Legence Corp. (LGN) CEO awarded new stock options and RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Legence Corp. reported that Chief Executive Officer Jeffrey Sprau received new equity awards. He was granted employee stock options for 63,177 shares of Class A common stock at an exercise price of $50.90 per share, with 63,177 underlying shares reported following the grant. He also received 34,167 shares of Class A common stock as a grant, bringing his direct common stock holdings to 96,667 shares after the transaction. The stock options and the underlying restricted stock units vest in three substantially equal annual installments on the first, second, and third anniversaries of the award date, generally conditioned on continued employment, and the options expire on the tenth anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sprau Jeffrey
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 63,177 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 34,167 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Options — 63,177 shares (Direct);
Class A Common Stock — 96,667 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) disclose for Jeffrey Sprau?
Legence Corp. disclosed that CEO Jeffrey Sprau received equity compensation grants, including stock options and Class A common shares. These awards are part of his compensation package and vest over time, aligning his interests with long-term company performance.
How many stock options did the Legence (LGN) CEO receive in this Form 4?
Jeffrey Sprau received employee stock options covering 63,177 shares of Legence Corp. Class A common stock at a $50.90 exercise price. These options vest in three substantially equal annual installments, subject generally to his continued employment through each vesting date.
What stock grants of Class A common stock were reported for Legence (LGN) CEO?
The filing shows Jeffrey Sprau was granted 34,167 shares of Legence Corp. Class A common stock. Following this grant, his direct holdings increased to 96,667 shares. The grant reflects restricted stock units that convert into shares as they vest over three years.
What is the vesting schedule for the Legence (LGN) CEO’s new equity awards?
Both the restricted stock units and the options vest in three substantially equal installments on the first, second, and third anniversaries of the award date. Vesting is generally conditioned on Jeffrey Sprau remaining employed with Legence Corp. through each applicable vesting date.
When do the Legence Corp. (LGN) CEO’s new stock options expire?
The stock options granted to CEO Jeffrey Sprau expire on the tenth anniversary of the award date. This long-dated expiration gives him a multi-year window to exercise the options once vested, subject to standard company and regulatory requirements.