Lehmkuhl Greg 4

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.