Le Bris Philippe 4

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.