Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 293

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 293
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.R. Section 200.83 The hybrid method assumptions above for December 31, 2024 were based on the weighted average assumptions of potential future scenarios as follows:

|                         |     | Net Settle at 
 IPO (1)       |     |   |     | Remain as         
 Profits Interests 
 post IPO (2)      |     |   |     | Delayed  
 Exit (3) |     |   |
| Expected dividend yield |     |               |   — | % |     |                   |   — | % |     |          |   — | % |
| Risk-free interest rate |     |               | 4.2 | % |     |                   | 4.3 | % |     |          | 4.3 | % |
| Expected volatility     |     |               |  80 | % |     |                   |  70 | % |     |          |  70 | % |
| Expected life (years)   |     |               | 0.5 |   |     |                   | 3.5 |   |     |          | 5.0 |   |

| (1) | The Company completes an IPO, and Series A Profits Interests are settled. |

| (2) | The Company completes an IPO, and Series A Profits Interests remain outstanding. |

| (3) | The Company does not undergo a Change of Control in the foreseeable future. |

The compensation expense and corresponding income tax benefit for liability-classified Time Interests was as follows (in thousands):

|                                     |     | Year Ended December 31, |  2024 |     |   |   2023 |     |   |  2022 |
|:------------------------------------|:----|:------------------------|------:|:----|:--|-------:|:----|:--|------:|
| Selling, general and administrative |     | $                       | 3,786 |     | $ |  8,095 |     | $ | 4,283 |
| Cost of revenue                     |     |                         | 1,026 |     |   |  1,923 |     |   |   902 |
| Compensation expense                |     | $                       | 4,812 |     | $ | 10,018 |     | $ | 5,185 |
| Income tax benefit                  |     | $                       |     — |     | $ |