Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 188

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 188
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 measure of security in the minimum expected level of compensation, while motivating the named executive officer to focus on business metrics that will produce a high level of short-term and long-term performance for the Company and long-term wealth creation for the executive, as well as reducing the risk of recruitment of top executive talent by competitors. Base Salary The base salary established for each of our named executive officers is intended to reflect each individual’s responsibilities, experience and prior performance and internal pay equity. Base salary is also designed to provide our named executive officers with steady cash flow during the course of the fiscal year that is not contingent on short-term variations in our corporate performance. Our board of directors and/or Chief Executive Officer determine market level compensation for base salaries based on our named executive officers’ experience in the industry with reference to the base salaries of similarly situated executives in other companies of similar size and stage of development. This determination has historically been informal and based primarily on the general knowledge of our board of directors and/or Chief Executive Officer of the compensation practices within our industry; however, following completion of this offering, our compensation committee will take a more significant role in reviewing and determining the compensation for our named executive officers. 136

Below are the annual base salaries for our named executive officers as of December 31, 2024.

| Name           |     | FY 2024(1) |
| Jeffrey Sprau  |     |   $776,250 |
| Stephen Butz   |     |   $510,048 |
| Gregory Barnes |     |   $411,930 |
| Bryce Seki     |     |   $403,650 |

| (1) | Mr. Sprau’s base salary was increased from $750,000 to $776,250, Mr. Butz’s base salary                                                                                                                                      
 was increased from $492,800 to $510,048, Mr. Barnes’ base salary was increased from $398,000 to $411,930 and Mr. Seki’s base salary was increased from $390,000 to $403,650, in each case, effective July 1, 2024 to reflect 
 the named executive officer’s value to the Company and encourage retention.                                                                                                                                                  |

The base salaries actually paid to our named executive officers in fiscal year 2024 are set forth in the Summary Compensation Table below. In June 2025, the Company increased Mr. Butz’s base salary from $510,048 to $600,000. Bonus 2024 Annual Cash Incentive Compensation.Annual cash