Legence CEO receives stock option and RSU grants
Legence Corp. reported that Chief Executive Officer Jeffrey Sprau received new equity awards.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 63,177 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 34,167 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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?
How many stock options did the Legence (LGN) CEO receive in this Form 4?
What stock grants of Class A common stock were reported for Legence (LGN) CEO?
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When do the Legence Corp. (LGN) CEO’s new stock options expire?
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