Legence officer has 653 shares withheld for tax
Legence Corp.’s Chief People and Technology Officer had shares withheld to cover taxes on RSU vesting, leaving him with 11,776 directly held shares.
Rhea-AI Filing Summary
Legence Corp. (LGN) reported that Chief People and Technology Officer Gregory Barnes had 653 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 Barnes now holds 11,776 shares directly. No Rule 10b5-1 trading plan is reported.
Positive
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Negative
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Insider Trade Summary
Tax Withholding: 653 shares
Tax Withholding
1 txn
Insider
Barnes Gregory
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 653 | $53.03 | $35K |
Holdings After Transaction:
Class A Common Stock — 11,776 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: 653 shares
Per-share value in transaction: $53.03 per share
Shares held after transaction: 11,776 shares
3 metrics
Shares withheld for taxes
653 shares
Class A common stock withheld on September 15, 2026 for tax obligations on RSU vesting
Per-share value in transaction
$53.03 per share
Value of Legence Corp. Class A shares used for tax withholding on September 15, 2026
Shares held after transaction
11,776 shares
Directly held Legence Corp. Class A shares by Gregory Barnes following the reported transaction
Key Terms
Restricted Stock Units, tax withholding obligations, par value
3 terms
Restricted Stock Units financial
"withheld to satisfy tax withholding obligations 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 of Restricted Stock Units"
par value financial
"Class A common stock, par value $0.01 per share, withheld"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LGN’s Chief People and Technology Officer report?
Gregory Barnes reported a withholding of 653 Class A shares of Legence Corp. on September 15, 2026. The shares were withheld to satisfy tax withholding obligations upon vesting of Restricted Stock Units, not as an open-market sale.
Was the LGN insider transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to the reported transaction by Gregory Barnes involving tax withholding on Restricted Stock Units.
AI-generated analysis. How Rhea-AI works. Not financial advice.