Legence (LGN) Insider Grants 8,036 RSUs to Bryce Seki, Vesting Over 3 Years

Rhea-AI Filing Summary

Legence Corp. insider reported an award of 8,036 Restricted Stock Units (RSUs) on 09/15/2025 to Bryce Seki, General Counsel & Secretary. Each RSU converts to one share of Class A common stock at vesting and carries no purchase price. The RSUs vest in three substantially equal installments on each of the first, second and third anniversaries of the award date, subject generally to continued employment through each vesting date. Following the grant, the reporting person beneficially owns 8,036 shares of Class A common stock.

Positive

• Grant of 8,036 RSUs to a senior officer aligns executive incentives with shareholder value
• Three-year vesting spreads retention incentive and potential dilution over multiple years

Negative

• No material negative items disclosed in this Form 4; filing reports a routine equity award

Insights

Corporate Governance Expert

TL;DR: Routine equity compensation awarded to a senior officer; standard time-based vesting, not immediately dilutive beyond future vesting.

The Form 4 discloses a time-based grant of 8,036 RSUs to the company's General Counsel & Secretary. The award vests over three years in substantially equal installments, aligning executive retention incentives with service rather than immediate transfer of shares. The filing reports a beneficial ownership position of 8,036 Class A shares post-grant. There is no exercise price and no accelerated vesting or derivative transactions disclosed. From a governance perspective, this appears to be a standard compensation action without disclosed performance conditions or material deviations from common equity award terms.

Securities/Compensation Analyst

TL;DR: Compensation grant is routine and time-based; impact on outstanding shares depends on future vesting and settlement mechanics.

The report indicates the grant is denominated as RSUs convertible one-for-one into Class A common stock at vesting and that the recipient beneficially owns 8,036 shares after the award. The vesting schedule—three substantially equal annual installments—spreads potential dilution across three years. The Form 4 does not disclose cash settlement, tax withholding method, or whether shares will be net-settled, so the exact future share issuance timeline and dilution magnitude cannot be determined from this filing alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Seki Bryce

(Last) (First) (Middle)

C/O LEGENCE CORP.

1601 LAS PLUMAS AVENUE

(Street)

SAN JOSE CA 95133

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Legence Corp. [ LGN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock(1)	09/15/2025		A		8,036	A	$0	8,036	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

	/s/ Bryce Seki	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Bryce Seki report on Form 4 for LGN?

The filing reports an award of 8,036 Restricted Stock Units (RSUs) granted on 09/15/2025.

How do the RSUs for LGN vest?

The RSUs vest in three substantially equal installments on each of the first, second and third anniversaries of the award date, subject to continued employment.

What does each RSU convert into for LGN?

Each RSU entitles the reporting person to receive upon vesting.

Does the Form 4 show a purchase price for the award?

No. The Form 4 lists a price of $0, indicating the RSUs are granted without a purchase price and convert to shares at vesting.

How many Class A shares does the reporting person beneficially own after the transaction?

The filing reports the reporting person beneficially owns 8,036 shares following the reported transaction.