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.

Insights

Equity compensation analyst

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hoyt Kelcey E

(Last) (First) (Middle)

C/O LINDE PLC

FORGE, 43 CHURCH STREET WEST

(Street)

WOKING SURREY X0 GU216HT

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LINDE PLC [ LIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Principal Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	03/09/2026		M		907(1)	A	$0	21,937.191	D
Ordinary Shares	03/09/2026		F		285(2)	D	$484.74	21,652.191	D
Ordinary Shares	03/09/2026		M		320(1)	A	$0	21,972.191	D
Ordinary Shares	03/09/2026		F		101(2)	D	$484.74	21,871.191	D
Ordinary Shares	03/09/2026		M		320(3)	A	$0	22,191.191	D
Ordinary Shares	03/09/2026		F		141(2)	D	$484.74	22,050.191	D
Ordinary Shares								567.573	I	401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units (RTSR)	(4)	03/09/2026		A		907		(5)	(5)	Ordinary Shares	907	$0	907	D
Performance Share Units (RTSR)	(4)	03/09/2026		M			907	(5)	(5)	Ordinary Shares	907	$0	0	D
Performance Share Units (ROC)	(4)	03/09/2026		A		320		(6)	(6)	Ordinary Shares	320	$0	320	D
Performance Share Units (ROC)	(4)	03/09/2026		M			320	(6)	(6)	Ordinary Shares	320	$0	0	D
Restricted Stock Units	(4)	03/09/2026		A		293		(7)	(7)	Ordinary Shares	293	$0	293	D
Restricted Stock Units	(4)							(8)	(8)	Ordinary Shares	265		265	D
Restricted Stock Units	(4)							(9)	(9)	Ordinary Shares	155		155	D
Restricted Stock Units	(4)							(10)	(10)	Ordinary Shares	288		288	D
Restricted Stock Units	(4)	03/09/2026		M			320	(11)	(11)	Ordinary Shares	320	$0	0	D
Stock Options (right to buy)	$483.62	03/09/2026		A		2,387		(12)	03/09/2036	Ordinary Shares	2,387	$0	2,387	D
Stock Options (right to buy)	$468.77							(13)	03/07/2035	Ordinary Shares	2,017		2,017	D
Stock Options (right to buy)	$465.29							(14)	03/07/2034	Ordinary Shares	1,720		1,720	D
Stock Options (right to buy)	$354.14							(15)	03/07/2033	Ordinary Shares	2,110		2,110	D
Stock Options (right to buy)	$270.99							(16)	03/07/2032	Ordinary Shares	2,680		2,680	D
Stock Options (right to buy)	$253.68							(17)	03/08/2031	Ordinary Shares	4,100		4,100	D
Stock Options (right to buy)	$173.13							(18)	03/09/2030	Ordinary Shares	5,545		5,545	D
Stock Options (right to buy)	$176.63							(19)	03/20/2029	Ordinary Shares	5,995		5,995	D
Deferred Stock Units	(4)							(20)	(20)	Ordinary Shares	180.368		180.368	D

Explanation of Responses:

1. Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.

2. Ordinary shares withheld from the payout to cover tax withholdings.

3. Ordinary shares acquired pursuant to the payout of a restricted stock unit grant made on March 7, 2023.

4. Conversion to Linde plc Ordinary Shares is on a one-for-one basis.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.

13. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.

14. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.

15. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.

16. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.

17. This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.

18. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.

19. This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020.

20. 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.

Remarks:

	Anthony M. Pepper as attorney-in-fact	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Linde (LIN) report for Kelcey E. Hoyt?

Linde reported equity compensation activity for Principal Accounting Officer Kelcey E. Hoyt, including new PSUs, RSUs, and stock option grants, along with the vesting and payout of earlier PSUs and RSUs into Ordinary Shares and related tax-withholding dispositions.

Did Kelcey E. Hoyt buy or sell Linde (LIN) shares on the open market?

The filing shows no open-market purchases or sales. All reported transactions involve grants of equity awards, vesting of prior PSUs and RSUs, option grants, and shares withheld to cover taxes, which are compensation and administrative events rather than discretionary market trades.

How many Linde Ordinary Shares does Kelcey E. Hoyt hold after these transactions?

After the reported transactions, Kelcey E. Hoyt directly holds 22,050.191 Linde Ordinary Shares. In addition, 567.573 Ordinary Shares are held indirectly through a 401(k) plan, and Hoyt also retains various unvested RSUs, deferred stock units, and unexercised stock options.

What new equity awards did Linde (LIN) grant to Kelcey E. Hoyt?

On March 9, 2026, Linde granted Hoyt 907 PSUs 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 March 2036.

Why were some Linde (LIN) shares disposed of in Kelcey E. Hoyt’s Form 4?

Dispositions reported under code F reflect 527 Ordinary Shares withheld at $484.74 per share to satisfy tax obligations on vesting equity. These are not open-market sales but an automatic mechanism where the company withholds shares instead of the insider paying cash taxes.

What unexercised stock options does Kelcey E. Hoyt still hold in Linde (LIN)?

The derivative holdings section shows multiple outstanding stock option grants over Linde Ordinary Shares, with exercise prices ranging from $173.13 to $468.77 and expiration dates from 2029 through 2035, plus the new 2,387‑share grant expiring in 2036.