Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 188

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 188
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 with the chairman of the Board of Managers of Legence Parent to initially define his personal goals. The Company-wide and personal goals under the 2024 EIP were generally designed to be challenging but achievable. A named executive officer may earn an amount greater than his target bonus under the 2024 EIP in the event the Company and the named executive officer exceed its and their performance metrics. Payments under the 2024 EIP, if earned, are generally contingent upon the named executive officer remaining in continuous employment through the payment date. We finalized the achievement of the 2024 EIP performance metrics following receipt of our audited financials for 2024, with such achievement as follows: 96% achievement of the EBITDA target, which translates to a 80.15% achievement of the EBITDA Component, a 125% achievement for the Safety Component (by achieving a total recordable incident rate of 0.47 for 2024), a 100% achievement of the Sustainability Component and a 125% achievement of the Personal Component for each of Messrs. Sprau and Butz and a 100% achievement of the Personal Component for each of Messrs. Barnes and Seki. Below are the bonus amounts paid to each of our named executive officers for 2024.

| Name      |     | 2024 EIP            
 Payout (% of Target 
 Award)              |     | 2024 EIP 
   Payout 
      ($) |
| J. Sprau  |     | 92.36%              |     | $537,680 |
| S. Butz   |     | 92.36%              |     | $282,640 |
| G. Barnes |     | 87.35%              |     | $179,920 |
| B. Seki   |     | 87.36%              |     | $176,310 |

We believe that establishing cash bonus opportunities helps us attract and retain qualified and highly skilled executives. The annual bonuses earned by the named executive officers under the 2024 EIP are intended to reward them for their positive impacts on corporate results. Upon the completion of this offering, the compensation committee will take a more significant role in this annual review and decision-making process. In June 2025, the Company increased Mr. Butz’s target annual bonus opportunity from 60% to 75% of his base salary. Other Cash Bonuses.From time to time, we may award sign-onor retention bonuses.