Legence Corp. (LGN) grants GC stock options and RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Legence Corp. General Counsel & Secretary Seki Bryce received new equity awards as part of compensation. On the award date, Bryce was granted 4,393 shares of Class A common stock in the form of restricted stock units and 8,123 employee stock options with an exercise price of $50.90 per share.
The restricted stock units each convert into one share of Class A common stock and vest in three substantially equal installments on the first, second, and third anniversaries of the grant, subject to continued employment. The options vest on the same three-year schedule and expire on the tenth anniversary of the grant date. Following these awards, Bryce directly holds 12,429 shares of Class A common stock and 8,123 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Seki Bryce
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 8,123 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 4,393 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 8,123 shares (Direct);
Class A Common Stock — 12,429 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 Seki Bryce?
Legence Corp. reported that General Counsel & Secretary Seki Bryce received grants of 4,393 restricted stock units and 8,123 employee stock options. Both awards are compensation-related equity grants, not open-market purchases or sales of existing shares.
How many Legence Corp. (LGN) stock options were granted to Seki Bryce?
Seki Bryce was granted 8,123 employee stock options for Legence Corp. Class A common stock at an exercise price of $50.90 per share. These options vest in three equal annual installments and expire on the tenth anniversary of the grant date.
What restricted stock units did Seki Bryce receive from Legence Corp. (LGN)?
Seki Bryce received 4,393 restricted stock units that each entitle him to one share of Legence Corp. Class A common stock at vesting. The units vest in three substantially equal installments over three years, subject to continued employment.
What are the vesting terms for Seki Bryce’s Legence Corp. (LGN) equity awards?
Both the restricted stock units and the stock options granted to Seki Bryce vest in three substantially equal installments on the first, second, and third anniversaries of the award date, provided he remains employed through each applicable vesting date.
When do Seki Bryce’s Legence Corp. (LGN) stock options expire?
The employee stock options granted to Seki Bryce expire on the tenth anniversary of the award date. If not exercised by that time, they lapse, meaning the right to buy shares at the $50.90 exercise price ends.