Natalie Matsler
About Natalie Matsler
Natalie Matsler is Chief Legal Officer and Corporate Secretary of Lineage, Inc., serving in this role since May 2022; she is 49 years old and previously held legal leadership roles at Lineage from 2014 to April 2021 . She rejoined Lineage from McCourt Partners (April 2021–May 2022) and began her legal career at Latham & Watkins LLP, later holding roles at Downey Savings and Loan Association and U.S. Bank; she holds a bachelor’s degree and a J.D. from UCLA . As Corporate Secretary, she signed the 2025 proxy and is named as attorney‑in‑fact on recent Section 16 powers of attorney, reflecting a central role in governance and compliance . Company performance context during her tenure includes 2024 revenue of $5.3 billion, Management Adjusted EBITDA of $1,342 million, and since the July 26, 2024 listing a TSR proxy of $100 → $72 by year‑end 2024, framing pay‑for‑performance guardrails and incentive calibration company‑wide .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Lineage, Inc. | Senior Vice President & Deputy General Counsel | 2014–Apr 2021 | Built internal legal leadership through growth and pre‑IPO period |
| McCourt Partners | Executive team member | Apr 2021–May 2022 | Led projects in real estate with green technology and resilient design |
| Latham & Watkins LLP | Attorney | Not disclosed | Foundational legal training in top-tier law firm environment |
| Downey Savings and Loan Association | Legal role | Not disclosed | Financial services legal experience |
| U.S. Bank | Legal role | Not disclosed | Banking legal/compliance experience |
External Roles
No public company directorships or committee roles are disclosed for Ms. Matsler .
Fixed Compensation
Not disclosed. Natalie Matsler is not a named executive officer in 2024; the proxy’s detailed compensation tables cover the CEO, CFO, CIO/CTO, COO, and CCO only .
Performance Compensation
Not disclosed. The company’s incentive design uses Management Adjusted EBITDA, AFFO per share, same‑warehouse NOI growth, and relative TSR modifiers for NEO equity awards; these frameworks inform senior executive incentives broadly but individual metrics/weights for Ms. Matsler are not provided .
Equity Ownership & Alignment
| Item | Status | Notes |
|---|---|---|
| Stock ownership guideline | 3x base salary | Applies to “other executive officers” (CEO 6x; CFO/COO 4x) with compliance deadline no later than July 24, 2029 or fifth anniversary of appointment |
| Hedging/pledging | Prohibited | Policy bans speculative trading, options/short sales, hedging/monetization, margin purchases, and pledging of company stock |
| Clawback policy | Adopted | Dodd‑Frank/Nasdaq‑compliant recovery of erroneously awarded incentive compensation for Section 16 officers on/after July 24, 2024 |
| Individual beneficial ownership | Not disclosed | Security ownership table lists directors and 2024 NEOs individually; Ms. Matsler is not enumerated |
| 10b5‑1 trading plans (Q3 2025) | None adopted/terminated | Company disclosed no new or terminated Rule 10b5‑1 or non‑Rule 10b5‑1 arrangements for directors/executive officers in Q3 2025 |
Employment Terms
- Role and tenure: Chief Legal Officer and Corporate Secretary since May 2022; signed the 2025 proxy as Corporate Secretary .
- Section 16 authority: Named attorney‑in‑fact on recent powers of attorney for Form 3/4/5 filings for other officers, evidencing centralized legal oversight of insider reporting .
- Ownership/Trading policies: Subject to company stock ownership guidelines (3x salary for other executive officers), clawback policy for erroneous incentive pay, and prohibitions on hedging and pledging .
- Insider trading arrangements: No adoption/termination of 10b5‑1 or non‑Rule 10b5‑1 plans by any director/executive officer in Q3 2025, reducing near‑term scheduled selling pressure signals .
- Non‑compete/non‑solicit: The Executive Severance Plan imposes 2‑year non‑compete and non‑solicit on participants; Ms. Matsler’s participation is not disclosed .
Investment Implications
- Alignment: Company‑wide guardrails—3x salary ownership guideline for other executive officers, clawback recovery, and strict hedging/pledging bans—indicate strong alignment and reduced governance risk for legal leadership; individual ownership and award detail for Ms. Matsler is not disclosed, limiting precision on skin‑in‑the‑game assessment .
- Selling pressure: No new/terminated 10b5‑1 trading arrangements in Q3 2025 for directors/executive officers lowers the probability of imminent pre‑scheduled insider sales; monitor future Item 408 disclosures for changes .
- Performance linkage context: Company incentives reference Management Adjusted EBITDA ($1,342M in 2024), AFFO/NOI growth, and relative TSR since listing ($100 → $72 by year‑end 2024), framing broader pay‑for‑performance calibration for senior leaders during Ms. Matsler’s tenure .
- Retention risk: Severance protections and non‑compete terms are robust for certain executives under the Severance Plan; absence of specific employment/severance terms for Ms. Matsler in public filings implies standard policy coverage rather than bespoke economics—continue monitoring 8‑K Item 5.02 for any amendments .