Legence (LGN) CPTO Gregory Barnes Withholds 653 Shares for Taxes

What Happened Gregory Barnes, Chief People and Technology Officer at Legence Corp. (LGN), had 653 shares of Class A common stock withheld to satisfy tax-withholding obligations upon the vesting of restricted stock units (RSUs). The shares were valued at $53.03 each, for a total withholding value of approximately $34,629. This transaction is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-15; Filing date: 2026-09-17 (appears timely).
• Price per share: $53.03; Shares withheld/disposed: 653; Total value: ~$34,629.
• Shares owned after transaction: not specified in this filing.
• Footnote: F1 — shares withheld to satisfy tax withholding on RSU vesting.
• Transaction code: F (tax withholding on award vesting), not a purchase (P) or voluntary sale (S).

Context Tax-withholding dispositions are routine following RSU vesting and typically reflect the administrative withholding of shares to cover tax obligations rather than a decision to sell shares for investment reasons. For retail investors, these transactions are informational but generally less indicative of insider sentiment than open-market purchases or voluntary sales.