Form 4: Lineage Inc. Executive Gregory A. Bryan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gregory A. Bryan, Chief Integrated Solutions Officer of Lineage, Inc., reports the acquisition of restricted stock units and LTIP units, as well as a transfer of shares to an ex-spouse.
Summary
- On April 17, 2025, Gregory A. Bryan, Chief Integrated Solutions Officer of Lineage, Inc., filed a Form 4 detailing changes in beneficial ownership.
- Bryan acquired 4,650 shares of common stock through the grant of time-based restricted stock units (RSUs) at a price of $0.
- These RSUs vest in equal annual installments on April 1, 2026, 2027, and 2028, contingent upon continued service with the Issuer.
- Bryan also acquired 4,651 LTIP Units, which are time-based units of partnership interest in Lineage OP, LP, also vesting in equal annual installments on April 1, 2026, 2027, and 2028, subject to continued service.
- Additionally, the report reflects the transfer of shares acquired from the April 1, 2025 vesting of RSUs to Bryan's ex-spouse due to a domestic relations order.
- Following these transactions, Bryan beneficially owns 16,176 shares of common stock and 4,651 LTIP Units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of executive compensation and a transfer of shares due to a divorce settlement. There are no inherently positive or negative implications for the company's performance.
Positives
- The grant of RSUs and LTIP Units to a key executive suggests an incentive alignment with the company's long-term performance.
Future Outlook
The executive's holdings will increase as the RSUs and LTIP Units vest over the next three years, contingent on continued service.
Industry Context
Form 4 filings are standard practice and provide transparency into the holdings and transactions of company insiders, which can be useful for investors assessing management's alignment with shareholder interests.
Stakeholder Impact
- Shareholders gain insight into executive compensation and ownership structure.
Key Dates
| Date | Description |
|---|---|
| July 24, 2024 | Date of the Agreement of Limited Partnership of the Operating Partnership. |
| April 1, 2025 | Vesting date of RSUs resulting in share transfer to ex-spouse. |
| April 17, 2025 | Date of the reported transactions (grant of RSUs and LTIP Units). |
| April 1, 2026 | First vesting date for the newly granted RSUs and LTIP Units. |
| April 1, 2027 | Second vesting date for the newly granted RSUs and LTIP Units. |
| April 1, 2028 | Final vesting date for the newly granted RSUs and LTIP Units. |
| April 21, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Lineage Inc., Gregory A. Bryan, Restricted Stock Units, LTIP Units, Vesting, Shares
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