Lineage Legacies Program
Taking personal responsibility for the work and the success of Lineage’s business has always been core to how our team operates every day.
Now, through the Lineage Legacies Program, we hope to honor that ownership mentality and foster it even further by providing opportunities for our team members to become literal owners of Lineage. Lineage Legacies is a new stock-based benefit that enables eligible team members to become owners of Lineage (LINE) stock and benefit from today’s contributions and tomorrow’s achievements.
We are proud to share that Lineage Legacies Program grants are available to eligible US and Canadian team members! Participating team members can review this webpage for more information on how the program works and resources available to help them take advantage of this exciting benefit.
The ownership mentality of the #OneLineage team is why we have reached this moment and it is how we've been successful since the beginning. As each of us continue to THINK and ACT like owners, eligible team members can now receive future Lineage Legacies grants in recognition of that hard work and commitment.
Frequently Asked Questions
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US-based team members DO NOT need to formally "accept" their awards in E*TRADE--these will be issued automatically. Note: this is different than the process team members will have experienced related to the Starting LINE Awards in 2024. This means team members will not need to take any immediate action to secure their Legacies grants. That said, we encourage you to log in to E*TRADE and view the grant as issued. New team members will need to activate their E*TRADE account prior to logging in to view their grants. (see “Create your E*TRADE account” within the Resources section of this webpage). Further, you will need to log in if you wish to transfer or sell any shares after they have vested (over the next 1-3 years).
Canadian team members DO need to formally accept any RSUs they receive as a part of the Legacies Program. To do so, please go to the “Manage Awards” section of this site, you will see step-by-step instructions outlined within the top question titled “Do I need to “Accept” my grants in E*TRADE and how do I do so?”
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Eligibility for Legacies applies to full or part-time Lineage US and Canada team members who were hired on or prior to June 15, 2026.
Further, temporary or seasonal workers, those on an extended unprotected leave of absence (over 1 year as of June 15, 2026) and those who are covered by a collective bargaining agreement are ineligible to receive a Legacies grant.
Otherwise, eligible team members who joined the company after June 15, 2026 may be eligible for any future Legacies grants.
Please contact your local HR partner if you have any questions about eligibility.
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Your award’s worth will be tied to the current value of Lineage's publicly traded stock (ticker: LINE) multiplied by the number of units you are holding. Together with our team members, we hope to continue to grow the value of Lineage and its stock through our combined efforts to deliver strong financial results. That said, growth is not guaranteed and will require the sustained hard work of our entire team.
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Eligible team members receive a grant of Restricted Stock Units (RSUs) based on their compensation grade and program eligibility criteria. Award amounts are determined using a fixed number of shares assigned to each eligible compensation grade.
If you have questions, please contact your Human Resources Business Partner (HRBP) or the Equity Compensation team at equity@onelineage.com.
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Team members will need to provide a functional email address to view and/or access their Legacies grants. If you do not have one, you will need to create one and add that email address as your “Home(Primary)” email address in Workday. This is a requirement so that E*TRADE can provide essential notifications and documentation to you pertaining to your award.
Further, if you are receiving RSUs and are based in Canada you must accept your grant and all terms and conditions of the plan in E*TRADE within 6 months of issuance (after which time all unaccepted awards will be forfeited).
Beyond taking the above actions as appropriate, this is an award provided by Lineage, and you do not need to make any sort of individual investment to participate.
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The Lineage Legacies Program is intended to provide eligible team members with the opportunity to receive annual grants of Restricted Stock Units (RSUs). Legacies RSUs generally vest over a three-year period.
The program is designed to evolve over time and may be reviewed and updated annually to align with business needs and workforce objectives, including engagement, stability, and adaptability. Future awards may vary based on program design, eligibility criteria, and other factors.
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An RSU or Restricted Stock Unit is a right to a share of a company's stock (in this case, Lineage common stock) once any vesting criteria has been satisfied by the participant. Refer to this overview from Morgan Stanley which breaks out the basics of what RSUs are and how they work.
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Lineage Legacies grants are subject to vesting requirements over three years--with one third of the grants vesting and issuing as LINE stock each year. Accordingly, the team member must remain employed by Lineage up until the vesting date to receive the common stock.
Example: If a participant is granted 45 RSU shares in July 2026, the RSUs will vest in 1/3 on each anniversary of the grant date — 15 shares in July 2027, 15 shares in July 2028, and 15 shares in July 2029. If the team member leaves the company in June 2027, the participant forfeits all 45 RSUs. No shares will vest. If the participant leaves Lineage in August 2027 or later, any shares vested before the participant’s departure will have been distributed as common stock, and any remaining unvested RSUs will be forfeited.
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Any vested portion of awards are yours and are not subject to any further service requirement at Lineage. Any unvested Restricted Stock Units (RSUs) require that you remain employed by Lineage through the vesting date; if you were to leave the company prior to that vesting date for any reason, your RSUs would be forfeited.
Example: If a participant is granted RSUs that vest in July 2027 and leaves the company in June 2027, the award will be forfeited because they did not remain employed through the vesting date. If a participant is granted RSUs that vest in July 2027 and leaves the company in August 2027 or later, one-third of the award will have vested, and the vested shares, delivered as common stock, will be retained by the participant.
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The Lineage Legacies webpage you are currently navigating can also be accessed in English, Spanish and French. You can click "Español" or "Français" in the top right (or within the menu on mobile devices). Additionally, E*TRADE offers tele-interpreter support in more than 140 languages, available Monday through Friday, from 12:00 a.m. to 11:59 p.m. ET.
To contact E*TRADE, please visit the “Resources” section of this site for the specific contact number for your region.
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No. there's no cost to you. RSUs are a reward from Lineage, not something you have to buy. The only time you may have a financial impact is when the shares vest or when you decide to sell them, as the value of the vested RSUs is considered as income and will need to be included in your taxes at the end of the year.
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No, the Legacies program is separate from the annual merit review process. Merit reviews will continue to be conducted separately and consider a range of factors including market data, company performance, and individual performance. While equity awards such as those offered through the Legacies program are not part of the merit process, they do provide “value,” so team members who receive these awards should consider these alongside their remuneration package when assessing competitiveness of the Lineage offer in the market.
Lineage Legacies
We know that becoming a publicly traded company isn’t the finish line of our story, it’s truly just the beginning.
Today’s Starting LINE Awards represent the first of a new type of team member benefit we are rolling out to our US team. Building out from our Starting LINE Awards, Lineage plans to roll out an ongoing ownership program we are calling the Lineage Legacies Program.
The goal of Legacies will be to nurture and reward the ownership mentality shown by our team through the granting of Restricted Stock Units (RSUs) on an ongoing basis.
We are currently working to firm up plan details and expect to formally launch Legacies in 2025! More to come!
As each of us continue to THINK and ACT like owners, eligible team members will receive future grants in recognition of that hard work and commitment via the Legacies Program.
Manage Your Awards
The goal of Legacies is to honor the ownership mindset shown by our team members through providing the opportunity to become owners of Lineage stock. On this page, we lay out the actions and considerations you should be aware of as you receive grants associated with the Lineage Legacies Program in 2026.
Beyond the information shared here, you may have some questions about how all of this works and more will come up in the future. We encourage you to turn to our service partner, E*TRADE, for assistance. They have a deep understanding of the process and have access to a variety of resources to help you understand and manage your awards.
Frequently Asked Questions
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Our hope with this program is that our team is able to build a real legacy for themselves and their loved ones.
Once your RSUs vest, the shares become yours and you may choose to hold or sell them based on your individual goals and circumstances. By holding your shares, you have the opportunity to benefit if the value of Lineage stock increases over time. You may also choose to sell your shares and use the proceeds as you see fit.
As with any investment, there are risks involved, and the value of your shares may increase or decrease over time.
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US Team Members:
Eligible US team members do not need to “accept” their Legacies grants within E*TRADE. Lineage has opted to “auto-accept” all awards issued to US-based team members. This means team members will not need to take any immediate action to secure their Legacies grants.
That said, we encourage you to log in to E*TRADE and view the grant as issued. New team members will need to activate their E*TRADE account prior to logging in to view their grant. (see “Create your E*TRADE account” within the Resources section of this webpage). Further, you will need to log in if you wish to transfer or sell any shares after they have vested (over the next 1-3 years).
If you would prefer to decline your Legacies grant, you are able to do so in E*TRADE within 45 days of the issuance or send your request to equity@onelineage.com within 45 days of the issuance to formally decline.
After that time, all grants will be considered awarded within the system.
Canadian Team Members:
Eligible Canadian team members receiving RSUs through the Lineage Legacies Program will need to formally “accept” their grant on E*TRADE. To do so, team members will need to create an account in E*TRADE and accept the award within that platform.
Note: Canadian team members MUST accept their grant within 6 months of the issuance (after which all unaccepted grants will be forfeited).
Accepting the Award
Once you have created your account, you will need to log in to E*TRADE and complete the following steps to formally “accept” your Legacies Award.
- Log in to your E*TRADE account and click “Accept” under Action Items to begin the grant acceptance process.
- View your grant agreement and any other plan documents.
- Click “Accept” to complete the grant acceptance process.
See the following quick guide for the above process with accompanying screenshots.
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What is the process of selling shares?
Once your RSUs have vested, you can manage the shares you own by logging into your E*TRADE account at any time. Refer to this guide for step-by-step instructions on how to sell shares.
As a reminder, you do not own shares of common stock if you were granted a RSU that has not yet vested. You will need to wait until those vesting requirements have been satisfied and the shares are deposited in your account in order to sell those shares.
US Team Members:
All LINE shares will be issued via E*TRADE and can be sold on that platform or transferred to another brokerage platform of your choice and either held or sold. There are no fees for keeping your shares in E*TRADE which you can use to buy and sell stocks (LINE or otherwise) at your discretion.
- Online through platform: $0 commission
- Through call center: $25 fee per trade
Canadian Team Members:
All LINE shares will be issued via E*TRADE and can be sold on that platform or transferred to another brokerage platform of your choice and either held or sold.
There are no fees for keeping your shares in E*TRADE; however, E*TRADE charges a $25.00 USD international wire fee when sending money and the exchange rate used when they convert USD to your local currency is typically not the most favorable. Please see attached guide for details on how to complete a wire transfer.
A potential way to lessen the impact of trade fees, wire fees and exchange rates is to explore if there is local broker that can hold US shares. If you decide it is favorable to use a local broker, you may transfer your shares from your E*TRADE account to a local broker at no cost. See the attached guide for details on how to do this.
If you choose not to transfer shares to a local broker, it may be worth opening a USD account with an international bank that has a presence in your country. This would enable you to transfer any proceeds from E*TRADE in USD to your account and shop around for a more competitive exchange rate to your local currency.
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What about taxes?
We know taxes are confusing and often frustrating. Lineage is not able to offer our team members tax advice (each of our personal situations are different), but we’ve pulled together some basic context around what you can expect when it comes to taxation regarding your company stock/RSU awards.
US Team Members:
- Accessing Tax Documents: After preparing your tax documents, Morgan Stanley will include them in your Documents section of your online account. If you held shares in E*TRADE during 2024, you may have necessary tax documents in both platforms.
- Net Settlement for RSUs: Lineage uses net settlement for our Restricted Stock Units (RSUs) and Legacies Awards, meaning Lineage withheld a portion of your shares to pay estimated payroll tax owed on your vested stock awards. The value of your stock award is included in your W-2 Box 1 wages, and the taxes you paid when Lineage withheld your shares are included in the boxes on your W-2 that display taxes that were withheld during the year.
- Please also note that while Lineage withheld a portion of awards that vested, it is possible that due to your income and other factors, you may owe taxes for last year’s vesting events beyond what was withheld by Lineage.
It’s highly recommended that you work with a professional tax advisor to understand how your equity impacts your tax situation. The tax treatment of equity compensation is complex and may be subject to additional rules and exceptions that are not discussed here. It’s important that you understand the types of taxes you may be subject to when you receive equity, provide the right documents to your tax preparer to submit an accurate annual tax filing, etc.
Please note that Lineage does NOT sell shares to cover taxes. Therefore, you will only receive a 1099-B from E*TRADE if you sold shares on their platform.
- 1099-DIV for Dividends: If you held vested shares after the ex-dividend date for the dividend paid in a given year, a 1099-DIV will be available in E*TRADE, depending on where you hold your shares.
- Capital Gains Tax and Avoiding Double Taxation on RSUs: A common mistake is double taxation on RSUs. As noted above, estimated income tax on RSU awards were automatically withheld by Lineage, and such income and withholding were included in the W-2 provided by Lineage. If you sold shares in a given year, capital gains tax is likely due on any increase in the value of the shares that occurred between when your shares vested and when such shares were sold. Your Form 1099-B is what your tax provider or tax software will use to determine if you have any capital gains tax due and is only provided to you by Morgan Stanley if you sold shares.
The adjusted cost basis is the value used to assess if there was a capital gain when you sold your shares. Ensuring the adjusted cost basis is what is provided to your tax preparer or software is important to avoid paying double taxes. On the E*TRADE 1099-B, the cost basis shown is the adjusted cost basis. However, on E*TRADE’s 1099-B, there is a separate page titled "Stock Plan Transaction Supplement," which will list the adjusted cost basis to provide to your tax preparer or software.
- Additional Resources: The E*TRADE tax filing guide can be found here for your convenience. Additionally, you can attend a tax filing webinar with Morgan Stanley. You can register for the webinar by clicking this link: Webinar Registration.
- We hope this information is helpful as you prepare your taxes. If you have any questions or need further assistance, please do not hesitate to reach out to E*TRADE call us at 800-838-0908
Disclosure: These statements are for informational purposes only and not intended to be a formal opinion of tax consequences, and accordingly, it may not contain a full description of all the facts or a complete analysis of all relevant tax issues and authorities. The analysis and conclusions discussed are based on our understanding of the facts, assumptions, information, and documents referenced herein, as well as current tax laws and published tax authorities in effect as of the date of this presentation, which are subject to change. If the facts or assumptions described herein are incorrect or change, or the tax laws change, our analysis and conclusions would likewise be subject to change. Please consult a qualified tax advisor if you have any questions about your individual circumstances.
Canada Team Members:
- Accessing Tax Documents: E*TRADE generates a Release Confirmation in E*TRADE after an RSU vesting event is processed, which will detail the taxable compensation received and what Lineage withheld. Whenever you liquidate stock, E*TRADE will generate a trade confirmation detailing the transaction details.
- Net Settlement for RSUs: Lineage uses net settlement for our Restricted Stock Units (RSUs), meaning Lineage withheld a portion of your shares to pay estimated payroll tax owed on your vested stock awards and remitted the withholding to the CRA. The taxable benefit of your stock award will be included in box 14 and 38 of your T4 that Lineage provides after the end of the tax year.
Lineage withholds RSU income in Canada at the highest combined rate (inclusive of federal and provincial tax). Please also note that while Lineage withheld a portion of awards that vested, it is possible that due to your income and other factors, you may owe taxes for last year’s vesting events beyond what was withheld by Lineage.
It’s highly recommended that you work with a professional tax advisor to understand how your equity impacts your tax situation. The tax treatment of equity compensation is complex and may be subject to additional rules and exceptions that are not discussed here. It’s important that you understand the types of taxes you may be subject to when you receive equity, provide the right documents to your tax preparer to submit an accurate annual tax filing, etc.
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Dividends are payments made to shareholders from a portion of the company's earnings.
For shareholders, dividends are generally distributed after they are declared by the company and paid. Dividend declarations and payments are determined by Lineage and may change over time.
For REITs, dividend distributions for tax purposes are allocated to ordinary income, capital gains and return of capital (each of which can be taxed at a variety of unique tax rates).
All public companies, including REITs, are required to provide shareholders with information clearly stating how the prior year's dividends should be allocated for tax purposes.
The taxability of the dividend will be reported to you on your Form 1099-DIV. Further, Lineage will issue a press release in conjunction with the issuance of forms 1099 that describes the taxability of its annual dividends.
Note on Dividend Equivalent Rights (DERs): When Legacies Restricted Stock Units (RSUs) vest, recipients receive a lump-sum cash payment representing dividend equivalents that would have accumulated during the vesting period if the underlying shares had been fully vested and owned by the recipient during that time.
This lump-sum payment is processed through payroll, similar to regular cash payments, and is subject to standard payroll withholding.
This is a valuable benefit offered by Lineage that allows RSU holders to receive the equivalent value of dividends paid during the vesting period, helping ensure team members participate in the company's growth and success before their shares vest.
Disclosure: These statements are for informational purposes only and not intended to be a formal opinion of tax consequences, and accordingly, it may not contain a full description of all the facts or a complete analysis of all relevant tax issues and authorities. The analysis and conclusions discussed are based on our understanding of the facts, assumptions, information, and documents referenced herein, as well as current tax laws and published tax authorities in effect as of the date of this presentation, which are subject to change. If the facts or assumptions described herein are incorrect or change, or the tax laws change, our analysis and conclusions would likewise be subject to change. Please consult a qualified tax advisor if you have any questions about your individual circumstances.
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U.S. team members have access to additional financial advisory services from Morgan Stanley – including for questions relating to Lineage's various benefits and compensation programs. Morgan Stanley is also available more generally to offer advice regarding the big financial questions you and your family may face, such as:
- Saving for Retirement
- Basic Wealth Management
- How to create a budget plan
- Saving for a child's college education
- Managing Debt
These videos can be found on Lineage Benefits Micro Site (Lineage Logistics Benefits | Home) under Financial Wellbeing and Financial advisory services section.
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Once a stock award has vested, the shares are yours to keep, sell, or hold as you choose. You have no obligation to the company regarding vested shares– including in the case you end your employment at Lineage. As such, if you leave Lineage, you will not need to repay or return any vested shares.
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Participants can gift fully vested and earned shares. However, RSUs are non-transferable until they have vested. Please refer to the following one-pager from Morgan Stanley with some helpful tips and background.
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Please refer to the following instructions regarding the beneficiary process in E*TRADE for US Team Members and Canadian Team Members.
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Participants receiving RSUs based in the US do not need to take any action to accept their awards. Canadian participants, however, are required to complete all necessary steps and enrollment within 6 months of grant. If that is not completed, that grant will be cancelled, and all shares forfeited, regardless of employment status.
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Most email providers offer free email account options—here are quick links to create email accounts in Gmail and Yahoo.
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Participants can access the launch page through a web address. If no kiosk is available, please contact your HR partner to find out about free internet access and services in your area.
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Although we do not recommend it, team members are able to formally decline Legacies grants by emailing equity@onelineage.com within 45 days of the grant date. A team member will reach out to you to confirm your cancellation request.
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Your account remains active. You will continue to have access to your E*TRADE or Shareworks account, and your cash and stock will stay just as they are. You may continue to hold your shares in these accounts with no changes.
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Your PSUs will be issued after the performance period ends and the final performance shares have been confirmed. Once the distribution is finalized, your shares will be delivered to your Morgan Stanley E*TRADE account. You can activate your E*TRADE account using the activation email sent by Morgan Stanley. Once your account is activated, you will be able to log in, view your shares, and make transactions after the distribution has been completed.
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Your existing E*TRADE account will remain unchanged. During the activation of your new E*TRADE account, you will be asked whether you already have an E*TRADE login. Be sure to enter your current login information so both accounts can be merged under one login. Once merged, you will be able to access your original E*TRADE account (created through Shareworks) and your new E*TRADE account (where future vested shares will be delivered) using a single login.
Support Resources
No matter your experience level with stock ownership or Restricted Stock Units (RSUs), you likely have some questions.
Leverage these resources and quick links to find the information you need so you can make the most of your awards.
To get started with E*TRADE, most team members will need to activate their account by following the step-by-step account activation guide.
Non-US Team Member Guide: E*TRADE account activation.
US Team Members: Please click “Learn More” to access the US-specific guide to begin the account activation process.
Lineage team members can log in to E*TRADE via Workday or click the link below to access the E*TRADE login page - please note you must have previously created your account in order to log in.
Password reset instructions will be sent to the participant's email address – please refer to the following instructions.
We encourage you to speak with our partners at Morgan Stanley to help you evaluate the value of your awards and get advice regarding your financial situation. In addition to the online resources linked below, you can also call 1-800-838-0908 for support.
Non-US Team member guide: E*TRADE Account Management - Non US
Access easy resources and how-to’s for common actions you’ll need to take on Morgan Stanley’s E*TRADE platform, such as activating and unlocking your account, changing your password, etc.
Access a step-by-step W-8BEN tax guide supporting the account set up process.
Keeping track of your financial accounts is easier when you can see everything in one place.
Through your Morgan Stanley E*TRADE account, you can securely link eligible external financial accounts to create a consolidated view of your finances. This optional feature allows you to monitor your accounts from a single dashboard, making it easier to track your overall financial picture.
E*TRADE Support Center | Contact Us
You can also contact E*TRADE via phone using the numbers below:
- North America: 800-838-0908 | International call to E*Trade US Support 1-650-599-0125
- Australia: 1-800-531-856
- New Zealand: 0-800-440-934
- Singapore: 800-101-3467
- United Kingdom: 0-800-092-7732
- Hong Kong: 800-961-085
- Other locations: 1-650-599-0125, or find the appropriate number for your country here: E*TRADE Support Center
Tele-interpreter support is also provided in more than 140 languages
Monday - Friday, 12:00 a.m. - 11:59 p.m. ET
