Equity awards restated for Linde (NYSE: LIN) SVP in Form 4/A
Rhea-AI Filing Summary
Patwari Binod reported acquisition or exercise transactions in this Form 4 filing.
Linde plc senior vice president Binod Patwari reported performance-based equity awards and their payout in Ordinary Shares. This Form 4 amendment fully restates an earlier filing and corrects that 548, 195 and 195 Ordinary Shares were paid out from two Performance Share Unit grants and one Restricted Stock Unit grant, with no shares withheld for taxes.
The performance share units were based on Linde’s average annual return on capital and relative total shareholder return for 2023–2025, and the restricted stock units vested in full and paid out on March 9, 2026. Following these conversions, Patwari directly holds 5,277 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 938 shares
Net Buy
8 txns
Insider
Patwari Binod
Role
Senior Vice President - APAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units (ROC) | 548 | $0.00 | $0.00 |
| Exercise | Performance Share Units (ROC) | 548 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units (RTSR) | 195 | $0.00 | $0.00 |
| Exercise | Performance Share Units (RTSR) | 195 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 195 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 548 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 195 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 195 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units (ROC) — 0 shares (Direct);
Performance Share Units (RTSR) — 0 shares (Direct);
Restricted Stock Units — 195 shares (Direct);
Ordinary Shares — 5,277 shares (Direct)
Footnotes (5)
- F1. (1) The purpose of this Form 4 amendment is to amend and entirely restate the Form 4 filed on March 11, 2026 (the "Original Form 4"). The Original Form 4 incorrectly reported in Table 1 that 121, 43 and 43 Ordinary Shares were withheld for taxes from the payouts of two Performance Share Unit ("PSU") grants, and one Restricted Stock Unit ("RSU") grant, each made on March 7, 2023. The Table 1 in this Form 4 Amendment now correctly reports that 548, 195 and 195 Ordinary Shares were paid out pursuant to the PSU and RSU grants made on March 7, 2023, and that no Ordinary Shares were withheld for taxes.
- F2. Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
- F3. The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
- F4. The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against RTSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
- F5. Restricted Stock Units that vested in full and paid out on March 9, 2026 in Linde plc Ordinary Shares on a one-for-one basis.
Key Figures
ROC PSU payout: 548 Ordinary Shares
RTSR PSU payout: 195 Ordinary Shares
RSU payout: 195 Ordinary Shares
+2 more
5 metrics
ROC PSU payout
548 Ordinary Shares
Performance Share Units (ROC) paid out March 9, 2026
RTSR PSU payout
195 Ordinary Shares
Performance Share Units (RTSR) paid out March 9, 2026
RSU payout
195 Ordinary Shares
Restricted Stock Units vested and paid out March 9, 2026
Derivative exercises
938 shares
Total derivative exercise shares in this filing
Ordinary Shares held
5,277 shares
Direct holdings after reported transactions
Key Terms
Performance Share Units (ROC), Performance Share Units (RTSR), Restricted Stock Units, return on capital ("ROC"), +2 more
6 terms
Restricted Stock Units financial
"Restricted Stock Units that vested in full and paid out on March 9, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
return on capital ("ROC") financial
"average annual return on capital ("ROC") of Linde plc from 2023-2025"
Form 4 amendment regulatory
"The purpose of this Form 4 amendment is to amend and entirely restate the Form 4"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Linde (LIN) executive Binod Patwari report in this Form 4/A?
Binod Patwari reported the payout of performance share units and restricted stock units into Linde plc Ordinary Shares. The filing shows these equity awards converted into 548, 195 and 195 Ordinary Shares, reflecting performance and time-based vesting rather than open-market share purchases or sales.
What is the purpose of this amended Form 4/A for Linde (LIN)?
The amendment fully restates a prior Form 4 to correct how share payouts and tax withholding were reported. It clarifies that 548, 195 and 195 Ordinary Shares were paid out from PSU and RSU grants and that no Ordinary Shares were withheld to cover taxes in these transactions.