Linde (NYSE: LIN) SVP exercises options and sells 999 shares in Form 4
Rhea-AI Filing Summary
Linde plc Senior Vice President – APAC, Binod Patwari, exercised stock options for 1,525 Ordinary Shares on February 24, 2026 at an exercise price of $173.13 per share. The related derivative line shows 1,525 Stock Options exercised, reducing that specific option position to zero.
To cover obligations associated with this exercise, 526 Ordinary Shares were disposed of at $502.52 per share through a tax-withholding transaction, and 999 Ordinary Shares were sold in an open-market transaction at $502.765 per share. After these trades, Patwari directly holds 4,339 Ordinary Shares, along with multiple Restricted Stock Unit and option awards that vest in annual installments or pay out around March 7 in various years, as described in the award footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 1,525 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,525 | $173.13 | $264K |
| Tax Withholding | Ordinary Shares | 526 | $502.52 | $264K |
| Sale | Ordinary Shares | 999 | $502.765 | $502K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Performance Share Units (ROC) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Performance Share Units (RTSR) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Restricted Stock Units that will vest in full and payout on or about March 7, 2026 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. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023. The PSU paid out on 3/10/2025, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2022-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2022. 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 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 8, 2022. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026. The PSU paid out on 3/10/2025 and the number of shares awarded and paid out was determined based upon the total shareholder return ("TSR") of Linde plc from 2022-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2022. Restricted Stock Units that will vest in full and payout on or about March 7, 2025 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 7, 2025. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.
FAQ
What did Linde (LIN) executive Binod Patwari report in this Form 4?
Binod Patwari reported exercising 1,525 stock options into Linde Ordinary Shares, then disposing of some shares for taxes and selling 999 shares in the open market. The filing also updates his remaining direct holdings and outstanding equity awards.
What stock options did Binod Patwari exercise in the Linde (LIN) Form 4?
Patwari exercised 1,525 Stock Options with an exercise price of $173.13 per share, converting them into the same number of Linde Ordinary Shares. The corresponding option position shown in the filing was reduced to zero after this exercise event.
What future RSU and option vesting schedules are disclosed for Linde (LIN) executive Binod Patwari?
The footnotes describe multiple Restricted Stock Units and option grants that vest in three equal annual installments or pay out on or about March 7 in years including 2025, 2026, 2027, and 2028, subject to each award’s terms.