Ferguson Enterprises Inc DE
For the period ended Dec 5, 2024. Filed Oct 15, 2024.
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Dec 5, 2024 · Filed Oct 15, 2024
Contents
Bonus Program Adjustments
Set forth below are the target bonus opportunity increases approved for fiscal year 2025.
| Named Executive Officer | Fiscal 2024 Target BonusOpportunity(as % of Base Salary) | Fiscal 2025 Target BonusOpportunity(as % of Base Salary) |
|---|---|---|
| Kevin Murphy | 150% | 160% |
| Bill Brundage | 95% | 100% |
| Ian Graham | 75% | 75% |
| Bill Thees | 75% | 75% |
In addition, while the Bonus Program metrics will remain the same with the same weighting (adjusted operating profit (70%), cash to cash days (20%) and ESG scorecard metrics (10%)), certain adjustments were approved with respect to the achievement levels applied: (i) for adjusted operating profit, the performance threshold was reduced from 92% of target to 90% of target and the maximum was increased from 108% of target to 110% of target; and (ii) for adjusted operating profit and cash to cash days, the threshold payout was changed from paying out 33% (CEO), 56% (CFO) and 60% for our other Executive Officers to 50% for all Executive Officers, target remains at 100% and maximum was changed from paying out 170% (CEO and CFO) and 140% (other Executive Officers) to 200% for all Executive Officers.
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