Ferguson Enterprises CEO Kevin Murphy Sells Shares Under Rule 10b5-1 Plan

Executive Summary

On October 16, 2026, Ferguson Enterprises Inc. ($FERG) filed a Form 4 disclosing transactions by President and Chief Executive Officer Kevin Michael Murphy. Across October 14 and 15, 2026, Mr. Murphy executed open-market sales totaling 2,461 common shares for aggregate gross proceeds of approximately $549,844 pursuant to a pre-arranged Rule 10b5-1 trading plan. In addition, 3,111 shares were withheld to satisfy tax obligations tied to vesting equity awards, and 149 shares were acquired as dividend equivalents on restricted stock units.

Transaction Breakdown

• 10b5-1 Sales:
  • October 14, 2026: Sold 685 shares at $220.63 per share ($151,131.55).
  • October 15, 2026: Sold 1,776 shares at $224.50 per share ($398,712.00).
  • Notes: Sales were executed under a Rule 10b5-1 trading plan established on June 5, 2026.
• Tax Withholdings (Code F):
  • October 14, 2026: 866 shares withheld at $222.86 per share ($192,996.76).
  • October 15, 2026: 2,245 shares withheld at $222.94 per share ($500,500.30).
• Dividend Equivalents (Code A):
  • Acquired 13 shares on October 14 and 136 shares on October 15 upon vesting of RSUs at $0.00.

Holdings & Market Impact

Following these transactions, Mr. Murphy retains direct ownership of 168,440 shares of Ferguson Enterprises common stock. Given that the sales represented less than 1.5% of his overall direct holdings and were executed under a pre-established 10b5-1 trading plan alongside routine tax withholding, the market significance of this filing is assessed as Low.