Linde (NYSE: LIN) COO Sean Durbin receives stock awards and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Linde plc EVP and COO Sean Durbin reported multiple equity compensation events. Performance share units and restricted stock units granted in March 2023 vested on March 9, 2026, converting one-for-one into Linde ordinary shares. The company withheld 3,602 ordinary shares at $484.74 per share to cover tax obligations, which are not open-market sales.
Durbin also received new grants of 2,857 restricted stock units and 23,290 stock options with a $483.62 exercise price, vesting over three years beginning March 9, 2027. Following these transactions, he directly holds 12,264.559 ordinary shares and retains sizeable unexercised options and deferred/restricted stock units expiring between 2030 and 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,716 shares exercised/converted
Mixed
21 txns
Insider
Durbin Sean
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units (ROC) | 4,526 | $0.00 | -- |
| Exercise | Performance Share Units (ROC) | 4,526 | $0.00 | -- |
| Grant/Award | Performance Share Units (RTSR) | 1,595 | $0.00 | -- |
| Exercise | Performance Share Units (RTSR) | 1,595 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,857 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,595 | $0.00 | -- |
| Grant/Award | Stock Options (right to buy) | 23,290 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,526 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 2,112 | $484.74 | $1.02M |
| Exercise | Ordinary Shares | 1,595 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 745 | $484.74 | $361K |
| Exercise | Ordinary Shares | 1,595 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 745 | $484.74 | $361K |
| 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 | Deferred Stock Units | -- | -- | -- |
Holdings After Transaction:
Performance Share Units (ROC) — 4,526 shares (Direct);
Performance Share Units (RTSR) — 1,595 shares (Direct);
Restricted Stock Units — 2,857 shares (Direct);
Stock Options (right to buy) — 23,290 shares (Direct);
Ordinary Shares — 12,676.559 shares (Direct);
Deferred Stock Units — 391.203 shares (Direct)
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 ("RSU") grant made 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. 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. Conversion to Linde plc Ordinary Shares is on a one-for-one basis. 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 vested in full and paid out on March 9, 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. 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, 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 8, 2022. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021. Deferred stock units acquired under the Linde Compensation Deferral 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.
FAQ
What did Linde (LIN) EVP Sean Durbin report in this Form 4 filing?
Sean Durbin reported equity compensation activity, including vesting of prior performance and restricted stock units into ordinary shares and new grants of restricted stock units and stock options. The events reflect scheduled payouts and awards under Linde’s long-term incentive programs.
What new equity awards did Sean Durbin receive from Linde in this filing?
Durbin received 2,857 restricted stock units and 23,290 stock options with a $483.62 exercise price. The options vest in three equal annual installments beginning March 9, 2027, providing long-dated equity exposure aligned with Linde’s future performance.