding, and an open-market sale under a Rule 10b5-1 trading plan.

Transaction Summary

1. Equity Vesting & Settlements:

   • Conditional Share Award Settlement (Code M): Acquired 1,876 shares upon vesting at $0.00.
   • Performance Share Plan Settlement (Code A): Received 3,761 shares under the Performance Ordinary Share Plan 2019 following compensation committee performance certification on September 14, 2026.
   • Total Shares Received: 5,637 shares.

2. Tax Withholding (Code F):

   • Withheld 2,499 shares at $220.04 per share ($549,879.96 total) to cover tax liabilities associated with the vestings.

3. Open Market Sale (Code S):

   • Sold 3,138 shares at $218.74 per share, realizing proceeds of $686,406.12.
   • Executed under a pre-established Rule 10b5-1 plan adopted on May 13, 2026.

Holdings Context

Following these transactions, Schlicher holds 9,490 shares of Ferguson Enterprises common stock directly. The combination of award settlements, tax coverage, and pre-scheduled sales resulted in a modest net change in direct ownership relative to his pre-vesting balance of 9,490 shares.

Market & Governance Impact

Given that the sale was executed pursuant to a Rule 10b5-1 trading plan established five months prior, and coincides with the settlement of long-term incentive awards, this transaction reflects routine executive compensation liquidity rather than discretionary market timing.