Legence (LGN) CHRO receives new stock options and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Legence Corp. Chief Human Resources Officer Gregory Barnes reported equity compensation awards. He received 8,123 employee stock options with an exercise price of $50.90 per share, each option tied to Class A common stock.
He was also granted 4,393 shares of Class A common stock, reported as a grant/award. Both the options and the restricted stock units vest in three substantially equal installments on each of the first, second and third anniversaries of the award date, generally contingent on continued employment. Following the stock grant, Barnes directly owns 12,429 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barnes Gregory
Role
Chief Human Resources Officer
| 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 did Legence (LGN) executive Gregory Barnes report in this Form 4?
Gregory Barnes reported new equity compensation awards from Legence Corp.. He received 8,123 stock options at $50.90 per share and 4,393 shares of Class A common stock, all structured as grants rather than open-market purchases or sales.
Are the Legence (LGN) equity awards to Gregory Barnes immediately vested?
The equity awards to Gregory Barnes are not fully vested immediately. 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, generally requiring continued employment for vesting.
How many Legence (LGN) stock options did Gregory Barnes receive and at what price?
Gregory Barnes received 8,123 employee stock options linked to Legence Class A common stock. Each option carries an exercise price of $50.90 per share and will vest in three annual installments, with the options expiring on the tenth anniversary of the award date.
What are the key terms of Gregory Barnes’ Legence (LGN) restricted stock units?
The restricted stock units each entitle Gregory Barnes to receive one share of Legence Class A common stock at vesting. They vest in three substantially equal installments on the first, second and third anniversaries of the award date, subject generally to continued employment through each vesting date.