other material
confidence high
sentiment neutral
materiality 0.45
Lineage amends CEO and CFO employment agreements to allow equity-based bonus awards
Lineage, Inc.
- CEO Greg Lehmkuhl base salary $1.2M; target bonus 175% of base, max 350%.
- Annual bonus now payable in cash and/or performance-vesting equity; prior solely cash.
- Severance for non-CIC termination: 24 months base + 2x target bonus; CIC: 36 months base + 3x target.
- Amended severance plan clarifies cash valuation of unpaid equity-based bonuses upon termination.
- Effective April 17, 2025; agreements filed as exhibits to 8-K.