Legence counsel has 653 shares withheld for taxes
Legence’s General Counsel had shares withheld for taxes on RSU vesting, a non-market disposition that modestly reduced directly held stock.
Rhea-AI Filing Summary
Legence Corp. (LGN) reported that its General Counsel & Secretary, Bryce Seki, had 653 shares of Class A common stock withheld on September 15, 2026 to satisfy tax withholding obligations upon vesting of Restricted Stock Units. These shares were valued at $53.03 per share, leaving 11,776 shares held directly afterward. 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
Seki Bryce
Role
General Counsel & Secretary
| 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 of withheld shares: $53.03 per share
Direct holdings after transaction: 11,776 shares
+1 more
4 metrics
Shares withheld for taxes
653 shares
Shares of Class A common stock withheld on September 15, 2026
Per-share value of withheld shares
$53.03 per share
Value used for the 653 shares delivered for tax withholding
Direct holdings after transaction
11,776 shares
Class A common stock held directly by Bryce Seki after withholding
ExercisePriceOrTaxLiability shares
653 shares
Total shares reported as delivered for tax liability payment
Key Terms
Restricted Stock Units, tax withholding obligations, Class A common stock
3 terms
Restricted Stock Units financial
"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"
Class A common stock financial
"shares of Legence Corp's Class A common stock, par value $0.01"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Legence Corp. (LGN) disclose for Bryce Seki?
Legence disclosed that General Counsel & Secretary Bryce Seki had 653 shares of Class A common stock withheld on September 15, 2026 to satisfy tax withholding obligations upon vesting of Restricted Stock Units.
Was the Legence Corp. (LGN) insider transaction made under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so this tax-withholding event for 653 shares was not reported as being made under a Rule 10b5-1 trading plan.
Was this Legence Corp. (LGN) insider transaction an open-market sale?
No. The filing describes the event as shares withheld to satisfy tax withholding obligations upon Restricted Stock Unit vesting, not as an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.