Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our Class A Common Stock is currently listed on the Nasdaq Global Select Market, or the Nasdaq, under the ticker symbol “LGN.”
Holders of Record
As of March 24, 2026, there were 16 registered holders of record of our Class A Common Stock and 1 registered holder of record of our Class B Common Stock.
Stock Performance Graph
The following performance graph and related information shall not be deemed “soliciting material,” is not deemed “filed” with the SEC and is not to be incorporated by reference into any of our filings under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
The performance graph below shows the cumulative total return to stockholders of our Class A Common Stock between September 12, 2025 (the date that our Class A Common Stock commenced trading on the Nasdaq) through December 31, 2025, in comparison to the Standard & Poor’s 500 Stock Index and the Standard & Poor’s Composite 1500 Construction & Engineering index. This graph assumes that $100 was invested in our Class A Common Stock and each index at their respective closing prices on September 12, 2025. The data for the indexes assumes reinvestment of any dividends. The stock price performance shown in the graph represents past performance and is not indicative of, nor is it intended to forecast, our potential future stock price performance.
Dividend Policy
The Board may elect to declare cash dividends on our Class A Common Stock, 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 the Board. We have not adopted, and do not currently expect to adopt, a written dividend policy.
The Credit Agreement contains restrictions on the payment of dividends. Such restrictions allow us to pay dividends only when certain conditions are met, including but not limited to compliance with certain dollar baskets, ratio tests and the absence of certain specified events of default. Refer to the section “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Liquidity and Capital Resources, Debt.”
Securities Authorized for Issuance Under Employee Equity Compensation Plans
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Table of Conten t s
Information regarding securities authorized for issuance under our equity compensation plans is incorporated herein by reference to "Part III, Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report.
Recent Sales of Unregistered Securities
Other than as previously reported in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on November 14, 2025, and our Current Reports on Form 8-K, filed with the SEC on November 14, 2025 and January 2, 2026, we had no sales of unregistered securities during the year ended December 31, 2025.
Stock Repurchases
We did not repurchase any equity securities registered under Section 12 of the Exchange Act during the year ended December 31, 2025.
Item 6. Reserved