LINE Form 4: Director Wentworth Receives RSU Award, Minimal Dilution

Rhea-AI Filing Summary

Form 4 snapshot: On 06/18/2025, Lineage, Inc. (LINE) director Lynn A. Wentworth was granted 4,490 time-based restricted stock units (RSUs) at a grant price of $0. Each RSU converts to one common share, vesting on the earlier of 18 Jun 2026 or the company’s next annual shareholder meeting, conditional on continued board service.

Following this award, Wentworth’s direct beneficial ownership rose to 12,736 common shares. No derivative positions or open-market purchases were disclosed.

The filing represents routine board compensation, signalling continued alignment between the director and shareholders. The 4,490-share addition is immaterial relative to Lineage’s expected share count, implying negligible dilution and no direct cash impact on the company.

Positive

• Insider alignment: Director Lynn A. Wentworth received 4,490 RSUs, increasing direct ownership to 12,736 shares.
• No cash impact: RSUs granted at $0, preserving corporate liquidity while incentivising board performance.

Negative

• Share dilution: Vesting will add 4,490 shares to outstanding stock, though impact appears immaterial.
• No market purchase: Award is compensation-based rather than a voluntary insider buy, limiting bullish signalling value.

Insights

Financial Analyst

TL;DR: Routine RSU grant; tiny size; neutral on valuation or liquidity.

The 4,490-share RSU grant equates to a modest increase in insider ownership and incurs no cash outlay. Given the absence of earnings data or material transactions, the event does not meaningfully alter cash flow, leverage, or share-count dynamics. Investors should treat this as standard compensation with no valuation impact.

Corporate Governance Specialist

TL;DR: Equity award modestly improves board–shareholder alignment; minimal dilution risk.

Annual equity grants to non-employee directors are a recognised governance practice. Vesting conditions tied to service encourage retention and oversight continuity. While new shares will be issued upon vesting, the 4,490-share quantity is immaterial, suggesting only a marginally positive governance signal without compromising capital structure.

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
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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^*

Wentworth Lynn A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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)	06/18/2025		A		4,490	A	$0(1)	12,736	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 the grant of time-based restricted stock units ("RSUs"), which are contingent rights to receive shares of common stock on a one-for-one basis and which vest in full on the earlier to occur of (i) June 18, 2026, and (ii) the date of the next annual meeting of the Company's stockholders following June 18, 2025, subject to continued service with the Issuer through such applicable date.

Remarks:

	/s/ Brian Golper, as Attorney-in-Fact for Lynn A. Wentworth	06/20/2025
	** 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.

FAQ

What did Lineage, Inc. (LINE) disclose in the latest Form 4?

A grant of 4,490 time-based RSUs to director Lynn A. Wentworth on 06/18/2025.

How many shares does Lynn A. Wentworth own after the RSU grant?

Wentworth now directly owns 12,736 common shares.

When do the granted RSUs vest for Lynn A. Wentworth?

They vest on the earlier of June 18, 2026 or the next annual shareholder meeting following June 18, 2025.

Was any cash consideration involved in the RSU grant?

No. The RSUs were issued at $0 cost to the director.

Does the Form 4 report any derivative transactions?

No derivative securities were acquired or disposed of in this filing.