Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 301

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 301
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 A Profits Interests, Series B Common Interests, Series C Common Interests (together with Series B Common Interests, “Common Interests”) and Restricted Series C Common Interests, each with specific terms and conditions. Series B Common Interests are held by Sponsor. Series C Common Interests are held by certain members of the Company’s management and former owners of acquired companies who received Series C Common Interests as part of the consideration transferred. Tax distributions of $1.4 million and $0.2 million were made during the years ended December 31, 2024 and 2022, respectively. During the year ended December 31, 2023, there were no tax distributions. During the years ended December 31, 2024, 2023 and 2022, the Company made capital distributions of $300.2 million, $1.5 million and $26 thousand, respectively, including $0.4 million for the return to holders of Restricted Series C Common Interests for the year ended December 31, 2024. Please refer to “ Note 13—Stock-Based Compensation” for additional information related to Series A Profits Interests and Restricted Series C Common Interests. Note 13—Stock-Based Compensation The Company accounts for Parent interests awards that are issued to the Company’s employees, and which are indexed and settled in Parent interests, as stock-based payment awards under ASC 718. Please refer to “ Note 2—Summary of Significant Accounting Policies” for additional information regarding Stock-based compensation. Series A Profits Interests On December 16, 2020, Parent adopted the Series A Incentive Plan (the “Plan”). Under the terms of the Plan, employees of the Company may receive Series A Profits Interests of Parent. The Series A Profits Interests are comprised of Time Interests, Performance Interests, and Exit Interests. F-45

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 activity of the liability-classified Time Interests issued to employees of the Company was as follows:

|                                     |     | Time Interests |        |   |     | Weighted-       
 average Grant   
 Date Fair Value 
 Per Interest    |     |
|:------------------------------------|:----|:---------------|-------:|:--|:----|:----------------|----:|
| Outstanding as