Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 199

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 199
---
, Barnes’ and Seki’s employment agreements, “Good Reason” generally means any of the
following without the named executive officer’s prior written consent: (w) a material reduction in authority, duties, responsibilities, or reporting lines, (x) a reduction by the Company of the named executive officer’s annual
base salary of more than 10%, except for across the board reductions similarly affecting the senior management of the Company or a reduction necessitated by adverse business conditions for the Company, (y) required relocation of the named
executive officer’s principal place of business more than 50 miles outside of the Houston, Texas (San Antonio, Texas for Mr. Seki) metropolitan area (excluding reasonable business travel in the normal course of employment), and
(z) any material breach of the applicable employment agreement, subject to customary notice and cure provisions.

Bonus

Please see “—Elements of Compensation—Bonus” for a summary of the 2024 EIP, including with respect to the applicable
performance metrics and determination thereof.

Equity Incentive Awards

Please see “—Elements of Compensation—Long-Term Equity Based Compensation—Series A Plan” for a summary of the
vesting and forfeiture terms of the Series A Profits Interests.

143

Outstanding Equity Awards at 2024 Fiscal Year End The following table sets forth certain information with respect to outstanding equity awards of our named executive officers as of December 31, 2024. Fractional interests have been rounded to the nearest hundredth of a unit.

|           |     | Option Awards |          |     |                  |          |     |              |          |     |          |     |     |            |     |
| Name      |     | Number of     
 Securities    
 Underlying    
 Unexercised   
 Options       
 (#)           
 Exercisable   |          |     | Number of        
 Securities       
 Underlying       
 Unexercised      
 Options          
 (#)              
 Unexercisable(1) |          |     | Equity       
 Incentive    
 Plan Awards: 
 Number of    
 Securities   
 Underlying   
 Unexercised  
 Unearned     
 Options      
 (#)(2)       |          |     | Option   
 Exercise 
 Price    
 ($)(3)   |     |     | Option     
 Expiration 
 Date(3)    |     |
| J. Sprau  |     |               | 5,324.91 |     |                  | 1,774.97 |     |              | 4,733