Bryan Gregory A. 4
Research Summary
AI-generated summary
Lineage (LINE) Bryan Gregory Receives RSUs, Sells 2,137 Shares
What Happened
- Bryan Gregory, Chief Integrated Solutions Officer at Lineage (LINE), had time‑based restricted stock units (RSUs) vest on April 1, 2026 (13,118 RSUs). To satisfy tax withholding and a transfer under a domestic relations order, 2,137 shares were disposed at $32.76 per share for a reported value of $70,008. In addition, he was granted 13,118 LTIP Units (derivative award) in the company’s operating partnership (see details below).
Key Details
- Transaction date: 2026-04-01. Disposal: 2,137 shares @ $32.76 = $70,008. Awards: 13,118 RSUs (vested) and 13,118 LTIP Units (derivative), $0 acquisition price shown.
- Shares owned after the transaction: not specified in the excerpts provided.
- Notable footnotes:
- RSUs vest in equal annual installments (1/3 on each of April 1, 2027, 2028, 2029) per footnote.
- Some shares were transferred to the reporting person’s ex‑spouse pursuant to a domestic relations order.
- Some shares were withheld by the issuer to satisfy tax withholding.
- LTIP Units vest in equal annual installments (1/3 on each of April 1, 2027–2029) and may be converted to partnership common units and redeemed for cash or shares (subject to conditions and timing).
- Filing timeliness: Report filed 2026-04-03 for a 2026-04-01 transaction; no lateness flag noted in the provided data.
Context
- This transaction is primarily an award/vesting event (code A) combined with share dispositions (code F) to cover tax obligations and a domestic relations transfer — common, administrative actions that do not necessarily signal insider market views.
- The LTIP Units are derivative partnership units with potential conversion to tradable/redeemable units after vesting and any required holding period; they are not immediate cash sales.