Legence CHRO granted options and stock awards
Legence Corp. Chief Human Resources Officer Gregory Barnes reported equity compensation awards.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options | 8,123 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 4,393 | $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 did Legence (LGN) executive Gregory Barnes report in this Form 4?
Are the Legence (LGN) equity awards to Gregory Barnes immediately vested?
How many Legence (LGN) stock options did Gregory Barnes receive and at what price?
What are the key terms of Gregory Barnes’ Legence (LGN) restricted stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.