Lehmkuhl Greg 4
4 · Lineage, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Lineage CEO Greg Lehmkuhl Receives RSU and LTIP Awards
What Happened Greg Lehmkuhl, President & CEO and a director of Lineage, received two equity awards on April 1, 2026: 68,334 time‑based restricted stock units (RSUs) and 68,335 LTIP units (partnership‑interest units). Both awards were reported at $0.00 per unit (standard for grants). On the same date 8,422 shares were withheld (disposed) at a per‑share value of $32.76 to satisfy tax withholding obligations from RSU vesting, totaling approximately $275,905. The filing was made April 3, 2026 for the April 1, 2026 transaction.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
- Grants: 68,334 RSUs (one‑for‑one share rights) and 68,335 LTIP Units (derivative partnership units) reported as acquisitions at $0.00.
- Tax withholding (disposal code F): 8,422 shares withheld at $32.76/share; value ≈ $275,905.
- Vesting schedule (footnotes): RSUs vest in equal annual installments (1/3 each) on April 1 of 2027, 2028 and 2029, subject to continued service. LTIP Units vest on the same schedule and may convert to Partnership Common Units and later be redeemed for cash or, at the issuer’s election, shares (conversion/redeem rules apply; 18‑month redemption eligibility).
- Shares owned after the transaction were not reported in the excerpt provided.
Context This filing reflects routine executive compensation (time‑based RSU and LTIP grants) and the customary withholding of shares to cover tax obligations—not an open‑market sale or purchase. LTIP Units are derivative partnership interests with conversion and redemption mechanics; they do not represent immediate free trading shares until vested and converted/redeemed per the partnership agreement. No trading plan (e.g., 10b5‑1) or late‑filing indication was noted in the provided information.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+68,334→ 136,045 total - Tax Payment
Common Stock
[F2]2026-04-01$32.76/sh−8,422$275,905→ 127,623 total - Award
LTIP Units
[F3][F4]2026-04-01+68,335→ 68,335 total→ Common Stock (68,335 underlying)
Footnotes (4)
- [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 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.
- [F2]Represents shares withheld by the Issuer in satisfaction of tax withholding obligations resulting from the vesting of restricted stock units.
- [F3]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"),
- [F4](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.