Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 307

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 307
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 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-50

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 of December 31, 2022 |     |                | 36,567 |   |     | $               | 329 |
| Granted                             |     |                |  3,217 |   |     | $               | 534 |
| Forfeited                           |     |                |   (286 | ) |     | $               | 319 |
| Outstanding as of December 31, 2023 |     |                | 39,498 |   |     | $               | 346 |
| Granted                             |     |                |  3,682 |   |     | $               | 580 |
| Forfeited                           |     |                |   (394 | ) |     | $               | 441 |
| Reclassified to equity              |     |                |   (121 | ) |     | $               | 344 |
| Outstanding as of December 31, 2024 |     |                | 42,665 |   |     | $               | 365 |

The fair value of Time Interests was estimated using the