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Ferguson PLC ( (FERG) ) has issued an announcement.
Ferguson Enterprises has granted restricted stock units to nine board directors under its 2023 Omnibus Equity Incentive Plan, with individual awards ranging from 742 to 751 units and no cash consideration payable at grant or vesting. The awards, which carry no performance conditions, will vest at the next annual meeting of stockholders subject to continued board service, reinforcing equity-based governance incentives and aligning directors more closely with shareholder interests.
The company disclosed the grants in line with EU Market Abuse Regulation requirements as applied in the U.K., detailing each director’s allocation and confirming the transactions occurred outside a trading venue. While the issuance is modest in size, it underscores Ferguson’s ongoing use of stock-based compensation to support long-term oversight and may be viewed by investors as a standard governance practice that ties board remuneration to the company’s equity performance.
More about Ferguson PLC
Ferguson Enterprises Inc. is a U.S.-based distributor of plumbing and heating products, supplying contractors, trade professionals and building firms with infrastructure, waterworks and industrial supplies. The company operates across North America, focusing on construction, repair and maintenance markets where demand is closely linked to housing, commercial building and infrastructure activity.
For detailed information about FERG stock, go to TipRanks’ Stock Analysis page.