Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 22

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 22
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 will entitle its holder to one vote on all matters to be voted on by stockholders generally. After giving    
 effect to the shares issued pursuant to this offering, the Existing Owners will hold in the aggregate  % of the outstanding shares of our Class A Common Stock. The Class A Common Stock will be voting stock and entitle each holder to 
 one vote per share of Class A Common Stock. The section titled “Description of Capital Stock” contains more information.                                                                                                                 |

| Dividend policy | Following the completion of this offering, our board of directors may elect to declare cash dividends on our Class A Common Stock, |

12

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83

| subject to our compliance with applicable law, and depending on, among other things, economic conditions, our financial condition, results of operations, projections, liquidity, earnings, legal                                                     
 requirements and restrictions in the agreements governing our indebtedness (as further discussed below). The payment of any future dividends will be at the discretion of our board of directors. We have not adopted, and do not currently expect to 
 adopt, a written dividend policy. The section titled “Dividend Policy” contains more information.                                                                                                                                                     |

| Exchange rights of other LGN Unit Holders | In connection with the completion of this offering, we and Legence Holdings will enter into an Exchange Agreement with Aggregator I so that it may (subject to the terms of the Exchange Agreement and the Legence Holdings LLC Agreement) exchange 
 its LGN Units, along with surrendering a corresponding number of shares of Class B Common Stock, for shares of Class A Common Stock of Legence on                                                                                                   
 a one-for-one basis (the “Exchange Right”), subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications,                                                                                               
 or, at our option, an equivalent amount of cash. “Certain Relationships and Related Party Transactions—Exchange Agreement” contains more information.                                                                                               |

| Tax receivable agreement | Future exchanges of LGN Units for shares of Class A Common Stock are expected to result in increases in the tax basis of the tangible and                                                                                                                
 intangible assets of Legence Holdings. The anticipated basis adjustments are expected to increase (for tax purposes) our depreciation, depletion and amortization deductions and may also decrease our gains (or increase our losses) on future          
 dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. Such increased deductions and