Seki Bryce 4
Research Summary
AI-generated summary
Legence (LGN) GC Seki Bryce Receives 12,516 RSUs
What Happened
Seki Bryce, General Counsel & Secretary of Legence Corp. (LGN), received equity awards on 2026-03-16 consisting of 4,393 restricted stock units (RSUs) and 8,123 derivative RSUs, for a total of 12,516 RSUs. The reported acquisition price is $0.00 (these are compensatory awards, not cash purchases), and no immediate sale or cash exercise was reported.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (filing appears timely).
- Reported amounts: 4,393 RSUs (line item A) and 8,123 derivative RSUs (line item A) — total 12,516 RSUs; reported price $0.00.
- Shares owned after the transaction: not specified in the provided report.
- Footnote F1: Each RSU converts to one share of Class A common stock at vesting; vest in three substantially equal installments on the first, second and third anniversaries of the award, generally subject to continued employment.
- Footnote F2: Notes a standard option vesting/expiration schedule (3-year vesting in thirds; 10-year term) but no option grant or exercise is reported in these transactions.
Context
RSUs are a common form of equity compensation and only convert into actual shares as they vest; they do not indicate an immediate open-market purchase or sale. Because these awards vest over time and are subject to continued employment, they are generally compensation-related rather than a direct signal of insider buying or selling intent.