Le Bris Philippe 4
4 · Legence Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Legence (LGN) Chief Accounting Officer Philippe Le Bris Receives RSUs & Options
What Happened
Philippe Le Bris, Chief Accounting Officer of Legence Corp. (LGN), received equity awards reported on 2026-03-16. The Form 4 shows two awards: 1,952 shares reported as Restricted Stock Units (RSUs) and 3,610 shares reported as a derivative award (option-type). Both grants were reported at $0.00 (no cash paid) and are compensation awards rather than open‑market purchases or sales.
Key Details
- Transaction date: 2026-03-16; filing date: 2026-03-18 (timely filing).
- Awards: 1,952 RSUs (F1) and 3,610 derivative awards/options (F2); both reported price $0.00, total cash paid $0.
- Vesting: Both awards vest in three substantially equal installments on each of the first, second and third anniversaries of the award date (subject to continued employment).
- Options (derivative award) specifics: per footnote, the options vest in three equal installments and expire 10 years after the grant date.
- Shares owned after transaction: not disclosed in the information provided.
- No 10b5-1 plan, tax‑withholding sale, or gift noted in the provided footnotes.
Context
RSUs convert into company shares only when they vest; option awards give the right to purchase shares subject to vesting and expiration terms. These grants are typical forms of executive compensation and do not represent immediate share sales or open‑market purchases.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-16+1,952→ 6,148 total - Award
Employee Stock Options
[F2]2026-03-16+3,610→ 3,610 totalExercise: $50.90→ Class A Common Stock (3,610 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.