4//SEC Filing
Bryan Gregory A. 4
Accession 0000950170-24-087369
CIK 0001868159other
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 5:21 PM ET
Size
8.6 KB
Accession
0000950170-24-087369
Insider Transaction Report
Form 4
Lineage, Inc.LINE
Bryan Gregory A.
See Remarks.
Transactions
- Award
LTIP Units
2024-07-26+45,091→ 45,091 total→ Common Stock (45,091 underlying) - Award
Common Stock
2024-07-26+15,031→ 15,031 total
Footnotes (3)
- [F1]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 installment as to 1/3 of the RSUs on each of April 1, 2025, 2026 and 2027, subject to continued service with the Issuer through such dates.
- [F2]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 each of April 1, 2025, 2026 and 2027, 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"),
- [F3](Continued from footnote 2) 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.
Documents
Issuer
Lineage, Inc.
CIK 0001868159
Entity typeother
Related Parties
1- filerCIK 0001490473
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 5:21 PM ET
- Size
- 8.6 KB