Schwartz Justin 4
4 · Legence Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Legence (LGN) CSO Justin Schwartz Receives RSU and Option Awards
What Happened Justin Schwartz, Chief Strategy Officer of Legence Corp. (LGN), received equity awards on March 16, 2026: 3,905 Restricted Stock Units (RSUs) and 7,220 derivative option awards. Both grants were reported at a $0.00 acquisition price (typical for compensation grants). Combined, the awards total 11,125 units, which will convert to/effectively represent common shares only as they vest.
Key Details
- Transaction dates and prices: 2026-03-16 grants; both reported at $0.00 acquisition price.
- Award breakdown: 3,905 RSUs (each converts to one share at vesting) and 7,220 stock options (derivative award).
- Vesting: Both awards vest in three substantially equal installments on the first, second and third anniversaries of the award date, subject to continued employment (per footnotes).
- Option terms: The options expire ten years from the grant date (per footnote).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Form 4 filed 2026-03-18 for a 2026-03-16 grant — appears to be filed within the standard reporting window (not marked late).
Context These grants are compensation awards (not open-market purchases or sales). RSUs convert to shares at vesting; the options will vest over three years and can be exercised thereafter (expire on the tenth anniversary). Such awards are common executive compensation and do not by themselves signal a buy or sell decision in the market.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-16+3,905→ 11,048 total - Award
Employee Stock Options
[F2]2026-03-16+7,220→ 7,220 totalExercise: $50.90→ Class A Common Stock (7,220 underlying)
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.