Lineage (LINE) executive Smith received 11,447 LTIP Units

Insider transactions reported

Timothy Conrad Smith (Chief Commercial Officer at Lineage Inc., LINE) reported that they received 11,447 LTIP Units on Apr 17, 2025.

Reporting person

Smith Timothy Conrad

Role

Chief Commercial Officer

Options and other derivatives

Holdings before and after

• LTIP Units: 0 to 11,447 direct

Footnotes from the filing

1. 1. 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, 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 ),
2. 2. (Continued from footnote 1) 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.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

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