Ferguson Enterprises CFO William Brundage Sells $1.31M Under 10b5-1 Plan Following Equity Vesting

Executive Summary

On October 14, 2026, William Brundage, Chief Financial Officer and Director of Ferguson Enterprises Inc. ($FERG), filed a Form 4 disclosing multiple transactions completed on October 12, 2026. The insider acquired shares via performance plan vesting, surrendered shares for tax obligations, and executed an open-market sale of 5,986 shares pursuant to a pre-established Rule 10b5-1 trading plan.

Transaction Breakdown

1. Equity Award Settlement: Acquired 8,928 shares of Common Stock at $0.00 in settlement of an October 12, 2023 LTIP grant, including 439 shares from dividend equivalents.
2. Tax Withholding: Disposed of 5,925 shares at $220.04 per share ($1,303,737 total) to cover tax liabilities upon vesting.
3. Dividend Equivalents: Acquired 172 shares at $0.00 received as dividend equivalents upon vesting of Restricted Stock Units.
4. Open Market Sale: Sold 5,986 shares at $218.74 per share for gross proceeds of $1,309,377.64 under a Rule 10b5-1 plan established on May 20, 2026.

Holdings Post-Transaction

Following all reported transactions, William Brundage directly owns 54,908 shares of Ferguson Enterprises Inc. Common Stock.

Market Significance

This transaction carries Medium significance. While the open-market sale involves a substantial dollar value (~$1.31M), it was conducted pursuant to an affirmative Rule 10b5-1 trading plan established five months prior, coinciding with substantial equity award vestings and standard tax withholdings.