Coghlan David Joseph 4
Research Summary
AI-generated summary
Legence (LGN) Director David Coghlan Receives Award of 1,675 RSUs
What Happened
David Coghlan, a director of Legence Corp. (LGN), received an award of 1,675 Restricted Stock Units (RSUs) on 2026-06-11. The RSUs were granted at a reported price of $0.00 (total cash value $0) and each RSU entitles him to one share of Class A common stock upon vesting. This is a grant/compensation award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-11; Filing date: 2026-06-11 (no late filing indicated).
- Grant: 1,675 RSUs; reported price: $0.00; reported cash consideration: $0.
- Vesting: RSUs vest in full on the earlier of the first anniversary of the award or the day before the issuer’s 2027 annual stockholder meeting, subject to continued service (see footnote).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: Each RSU converts to one share of Class A common stock upon vesting.
- Transaction type: Award/Grant (A).
Context
RSU grants are a common form of equity compensation used to retain directors and employees; they are not immediate purchases or sales. The award becomes actual shares only upon vesting, which may create a taxable event at that time under typical tax rules. This filing simply reports the grant; it does not by itself indicate subsequent sales or purchases.