Sprau Jeffrey 4
4 · Legence Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Legence (LGN) CEO Jeffrey Sprau Receives Award
What Happened
Jeffrey Sprau, CEO of Legence Corp. (LGN), received equity awards on March 16, 2026: 34,167 restricted stock units (RSUs) and 63,177 derivative option-type awards, for a total of 97,344 units. Both awards were granted at an exercise/grant price of $0.00 (typical for time-based awards) and thus show $0 cash paid at grant. These are awards (code A) rather than purchases or sales.
Key Details
- Transaction date: 2026-03-16; filing date: 2026-03-18 (timely Form 4 filing).
- Grant amounts: 34,167 RSUs (F1) and 63,177 derivative awards (F2) — total 97,344 units. Reported price: $0.00.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes: F1 — each RSU converts to one share at vesting; RSUs vest in three substantially equal installments on each of the first, second and third anniversaries, subject to continued employment. F2 — the derivative awards are options that vest in three substantially equal installments on the first three anniversaries and expire ten years from grant.
- No 10b5-1 plan, tax-withholding sale, or immediate sale noted in this filing.
Context
These are standard time‑based compensation awards for an executive and do not represent an open-market purchase or sale. RSUs convert to actual shares only as they vest; the option-type awards are rights to acquire shares subject to vesting and future exercise. Because vesting is spread over three years, these awards align with retention/incentive purposes rather than immediate insider trading signals.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-16+34,167→ 96,667 total - Award
Employee Stock Options
[F2]2026-03-16+63,177→ 63,177 totalExercise: $50.90→ Class A Common Stock (63,177 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.