Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 272

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 272
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2023         |    |
|:------------------------------------|:----|:-------------|---:|
| Selling, general and administrative |     | $            | 15 |
| Cost of revenue                     |     |              | 18 |
| Compensation expense                |     | $            | 33 |

The stock-based compensation liability for Restricted Series C Common Interests as of December 31, 2023 is $33 thousand and is included in Other long-term liabilities on the Consolidated Balance Sheet. As of December 31, 2023, the unrecognized compensation expense related to Restricted Series C Common Interests is approximately $2.0 million to be recognized over a remaining weighted-average term of 4.9 years. Note 13—Union-Sponsored Pension Plans and Other Employee Benefit Plans Defined Pension Plans:Certain of the Company’s consolidated subsidiaries participate in various multiemployer defined benefit pension plans under the terms of collective bargaining agreements covering most of its union-represented employees. The risks of participation in these multiemployer plans are different than single-employer plans in the following aspects:

| a. | Assets contributed to the plan by a company may be used to provide benefits to participants of other companies; |

| b. | If a participating company discontinues contributions to a plan, other participating employers may have to 
 cover any unfunded liability that may exist; and                                                           |

| c. | If a company stops participating in some of its multiemployer pension plans, the company may be required to pay 
 those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.       |

F-42

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements The following table lists multiemployer pension plans providing pension benefits, including total contributions made for the years ended December 31, 2023 and 2022 (contributions in thousands). Among other factors, plans in the red zone are less than 65 percent funded, plans in the yellow zone are between 65 percent and 80 percent funded and plans in the green zone are at least 80 percent funded.

| Pension Fund                                             |     | Employee ID / 
 Pension Plan  
 Number        
 2022          
 (2)           |                  |     | PPA Zone   
 Status (1) 
 2021       
 (2)        |       |     | FIP/RP     
 Status (3