Seki Bryce 4
4 · Legence Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-16+4,393→ 12,429 total - Award
Employee Stock Options
[F2]2026-03-16+8,123→ 8,123 totalExercise: $50.90→ Class A Common Stock (8,123 underlying)
Footnotes (2)
- [F1]The reported securities represent an award of Restricted Stock Units, which each entitle the reporting person to receive, at vesting, one share of Legence Corp.'s Class A common stock, par value $0.01 per share. The Restricted Stock Units vest in three substantially equal installments on each of the first, second and third anniversaries of the date of the award, subject generally to continued employment through the applicable vesting date.
- [F2]The options will vest in three substantially equal installments on each of the first, second and third anniversaries of the date of the award, subject generally to continued employment through the applicable vesting date. The options expire on the tenth anniversary of the date of the award.