Linde (LIN) principal accounting officer gets PSUs, RSUs and options grants
Rhea-AI Filing Summary
Linde plc’s Principal Accounting Officer Kelcey E. Hoyt reported equity compensation and related share activity. On March 9, 2026, Hoyt received grants of 907 Performance Share Units tied to relative total shareholder return, 320 PSUs tied to return on capital, 293 Restricted Stock Units, and 2,387 stock options with a strike price of $483.62 per share expiring in 2036.
Previously granted PSUs and RSUs vested and were converted into 1,547 Ordinary Shares on a one-for-one basis, with 527 Ordinary Shares withheld at $484.74 per share to satisfy tax obligations. Following these transactions, Hoyt directly holds 22,050.191 Ordinary Shares and retains a substantial portfolio of unexercised options and unvested units, plus 567.573 Ordinary Shares held indirectly in a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
Routine equity awards and vesting events, with tax withholding, and no open‑market trading.
The transactions show Kelcey E. Hoyt receiving multiple equity-based awards from Linde plc, including PSUs, RSUs, and 2,387 stock options at an exercise price of $483.62, plus the payout of earlier grants into Ordinary Shares.
Code M entries reflect exercises/conversions of PSUs and RSUs into 1,547 Ordinary Shares, while code F transactions represent 527 shares withheld at $484.74 for tax obligations, not market sales. No open-market purchases or sales are reported, so signaling value for the share price is limited.
Derivative holdings data indicate significant remaining stock options and unvested RSUs with expirations through 2036, meaning a sizable, long-dated equity exposure for Hoyt. Future vesting schedules and option exercises will appear in later disclosures, but this set of transactions primarily documents ongoing compensation rather than strategic trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units (RTSR) | 907 | $0.00 | -- |
| Exercise | Performance Share Units (RTSR) | 907 | $0.00 | -- |
| Grant/Award | Performance Share Units (ROC) | 320 | $0.00 | -- |
| Exercise | Performance Share Units (ROC) | 320 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 293 | $0.00 | -- |
| Exercise | Restricted Stock Units | 320 | $0.00 | -- |
| Grant/Award | Stock Options (right to buy) | 2,387 | $0.00 | -- |
| Exercise | Ordinary Shares | 907 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 285 | $484.74 | $138K |
| Exercise | Ordinary Shares | 320 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 101 | $484.74 | $49K |
| Exercise | Ordinary Shares | 320 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 141 | $484.74 | $68K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023. Ordinary shares withheld from the payout to cover tax withholdings. Ordinary shares acquired pursuant to the payout of a restricted stock unit grant made on March 7, 2023. Conversion to Linde plc Ordinary Shares is on a one-for-one basis. 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 TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023. 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. Restricted Stock Units that will vest in full and payout on or about March 9, 2029 in Linde plc Ordinary Shares on a one-for-one basis. Restricted Stock Units that will vest in full and payout on or about March 7, 2027 in Linde plc Ordinary Shares on a one-for-one basis. Restricted Stock Units that will vest in full and payout on or about May 1, 2027 in Linde plc Ordinary Shares on a one-for-one basis. Restricted Stock Units that will vest in full and payout on or about March 7, 2028 in Linde plc Ordinary Shares on a one-for-one basis. 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. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023. This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021. This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020. Deferred stock units acquired under the Compensation Deferred Plan as amended ("Plan"). The deferred stock units will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Plan.
