Real Estate
Lineage Executive Compensation (FY25)
LINE · Novi, MI · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 12, 2026
207 figures on this page: 205 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Greg Lehmkuhl was paid $19,964,787 in total compensation as President and Chief Executive Officer for fiscal 2025, and Lehmkuhl's total was 71.2% lower than the $69,341,442 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 356:1, against median employee compensation of $56,102. The say-on-pay proposal drew 84.0% support at the meeting held June 9, 2026 for fiscal 2025. The disclosed peer group includes Americold Realty Trust, Inc., C.H. Robinson Worldwide, Inc., Conagra Brands, Inc., Digital Realty Trust, Inc. and Equinix, Inc., among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Greg Lehmkuhl: $69,341,442 → $19,964,787 (71.2% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Lineage's chief executive and what were they paid?
Greg Lehmkuhl was paid $19,964,787 in total compensation as President and Chief Executive Officer for fiscal 2025. Lehmkuhl's total was 71.2% lower than the $69,341,442 reported for fiscal 2024.
What was Lineage's say-on-pay result?
The say-on-pay proposal drew 84.0% support at the meeting held June 9, 2026 for fiscal 2025.
Which companies are in Lineage's peer group?
The disclosed peer group includes Americold Realty Trust, Inc., C.H. Robinson Worldwide, Inc., Conagra Brands, Inc., Digital Realty Trust, Inc. and Equinix, Inc., among others.
What is Lineage's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 356:1, against median employee compensation of $56,102.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Rob Crisci Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Greg Lehmkuhl President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Sudarsan Thattai | ◇ | — | ◇ | — | ◇ | — | ◇ | — not reconciled |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Greg Lehmkuhl President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Sudarsan Thattai | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Rob Crisci Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Rivera | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Timothy Smith | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Greg Lehmkuhl President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Rob Crisci Former Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jeffrey Rivera Global Chief Operations Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Sudarsan Thattai Chief Transformation Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Sean Vanderelzen Former Chief Human Resources Officer and President, Europe Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Timothy Smith Chief Commercial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Robb LeMasters Chief Financial Officer | ◇ | — | ◇ | — | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Greg Lehmkuhl | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Jeffrey Rivera | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Robb LeMasters | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| Sudarsan Thattai | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Sudarsan Thattai | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Rob Crisci | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Sean Vanderelzen | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Timothy Smith | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Jeffrey Rivera | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Greg Lehmkuhl | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Robb LeMasters | PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Lynn Wentworth Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Joy Falotico | ◇ | ◇ | — | — | — | — | ◇ |
Michael Turner | ◇ | ◇ | — | — | — | — | ◇ |
Shellye Archambeau | ◇ | ◇ | — | — | — | — | ◇ |
Adam Forste, Greg Lehmkuhl, James Wyper, John Carrafiell, Luke Taylor and Kevin Marchetti served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Americold Realty Trust, Inc. COLD
- C.H. Robinson Worldwide, Inc. CHRW
- Conagra Brands, Inc. CAG
- Digital Realty Trust, Inc. DLR
- Equinix, Inc. EQIX
- Extra Space Storage Inc. EXR
- Hilton Worldwide Holdings Inc. HLT
- Hyatt Hotels Corporation H
- J.B. Hunt Transport Services, Inc. JBHT
- Kellanova K
- Norfolk Southern Corporation NSC
- Old Dominion Freight Line, Inc. ODFL
- Prologis, Inc. PLD
- Public Storage PSA
- Simon Property Group, Inc. SPG
- US Foods Holding Corp. USFD
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 9, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 18, 2025 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Lineage disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lineage sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
207 figures on this page: 205 cited to the filing that reported them, 2 calculated from figures it prints.
205 cited to the filing
2 calculated from the filing
Documents cited
- 0001868159-26-000031Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001868159-26-000021CEO Pay Ratio · COMPENSATION OF DIRECTORS · Director Compensation · Grants of Plan-Based Awards · and 3 more sections
- 0001868159-25-000078Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001868159-25-000053Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lineage executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LINE (accessed 2026).
Short form: data: Velarion
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Real Estate rankings
Peers Lineage discloses
The companies named in LINE's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}