Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 181

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 181
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) a Company EBITDA target (to be calculated before the payment of any bonuses and/or corporate allocations to business units), which accounted for 70% of the total bonus opportunity (the “EBITDA Component”), (b) a safety achievement payout (measured by the Company’s consolidated total recordable incident rate for 2024), which accounted for 5% of the total bonus opportunity (the “Safety Component”), (c) the approval by the Board of Managers of Legence Parent of a sustainability plan for the Company, which accounted for 5% of the total bonus opportunity (the “Sustainability Component”), and (d) the achievement of the named executive officer’s personal goals, which accounted for 20% of the total bonus opportunity (the “Personal Component”). Each named executive officer (other than the Chief Executive Officer) worked with the Chief Executive Officer early in the year to define such named executive officer’s personal goals based upon that named executive officer’s duties and areas of responsibility, which personal goals were then presented to, and approved, by the Board of Managers of Legence Parent. The personal goals for the Chief Executive Officer were determined in a similar manner, but the Chief Executive Officer worked with the chairman of the Board of Managers of Legence Parent 121

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 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 have not yet finalized calculating the achievement of the foregoing performance metrics under the 2024 EIP; however, our preliminary estimates show a 94.20% achievement of the EBITDA target, which translates to a 71% achievement of the EBITDA Component, a 123.21% achievement for the Safety Component (by achieving a total recordable incident rate of 0.51 for 2024), a 100% achievement of the Sustainability Component and a 100% achievement of the Personal Component for each named executive officer. Below are our estimates of the bonus amounts to be paid to each of our named executive officers for 2024.