secwatch.observer — SEC 8-K summary
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Issuer:     Lineage, Inc. (LINE)
CIK:        0001868159
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0001868159-25-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lineage amends CEO and CFO employment agreements to allow equity-based bonus awards
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868159/000186815925000030/0001868159-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868159/000186815925000030/line-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001868159-25-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer