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Lineage (NYSE: LINE) CEO granted RSUs and LTIP Units with tax share withholding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lineage, Inc. President & CEO Greg Lehmkuhl received equity-based compensation on April 1, 2026. He was granted 68,334 shares of common stock as time-based restricted stock units and 68,335 LTIP Units tied to common stock on a one-for-one basis.

Both the RSUs and LTIP Units vest in three equal annual installments on April 1 of 2027, 2028 and 2029, subject to continued service. In a separate move, 8,422 common shares were withheld at $32.76 per share to cover tax obligations from RSU vesting, leaving him with 127,623 common shares directly owned.

Positive

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Insider Lehmkuhl Greg
Role President & CEO
Type Security Shares Price Value
Grant/Award LTIP Units 68,335 $0.00 --
Grant/Award Common Stock 68,334 $0.00 --
Tax Withholding Common Stock 8,422 $32.76 $276K
Holdings After Transaction: LTIP Units — 68,335 shares (Direct); Common Stock — 136,045 shares (Direct)
Footnotes (1)
  1. Represents the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive shares of common stock ("Shares") on a one-for-one basis and which vest in equal annual installments as to 1/3 of the RSUs on each of April 1, 2027, 2028, 2029, subject to continued service with the Issuer through such dates. Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units. 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 equal annual installment as to 1/3 of the LTIP Units on April 1, 2027, 2028 and 2029, subject to continued service with the Issuer through such dates. 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 3) 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, 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.
RSU common stock grant 68,334 shares Time-based restricted stock units granted on April 1, 2026
LTIP Units grant 68,335 LTIP Units Time-based LTIP Units tied one-for-one to common stock
Tax withholding shares 8,422 shares Shares withheld to satisfy tax obligations at $32.76 per share
Tax withholding price $32.76 per share Price applied to 8,422 shares withheld for taxes
Post-transaction holdings 127,623 shares Common stock directly owned after April 1, 2026 transactions
RSU vesting schedule 1/3 on April 1, 2027, 2028, 2029 Time-based vesting for RSU grant, subject to continued service
LTIP Units vesting 1/3 on April 1, 2027, 2028, 2029 Time-based vesting for LTIP Units, subject to continued service
restricted stock units ("RSUs") financial
"Represents the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive shares of common stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
LTIP Units financial
"designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership"
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.
tax withholding obligations financial
"Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lehmkuhl Greg
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock(1)04/01/2026A68,334A$0(1)136,045D
Common Stock04/01/2026F(2)8,422D$32.76127,623D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
LTIP Units(3)(4)04/01/2026A68,335 (3)(4) (3)(4)Common Stock68,335$0(3)(4)68,335D
Explanation of Responses:
1. Represents the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive shares of common stock ("Shares") on a one-for-one basis and which vest in equal annual installments as to 1/3 of the RSUs on each of April 1, 2027, 2028, 2029, subject to continued service with the Issuer through such dates.
2. Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units.
3. 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 equal annual installment as to 1/3 of the LTIP Units on April 1, 2027, 2028 and 2029, subject to continued service with the Issuer through such dates. 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"),
4. (Continued from footnote 3) 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, 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:
/s/ Brian Golper, as Attorney-in-Fact for Greg Lehmkuhl04/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Lineage (LINE) CEO Greg Lehmkuhl receive?

Greg Lehmkuhl received 68,334 shares of common stock as restricted stock units and 68,335 LTIP Units. Each LTIP Unit is ultimately tied to one share of common stock, making these grants a significant part of his long-term equity compensation package.

How do the new RSU grants for Lineage (LINE) CEO vest?

The restricted stock units granted to the Lineage CEO vest in three equal annual installments on April 1, 2027, 2028 and 2029. Vesting depends on his continued service with the company through each of those dates, aligning compensation with long-term employment.

What are LTIP Units granted to the Lineage (LINE) CEO and how do they work?

The CEO received 68,335 LTIP Units, which are partnership interest units in Lineage OP, LP. After vesting and meeting capital account conditions, each LTIP Unit can convert into a Partnership Common Unit, then be redeemable for cash or, at Lineage’s election, common shares.

Why were 8,422 Lineage (LINE) shares disposed of in this Form 4?

The 8,422 common shares were withheld by Lineage to satisfy tax withholding obligations from the vesting of restricted stock units. This F-code transaction is not an open-market sale, but a standard mechanism to cover the executive’s tax liability on equity compensation.

How many Lineage (LINE) shares does the CEO hold after these transactions?

After the April 1, 2026 transactions, Greg Lehmkuhl directly owns 127,623 shares of Lineage common stock. This figure reflects both the new RSU-related share grant and the 8,422 shares withheld to pay taxes connected to the vesting of earlier restricted stock units.