LIN Form 4: 640-Share Gift by Exec VP; RSUs and Options Listed
Rhea-AI Filing Summary
Guillermo Bichara, Executive Vice President & Chief Legal Officer of Linde plc (LIN), reported insider transactions dated 09/11/2025. The filing shows a gift disposition of 640 ordinary shares (transaction code G) with $0 received, reducing direct holdings to 22,137.769 ordinary shares. The report also discloses 2,890.178 shares held indirectly in a 401(k) plan. The Form 4 lists outstanding equity awards: restricted stock units totaling 4,863 RSUs scheduled to vest between 2026 and 2028, multiple stock options exercisable through 2035 representing specified share counts, and 794.534 deferred stock units payable one-for-one in ordinary shares under the company deferral plan.
Positive
- Continued substantial equity alignment through direct ownership, RSUs, deferred stock units, and multiple long-dated stock options
- Routine, transparent Section 16 disclosure with clear vesting schedules and indirect 401(k) holdings
Negative
- Disposition of 640 ordinary shares as a gift reported with $0 proceeds
- No information on beneficiary or recipient of the gifted shares is provided in the filing
Insights
TL;DR: Routine insider reporting shows a small gift disposition and sustained equity alignment with company compensation plans.
The Form 4 documents a gift of 640 shares by an officer and detailed holdings of equity awards and deferred units. The filing is standard in format and content for Section 16 reporting and confirms the reporting person's ongoing economic exposure through direct ownership, indirect 401(k) holdings, unvested RSUs, deferred stock units, and long-dated stock options. There is no indication of sales for cash proceeds or unusual transactions. From a governance perspective, continued ownership and deferred awards align management incentives with shareholders.
TL;DR: Transaction is immaterial to capital structure; options and RSUs indicate multi-year compensation exposure.
The disclosed grant and outstanding option schedule show staged vesting through 2035 and multiple strike prices. The gift removal of 640 shares at $0 reduces direct holdings but is not presented as a market sale. Reported derivative holdings include specified option lots and RSUs totaling 4,863 vested/vesting units plus 794.534 deferred units. These holdings imply a multi-year compensation profile rather than a near-term liquidity event. No cash proceeds or exercised-for-cash transactions are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 640 | $0.00 | -- |
| 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)
- Gift of shares; no market transaction occurred. 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. 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. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026. This option vested in full over three years in three consecutive equal annual installments beginning one year after the date of the grant. 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 vested over three years in three consecutive equal annual installments beginning on February 27, 2019. Conversion to Linde plc Ordinary Shares is on a one-to-one basis. 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.
