Ferguson Enterprises Inc. /DE/

Our fiscal 2025 executive compensation program consists of the following elements:

•base salary;

•annual short-term incentive awards linked to our overall performance;

•annual grants of long-term, equity-based compensation, such as performance and restricted stock units and stock option awards;

•other executive benefits and perquisites; and

•employment agreements and change in control policy.

We combine these elements to formulate compensation packages that provide competitive pay and reward the achievement of financial, operational and strategic objectives that align the interests of our Executive Officers and other senior personnel with those of our shareholders. The Compensation Committee evaluates base salary, target short-term and long-term award opportunities and other plan design elements for our Executive Officers as discussed below. Differences in total compensation generally reflect the Executive Officer’s role, relevant experience, expertise, tenure and performance of the individual Executive Officer within their role.