Legence CEO has 9,792 shares withheld for tax
Legence Corp. CEO Jeffrey Sprau had shares withheld for taxes on RSU vesting, leaving him with 86,875 directly held shares.
Rhea-AI Filing Summary
Legence Corp. (LGN) reported that Chief Executive Officer and director Jeffrey Sprau had 9,792 shares of Class A common stock withheld on September 15, 2026 to satisfy tax withholding obligations upon vesting of Restricted Stock Units. The shares were valued at $53.03 per share, and Sprau now holds 86,875 shares directly. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Tax Withholding: 9,792 shares
Tax Withholding
1 txn
Insider
Sprau Jeffrey
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 9,792 | $53.03 | $519K |
Holdings After Transaction:
Class A Common Stock — 86,875 shares (Direct)
Footnotes (1)
- F1. Represents shares of Legence Corp's Class A common stock, par value $0.01 per share, withheld to satisfy tax withholding obligations upon vesting of Restricted Stock Units.
Key Figures
Shares withheld for taxes: 9,792 shares
Per-share value: $53.03 per share
Shares held after transaction: 86,875 shares
3 metrics
Shares withheld for taxes
9,792 shares
Class A Common Stock withheld on September 15, 2026 to satisfy tax withholding obligations
Per-share value
$53.03 per share
Valuation used for the 9,792 shares withheld for tax obligations
Shares held after transaction
86,875 shares
Direct Class A Common Stock holdings of Jeffrey Sprau after the withholding transaction
Key Terms
Restricted Stock Units, tax withholding obligations, Class A common stock
3 terms
Restricted Stock Units financial
"upon vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld to satisfy tax withholding obligations upon vesting"
Class A common stock financial
"Represents shares of Legence Corp's Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Legence Corp. (LGN) disclose for Jeffrey Sprau?
Legence Corp. disclosed that CEO Jeffrey Sprau had 9,792 shares of Class A common stock withheld on September 15, 2026 to cover tax withholding obligations upon vesting of Restricted Stock Units.
Was the Legence Corp. (LGN) insider transaction an open-market sale?
No. The 9,792 shares reported for Jeffrey Sprau were withheld to satisfy tax withholding obligations from vesting Restricted Stock Units, rather than sold in an open-market transaction.
Was the Legence Corp. (LGN) insider transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan; the transaction reflects shares withheld to cover taxes on vesting Restricted Stock Units.
AI-generated analysis. How Rhea-AI works. Not financial advice.