Legence (LGN) CFO Stephen Butz Withholds 2,343 Shares for Taxes

What Happened Stephen M. Butz, Chief Financial Officer of Legence Corp. (LGN), had 2,343 shares of Class A common stock withheld on 2026-09-15 to satisfy tax withholding obligations related to the vesting of restricted stock units. The shares were valued at $53.03 each, totaling approximately $124,249. This was a withholding to cover taxes (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17 (timely)
• Shares withheld/disposed: 2,343 at $53.03 per share; aggregate value ~$124,249
• Shares owned after transaction: not specified in the provided filing
• Footnote: F1 — shares withheld to satisfy tax withholding upon RSU vesting
• Filing timeliness: filed within typical SEC reporting window (no late filing flag)

Context Tax-withholding disposals are routine when restricted stock units vest; the company withholds shares instead of requiring a cash payment. Such transactions are administrative and do not necessarily indicate a change in the insider’s view of the company. Transaction code F denotes a tax withholding rather than a voluntary sale (S) or purchase (P).