Legence (LGN) COO receives stock option and RSU awards in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Legence Corp. Chief Operating Officer Stephen Dale Hansen received new equity compensation. He was granted 15,343 employee stock options with an exercise price of $50.90 per share and 8,298 Restricted Stock Units, both vesting in three equal annual installments, generally contingent on continued employment.
Following the grant, Hansen directly holds 25,262 shares of Class A common stock and 15,343 options, aligning his compensation more closely with the company’s future share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hansen Stephen Dale
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 15,343 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 8,298 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 15,343 shares (Direct);
Class A Common Stock — 25,262 shares (Direct)
Footnotes (1)
- The reported securities represent an award of Restricted Stock Units, which each entitle the reporting person to receive, at vesting, one share of Legence Corp.'s Class A common stock, par value $0.01 per share. The Restricted Stock Units vest in three substantially equal installments on each of the first, second and third anniversaries of the date of the award, subject generally to continued employment through the applicable vesting date. The options will vest in three substantially equal installments on each of the first, second and third anniversaries of the date of the award, subject generally to continued employment through the applicable vesting date. The options expire on the tenth anniversary of the date of the award.
FAQ
What insider transactions did Legence Corp. (LGN) report for Stephen Dale Hansen?
Legence reported that Chief Operating Officer Stephen Dale Hansen received equity awards, not open-market trades. He was granted 15,343 employee stock options and 8,298 Restricted Stock Units as compensation, increasing his direct ownership and aligning incentives with future Class A common stock performance.
How many stock options and RSUs did the Legence (LGN) COO receive?
Hansen received 15,343 employee stock options and 8,298 Restricted Stock Units. Each RSU entitles him to one share of Class A common stock at vesting, while the options allow future share purchases at a fixed exercise price, subject to the vesting schedule and continued employment conditions.
What is the vesting schedule for the new Legence (LGN) COO equity awards?
Both the Restricted Stock Units and the stock options vest in three substantially equal installments on the first, second, and third anniversaries of the award date. Vesting generally requires that Stephen Dale Hansen remain employed through each applicable anniversary to receive the corresponding portion of the awards.
What is the exercise price and expiration for the Legence (LGN) COO stock options?
The 15,343 employee stock options granted to Hansen carry an exercise price of $50.90 per share. These options vest over three years and expire on the tenth anniversary of the award date, providing a long-term incentive tied to future Class A common stock value.
Were the Legence (LGN) COO transactions open-market purchases or compensation grants?
The reported transactions are compensation-related grants, not market purchases. Both entries carry transaction code “A,” indicating awards or other acquisitions. They represent a grant of stock options and Restricted Stock Units, issued at no cash cost per share on the grant date to the executive.