Legence CAO sells 4,196 shares at $54.06
Legence Corp.’s chief accounting officer exercised options and sold shares under a pre-arranged Rule 10b5-1 trading plan, leaving 8,393 stock options outstanding.
Rhea-AI Filing Summary
Legence Corp. (LGN) reported that Chief Accounting Officer Philippe Le Bris exercised employee stock options for 4,196 shares of Class A common stock at an exercise price of $28.00 per share on September 15, 2026, and sold 4,196 shares at $54.06 per share the same day.
The filing also reports 341 shares withheld at $53.03 per share to satisfy tax withholding obligations upon vesting of Restricted Stock Units, and that 8,393 stock options remain outstanding after the transactions. All reported trades occurred automatically under a Rule 10b5-1 trading plan adopted on June 16, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 4,196 shares ($109K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Le Bris Philippe
Role
Chief Accounting Officer
Sold
4,196 shs ($227K)
Approx. gross sale proceeds
$227K
Approx. exercise cost
$117K
Approx. pre-tax spread
$109K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Options F1, F3 | 4,196 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 4,196 | $28.00 | $117K |
| Sale | Class A Common Stock F1 | 4,196 | $54.06 | $227K |
| Tax Withholding | Class A Common Stock F2 | 341 | $53.03 | $18K |
Holdings After Transaction:
Employee Stock Options — 8,393 contracts (Direct);
Class A Common Stock — 5,807 shares (Direct)
Footnotes (3)
- F1. The reported transactions occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 06/16/2026.
- F2. 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.
- F3. The options vest in three substantially equal installments the first of which occurred on September 11, 2026. The second and third installments will vest on the second and third anniversaries of the date of the award, respectively, subject generally to continued employment through the applicable vesting date. The options expire on September 11, 2035, the tenth anniversary of the date of the award.
Key Figures
Options exercised: 4,196 shares
Exercise price: $28.00 per share
Shares sold: 4,196 shares
+5 more
8 metrics
Options exercised
4,196 shares
Employee stock options converted into Class A common stock on September 15, 2026
Exercise price
$28.00 per share
Exercise price for the 4,196 employee stock options
Shares sold
4,196 shares
Class A common stock sold on September 15, 2026
Sale price
$54.06 per share
Price for the 4,196 shares of Class A common stock sold
Shares withheld for taxes
341 shares
Class A common stock withheld to satisfy tax withholding on RSU vesting
Tax withholding price
$53.03 per share
Price used for shares withheld to cover tax obligations
Options remaining
8,393 options
Employee stock options outstanding after the reported exercise
Option expiration
September 11, 2035
Stated expiration date of the stock options
Key Terms
Rule 10b5-1 trading plan, Restricted Stock Units, tax withholding obligations, substantially equal installments
4 terms
Rule 10b5-1 trading plan regulatory
"The reported transactions occurred automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Restricted Stock Units financial
"withheld to satisfy tax withholding obligations 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 of Restricted Stock Units"
substantially equal installments financial
"The options vest in three substantially equal installments the first of which"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did Legence Corp. (LGN) report for Philippe Le Bris on September 15, 2026?
The chief accounting officer exercised options for 4,196 shares of Class A common stock at $28.00 per share, then sold 4,196 shares at $54.06 per share. In addition, 341 shares were withheld to cover tax obligations on Restricted Stock Units.
How many Legence Corp. (LGN) stock options does Philippe Le Bris hold after these transactions?
After the reported option exercise, Philippe Le Bris holds 8,393 employee stock options on Legence Corp.’s Class A common stock, as stated in the filing.
Were the Legence Corp. (LGN) insider transactions made under a Rule 10b5-1 plan?
Yes. The filing states that the reported transactions occurred automatically under a Rule 10b5-1 trading plan adopted by the reporting person on June 16, 2026.
What does the code F transaction for Legence Corp. (LGN) represent in this filing?
The code F transaction covers 341 shares of Class A common stock that were withheld to satisfy tax withholding obligations when Restricted Stock Units vested, at a price of $53.03 per share.
What are the key vesting and expiration terms of the Legence Corp. options in this filing?
The options vest in three substantially equal installments, with the first vesting on September 11, 2026 and the next two on the second and third anniversaries of the award date. They expire on September 11, 2035.
AI-generated analysis. How Rhea-AI works. Not financial advice.
