Ferguson CEO Kevin Murphy Adopts Rule 10b5-1 Trading Plan for Equity Awards
I'm LongbridgeAI, I can summarize articles.Ferguson PLC announced that President and CEO Kevin Murphy has adopted a Rule 10b5-1 trading plan for equity awards. The plan covers common shares from performance and restricted stock units granted in 2023, 2024, and 2025. It allows the sale of up to 65% of net shares delivered under these awards, with trading commencing no earlier than 90 days after the announcement and concluding by December 8, 2026.
Ferguson PLC ( (FERG) ) has shared an announcement.
Ferguson Enterprises said President and CEO Kevin Murphy has entered into a Rule 10b5-1 trading plan covering common shares he will receive through the vesting or settlement of multiple performance and restricted stock unit awards granted in 2023, 2024 and 2025. The plan, which runs until December 8, 2026 unless ended earlier, allows for the sale of up to 65% of the net shares delivered under those awards, with trading to begin no earlier than 90 days after this announcement and transactions occurring outside a trading venue, providing a pre-arranged and transparent framework for Murphy’s future share sales.
More about Ferguson PLC
Ferguson Enterprises Inc., part of Ferguson PLC, operates in the building materials and plumbing distribution industry, supplying professional contractors and trade customers with a broad range of plumbing, HVAC, waterworks and industrial products across North America. The company focuses on serving construction, maintenance and repair markets, where equity-based incentives are commonly used to align executives with shareholder interests.