Schwartz Justin 4

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.