Legence Corp. CAO Exercises Options and Sells Shares via 10b5-1 Plan

Executive Summary

On September 15, 2026, Philippe Le Bris, Chief Accounting Officer of Legence Corp. ($LGN), conducted multiple transactions involving Class A Common Stock. The primary transactions consisted of exercising 4,196 employee stock options at $28.00 per share and subsequently selling 4,196 shares at an average price of $54.06 under a pre-established Rule 10b5-1 trading plan. Additionally, 341 shares were withheld at $53.03 to cover tax obligations from RSU vesting.

Transaction Breakdown

1. Option Exercise (Code M):
   • Derivative: Acquired 4,196 Class A Common Stock shares via option exercise at $28.00 per share.
2. Open Market Sale (Code S):
   • Shares Sold: 4,196 shares at $54.06 per share, generating gross proceeds of approximately $226,835.76.
   • Trading Plan: Executed under a Rule 10b5-1 plan adopted on June 16, 2026.
3. Tax Withholding (Code F):
   • Shares Withheld: 341 shares at $53.03 ($18,083.23) to fulfill tax withholding duties following RSU vesting.
4. Post-Transaction Holdings:
   • Direct common stock holdings ended at 5,807 shares.
   • Remaining unexercised employee stock options stood at 8,393.

Trading Significance

The trading significance is rated as Low. The disposition of shares was paired with an option exercise and executed automatically pursuant to a pre-scheduled Rule 10b5-1 plan adopted months earlier, accompanied by standard tax withholding on RSU vesting.