Legence Corp. (LGN) CAO receives stock option and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Legence Corp. Chief Accounting Officer Philippe Le Bris reported compensation-related equity awards rather than market trades. He received 3,610 employee stock options with an exercise price of $50.9000 per share, each tied to Class A common stock, and a separate grant of 1,952 Class A common shares as restricted stock units.
The restricted stock units and options vest in three substantially equal installments on each of the first, second and third anniversaries of the grant date, generally requiring continued employment through each vesting date. Following these awards, Le Bris directly holds 6,148 Class A common shares and 3,610 stock options, with the options expiring on the tenth anniversary of the award date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Le Bris Philippe
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 3,610 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,952 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 3,610 shares (Direct);
Class A Common Stock — 6,148 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 transaction did Legence Corp. (LGN) report for Philippe Le Bris?
Legence Corp. reported that Chief Accounting Officer Philippe Le Bris received equity awards, not open-market trades. He was granted 3,610 employee stock options and 1,952 Class A common shares as restricted stock units, reflecting routine executive compensation rather than a discretionary stock purchase or sale.
How many Legence (LGN) stock options were granted to Philippe Le Bris and at what price?
Philippe Le Bris was granted 3,610 employee stock options linked to Legence Corp. Class A common stock. Each option has an exercise price of $50.9000 per share, meaning he can buy shares at that price once the options vest, subject to the award’s terms.
What restricted stock unit (RSU) award did Philippe Le Bris receive from Legence Corp. (LGN)?
Philippe Le Bris received 1,952 Class A common shares in the form of restricted stock units. Each RSU entitles him to one share at vesting, with the units vesting in three substantially equal annual installments, generally contingent on his continued employment through each vesting date.
What is the vesting schedule for Philippe Le Bris’s Legence (LGN) equity awards?
Both the restricted stock units and the stock options vest in three substantially equal installments. Vesting occurs on each of the first, second, and third anniversaries of the grant date, and generally requires Philippe Le Bris to remain employed through each respective vesting date.
When do Philippe Le Bris’s Legence (LGN) stock options expire?
The employee stock options granted to Philippe Le Bris expire on the tenth anniversary of the award date. If not exercised by that time, the options terminate, meaning any unexercised options after that date will no longer provide the right to purchase Legence Class A shares.