Lineage HR chief gets stock, withholds shares for taxes

Lineage, Inc. executive Kelly Burlage reported mixed equity activity involving company common stock.

Rhea-AI Filing Summary

Lineage, Inc. executive Kelly Burlage reported mixed equity activity involving company common stock. Burlage received a grant of 616 shares of Common Stock at $0.00 per share, issued upon earnout and vesting of performance-based restricted stock units under the 2025 Bonus Program.

On the same date, 214 shares of Common Stock at $38.30 per share were disposed of through a tax-withholding transaction, with shares withheld by the company to satisfy tax obligations arising from the vesting of restricted stock units. After these transactions, Burlage held 12,470.1600 shares of Common Stock directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Burlage Kelly

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	616	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	214	$38.30	$8K

Holdings After Transaction: Common Stock — 12,470.16 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Common Stock that were issued upon earnout and vesting of performance-based restricted stock units under the 2025 Bonus Program.
2. F2. Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units.

FAQ

What insider transaction did Lineage, Inc. (LINE) report for Kelly Burlage?

Lineage, Inc. reported that Kelly Burlage received 616 shares of Common Stock from performance-based RSU vesting and had 214 shares withheld to cover tax obligations tied to that vesting, all reported as direct ownership changes.

Was Kelly Burlage’s Form 4 for LINE a stock purchase or sale?

The Form 4 shows no open-market purchase or sale. Burlage acquired 616 shares via an award vesting and disposed of 214 shares through a tax-withholding transaction, where the issuer withheld shares to satisfy related tax liabilities from vested restricted stock units.

How many Lineage, Inc. (LINE) shares did Kelly Burlage acquire in this Form 4?

Kelly Burlage acquired 616 shares of Lineage, Inc. Common Stock. These shares were issued upon earnout and vesting of performance-based restricted stock units under the company’s 2025 Bonus Program, and were reported as a grant or award acquisition at no cash cost per share.

Why were 214 Lineage, Inc. (LINE) shares disposed of in Kelly Burlage’s filing?

The 214 shares were withheld by Lineage, Inc. to cover tax withholding obligations triggered by the vesting of restricted stock units. This tax-withholding disposition is coded as an F transaction, indicating shares were delivered to satisfy taxes instead of a market sale.

What is Kelly Burlage’s Lineage, Inc. (LINE) share ownership after these transactions?

After the award vesting and tax-withholding disposition, Kelly Burlage directly owned 12,470.1600 shares of Lineage, Inc. Common Stock. This figure reflects both the 616-share grant and the 214 shares withheld for taxes as reported in the Form 4 filing.

What is the role of Kelly Burlage at Lineage, Inc. (LINE) mentioned in the Form 4?

Kelly Burlage is identified as the Chief Human Resources Officer of Lineage, Inc. The reported equity transactions relate to compensation in the form of performance-based restricted stock units under the company’s 2025 Bonus Program and associated tax withholding.

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Accepted by SEC EDGAR 02/25/2026 - 04:39 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Burlage Kelly

(Last) (First) (Middle)

C/O LINEAGE, INC.

46500 HUMBOLDT DRIVE

(Street)

NOVI MI 48377

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lineage, Inc. [ LINE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/23/2026		A		616	A	$0(1)	12,684.16	D
Common Stock	02/23/2026		F(2)		214	D	$38.3	12,470.16	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Common Stock that were issued upon earnout and vesting of performance-based restricted stock units under the 2025 Bonus Program.

2. Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units.

Remarks:

	/s/ Brian Golper, as Attorney-in-Fact for Kelly Burlage	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.