Equity award gives Lineage (LINE) officer 30,690 new LTIP units

Rhea-AI Filing Summary

Lineage, Inc. reported that officer Jeffrey Alvarez Rivera received an equity award of 30,690 LTIP Units on April 1, 2026. These time-based units represent partnership interests in Lineage OP, LP and carry an initial conversion value of 30,690 shares of common stock.

The LTIP Units vest in full on April 1, 2027, as long as Rivera continues serving with the company through that date. Once vested and after certain capital account conditions are met, each LTIP Unit can be converted into a Partnership Common Unit, and then redeemed for either cash or, at the company’s election, one share of Lineage common stock on a one-for-one basis after at least 18 months from grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rivera Jeffrey Alvarez

Role See Remarks.

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	30,690	$0.00	--

Holdings After Transaction: LTIP Units — 30,690 shares (Direct)

Footnotes (1)

1. Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). The LTIP Units vest in full on April 1, 2027, subject to continued service with the Issuer through such date. Subject to achieving certain capital account balances, each vested LTIP Unit may be converted, at the election of the holder, on a one-for-one basis to Partnership Common Units ("Partnership Common Units"), (Continued from footnote 1) which are units of partnership interest in the Operating Partnership, as designated under the Partnership Agreement. Holders of Partnership Common Units acquired from the conversion of LTIP Units have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, shares of common stock, on a one-for-one basis (subject to certain adjustments), provided at least 18 months have passed since the LTIP Units were granted. LTIP Units and Partnership Common Units do not have expiration dates.

Key Figures

LTIP Units granted: 30,690 units Grant price: $0.0000 per LTIP Unit Underlying common stock: 30,690 shares +3 more

6 metrics

LTIP Units granted 30,690 units Grant on April 1, 2026

Grant price $0.0000 per LTIP Unit Equity compensation award

Underlying common stock 30,690 shares One-for-one with LTIP Units

Post-transaction LTIP holdings 30,690 LTIP Units Total following this grant

Vesting date April 1, 2027 Full vesting subject to continued service

Redemption waiting period 18 months from grant Before Partnership Common Units can be redeemed

Key Terms

LTIP Units, Partnership Common Units, Operating Partnership, capital account balances, +1 more

5 terms

LTIP Units financial

"Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units"

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

Partnership Common Units financial

"each vested LTIP Unit may be converted, at the election of the holder, on a one-for-one basis to Partnership Common Units"

Operating Partnership financial

"units of partnership interest in Lineage OP, LP (the "Operating Partnership")"

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

capital account balances financial

"Subject to achieving certain capital account balances, each vested LTIP Unit may be converted"

redemption financial

"have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, shares of common stock"

Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.

Form 4 Insider Transactions: What Each Field Means →

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^*

Rivera Jeffrey Alvarez

(Last) (First) (Middle)

C/O LINEAGE, INC.

46500 HUMBOLDT DRIVE

(Street)

NOVI MICHIGAN 48377

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	See Remarks.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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

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
LTIP Units	(1)(2)	04/01/2026		A		30,690		(1)(2)	(1)(2)	Common Stock	30,690	$0(1)(2)	30,690	D

Explanation of Responses:

1. Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). The LTIP Units vest in full on April 1, 2027, subject to continued service with the Issuer through such date. Subject to achieving certain capital account balances, each vested LTIP Unit may be converted, at the election of the holder, on a one-for-one basis to Partnership Common Units ("Partnership Common Units"),

2. (Continued from footnote 1) which are units of partnership interest in the Operating Partnership, as designated under the Partnership Agreement. Holders of Partnership Common Units acquired from the conversion of LTIP Units have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, shares of common stock, on a one-for-one basis (subject to certain adjustments), provided at least 18 months have passed since the LTIP Units were granted. LTIP Units and Partnership Common Units do not have expiration dates.

Remarks:

Global Chief Operations Officer

	/s/ Brian Golper, as Attorney-in-Fact for Jeffrey Alvarez Rivera	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Lineage (LINE) report for Jeffrey Alvarez Rivera?

Lineage reported that officer Jeffrey Alvarez Rivera received a grant of 30,690 LTIP Units on April 1, 2026. This is an equity-based compensation award, not an open-market stock purchase or sale, and was reported on a Form 4 insider filing.

How many LTIP Units did the Lineage (LINE) officer receive and at what price?

The officer received 30,690 LTIP Units at a stated price of $0.0000 per unit. This indicates a compensation grant rather than a cash purchase, with each unit initially tied to 30,690 underlying shares of Lineage common stock on a one-for-one basis.

When do the granted LTIP Units at Lineage (LINE) vest?

The LTIP Units vest in full on April 1, 2027, if the officer continues service with Lineage through that date. Vesting means the recipient fully earns the award, which is a common structure for long-term incentive compensation programs.

What are LTIP Units and how can they convert into Lineage (LINE) equity?

LTIP Units are time-based units of partnership interest in Lineage OP, LP that can convert into Partnership Common Units. After vesting and meeting capital account conditions, each may convert one-for-one, then be redeemed for cash or, at Lineage’s election, one share of common stock.

Is there an expiration date on the LTIP Units granted by Lineage (LINE)?

The filing states that LTIP Units and the resulting Partnership Common Units do not have expiration dates. This means once vested and issued, they remain outstanding until redeemed for cash or, at Lineage’s election, exchanged for shares of common stock.

When can the Lineage (LINE) LTIP Units be redeemed for cash or stock?

Holders of Partnership Common Units received from LTIP Unit conversions can redeem them for cash or, at Lineage’s election, shares of common stock on a one-for-one basis after at least 18 months have passed since the LTIP Units were granted, subject to the stated conditions.