Lineage (LINE) officer gets RSU and LTIP Unit grants with tax withholding
Rhea-AI Filing Summary
Lineage, Inc. officer Bryan A. Gregory reported compensation-related equity awards and associated tax withholding. On April 1, 2026, he received 13,118 LTIP Units tied to partnership interests and 13,118 time-based restricted stock units, which convert into common shares on a one-for-one basis.
The RSUs and LTIP Units each vest in three equal annual installments on April 1, 2027, 2028 and 2029, subject to continued service. To satisfy tax obligations from RSU vesting, the issuer withheld 2,137 shares of common stock at $32.76 per share. Following these transactions, Gregory directly holds 28,162 shares of common stock and 13,118 LTIP Units, with the LTIP Units eligible for later conversion into partnership units and potential redemption for cash or shares after at least 18 months, subject to conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | LTIP Units | 13,118 | $0.00 | -- |
| Grant/Award | Common Stock | 13,118 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,137 | $32.76 | $70K |
Footnotes (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. Reflects the transfer of shares acquired in connection with the April 1, 2026 vesting of RSUs to the Reporting Person's ex-spouse pursuant to a domestic relations order. 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 4) 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.