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The latest announcement is out from Ferguson PLC ( (FERG) ).
Ferguson Enterprises Inc. announced the issuance of restricted stock units to nine directors under its 2023 Omnibus Equity Incentive Plan. The awards, which do not require any consideration at allocation or vesting, will vest at the next annual stockholders’ meeting, subject to continued service. This move aligns with the company’s strategy to incentivize and retain its leadership, potentially strengthening its market position and aligning management interests with those of shareholders.
More about Ferguson PLC
Ferguson Enterprises Inc. operates in the industrial sector, focusing on the distribution of plumbing and heating products. The company serves a wide range of markets, including residential, commercial, and industrial sectors, providing essential products and services for construction and maintenance projects.
Learn more about FERG stock on TipRanks’ Stock Analysis page.