Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 194

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 194
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 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, are not entitled to distributions from Legence Parent until such time as both (x) our Sponsor receives distributions from Legence Parent in an amount equal to     
 or in excess of two and a half (2.5) times the amount of its cumulative capital contributions to Legence Parent, and (y) our Sponsor receives distributions from Legence Parent in an amount equal to or in excess of the 20% preferred return in        
 respect of its common interests of Legence Parent. Please see “—Elements of Compensation—Long-Term Equity Based Compensation—Series A Plan” for more information on the vesting and forfeiture terms of the Performance                                  
 Interests and Exit Interests.                                                                                                                                                                                                                            |

| (3) | The Series A Profits Interests are not traditional options, and therefore, there is no exercise price or                                                                                                          
 expiration date, but rather any vested Series A Profits Interests participate in distributions attributable to the appreciation in the fair market value of Legence Parent after their respective dates of grant. |

129

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Options Exercised and Stock Vested in the 2024 Fiscal Year In fiscal year 2024, our named executive officers did not vest in any stock awards or exercise any option awards. However, during fiscal year 2024, Messrs. Sprau, Butz, Barnes