4//SEC Filing
Burlage Kelly 4
Accession 0002094217-25-000004
CIK 0001868159other
Filed
Nov 11, 7:00 PM ET
Accepted
Nov 12, 5:41 PM ET
Size
8.6 KB
Accession
0002094217-25-000004
Insider Transaction Report
Form 4
Lineage, Inc.LINE
Burlage Kelly
Chief Human Resources Officer
Transactions
- Award
LTIP Units
2025-11-10+4,442→ 4,442 total→ Common Stock (4,442 underlying) - Award
Common Stock
2025-11-10+4,442→ 12,068.16 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 installments as to 1/3 of the RSUs on each of November 10, 2026, 2027, 2028, 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 November 10, 2026, 2027 and 2028, 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 of common stock, 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 0002094217
Filing Metadata
- Form type
- 4
- Filed
- Nov 11, 7:00 PM ET
- Accepted
- Nov 12, 5:41 PM ET
- Size
- 8.6 KB