Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 199

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 199
---
ing date or event. The vesting commencement date for Mr. Sprau’s Series A Profits Interest grant is                    
 January 8, 2021. The vesting commencement date for Mr. Butz’s Series A Profits Interest grant is December 3, 2021. The vesting commencement dates for Mr. Barnes’ August 2021, March 2023 and February 2024 Series A                                     
 Profits Interest grants are August 27, 2021, March 31, 2023 and February 12, 2024, respectively, and with respect to such grants, 276.90 Time Interests were vested and 149.10 were unvested, 60.90 Time Interests were vested and 113.10                
 were unvested and 45 Time Interests were vested and 255 were unvested, respectively, as of December 31, 2024. The vesting commencement dates for Mr. Seki’s November 2021, March 2023 and February 2024 Series A Profits Interest grants                 
 are November 22, 2021, March 31, 2023 and February 12, 2024, respectively, and with respect to such grants, 288 Time Interests were vested and 192 were unvested, 42 Time Interests were vested and 78 were unvested and 45 Time Interests               
 were vested and 255 were unvested, respectively, as of December 31, 2024. Fractional interests have been rounded to the nearest hundredth of a unit. Please see “—Elements of Compensation—Long-Term Equity Based                                        
 Compensation—Series A Plan” for more information on the vesting and forfeiture terms of the Time Interests.                                                                                                                                              |

| (2) | This column includes unvested performance-vesting Series A Profits Interests, half of which, for each executive                                                                                                                                          
 officer, are Performance Interests, and the other half of which are Exit Interests. The Performance Interests vest upon our Sponsor receiving distributions from Legence Parent equal to one and a half (1.5) times the amount of its cumulative capital 
 contributions to Legence Parent, and the Exit Interests vest upon the occurrence of a Change of Control Exit, in each case, subject to the named executive officer’s continued employment or service with the Company or its subsidiaries through        
 each applicable vesting date or event. Furthermore, Exit Interests, even when vested