Barnes Gregory 4
4 · Legence Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Legence (LGN) CHRO Gregory Barnes Receives RSU Award
What Happened Gregory Barnes, Chief Human Resources Officer of Legence Corp. (LGN), received equity awards on March 16, 2026. The filing reports two grant entries: 4,393 shares (awarded) and 8,123 shares reported as a derivative award, both at $0.00 per unit (total reported consideration $0). These are awards, not open-market purchases or sales.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (appears timely — within the usual two business days).
- Reported grants: 4,393 shares (direct award) and 8,123 derivative units — total 12,516 units; reported price per unit $0.00.
- Shares owned following transaction: not specified in the provided filing excerpt.
- Footnote F1: The reported securities are Restricted Stock Units (each converting to one share at vesting). They vest in three substantially equal installments on each of the first, second and third anniversaries of the award, subject to continued employment.
- Footnote F2: Describes an options vesting schedule (three-year vesting in equal installments) and a ten-year term; the filing includes this footnote text though no option exercise/option grant was reported in the listed transactions.
Context These awards are RSUs/derivative equity that convert to common shares only as they vest over three years; they are not immediate cash purchases or sales. Awards and grants are common executive compensation and do not by themselves indicate a buy/sell signal — they reflect compensation tied to continued service.
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.