Linde (LIN) SVP granted PSUs, RSUs and options, boosts share holdings

Rhea-AI Filing Summary

Linde plc senior vice president, Americas, Benjamin Glazer reported a series of equity compensation movements. He received new grants of 2,712 performance share units based on return on capital, 960 performance share units based on relative total shareholder return, 1,308 restricted stock units, and 10,661 stock options with a $483.6200 exercise price expiring in 2036. Previously granted performance and restricted stock units vested and were paid out in Ordinary Shares, with 2,076 shares withheld at $484.7400 per share to cover taxes. Following these transactions, he holds 14,891.2660 Ordinary Shares directly and 927.2500 indirectly through a 401(k), along with multiple remaining restricted stock unit and stock option awards that vest over several years.

Insights

Equity compensation analyst

Routine equity awards, option grant and vesting with tax withholding; no open‑market trading.

Benjamin Glazer, senior vice president, Americas at Linde plc, reported compensation-related equity activity. He received new performance share units, restricted stock units, and 10,661 stock options with a $483.6200 exercise price expiring in 2036-03-09. These are standard long-term incentive awards rather than open-market purchases.

Previously granted performance and restricted stock units vested and were paid out in Ordinary Shares, consistent with the one-for-one conversion terms in the footnotes. To cover tax obligations, 2,076 Ordinary Shares were withheld at $484.7400 per share, a non-market disposition that does not indicate a discretionary sale.

After these movements, Glazer holds 14,891.2660 Ordinary Shares directly and 927.2500 indirectly via a 401(k), plus multiple outstanding restricted stock unit and stock option grants with varying exercise prices and expirations through 2028-2035. With no open-market buying or selling and a neutral net buy/sell summary, the events appear as routine executive compensation and vesting, so overall impact is neutral.

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^*

Glazer Benjamin

(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)
	SVP, Americas

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		2,712(1)	A	$0	15,047.266	D
Ordinary Shares	03/09/2026		F		1,186(2)	D	$484.74	13,861.266	D
Ordinary Shares	03/09/2026		M		960(1)	A	$0	14,821.266	D
Ordinary Shares	03/09/2026		F		445(2)	D	$484.74	14,376.266	D
Ordinary Shares	03/09/2026		M		960(3)	A	$0	15,336.266	D
Ordinary Shares	03/09/2026		F		445(2)	D	$484.74	14,891.266	D
Ordinary Shares								927.25	I	401k

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 (ROC)	(4)	03/09/2026		A		2,712		(5)	(5)	Ordinary Shares	2,712	$0	2,712	D
Performance Share Units (ROC)	(4)	03/09/2026		M			2,712	(5)	(5)	Ordinary Shares	2,712	$0	0	D
Performance Share Units (RTSR)	(4)	03/09/2026		A		960		(6)	(6)	Ordinary Shares	960	$0	960	D
Performance Share Units (RTSR)	(4)	03/09/2026		M			960	(6)	(6)	Ordinary Shares	960	$0	0	D
Restricted Stock Units	(4)	03/09/2026		A		1,308		(7)	(7)	Ordinary Shares	1,308	$0	1,308	D
Restricted Stock Units	(4)	03/09/2026		M			960	(8)	(8)	Ordinary Shares	960	$0	0	D
Restricted Stock Units	(4)							(9)	(9)	Ordinary Shares	980		980	D
Restricted Stock Units	(4)							(10)	(10)	Ordinary Shares	1,064		1,064	D
Stock Options (right to buy)	$483.62	03/09/2026		A		10,661		(11)	03/09/2036	Ordinary Shares	10,661	$0	10,661	D
Stock Options (right to buy)	$468.77							(12)	03/07/2035	Ordinary Shares	7,468		7,468	D
Stock Options (right to buy)	$465.29							(13)	03/07/2034	Ordinary Shares	6,340		6,340	D
Stock Options (right to buy)	$354.14							(14)	03/07/2033	Ordinary Shares	6,325		6,325	D
Stock Options (right to buy)	$270.99							(15)	03/07/2032	Ordinary Shares	7,325		7,325	D
Stock Options (right to buy)	$253.68							(16)	03/08/2031	Ordinary Shares	6,390		6,390	D
Stock Options (right to buy)	$173.13							(17)	03/09/2030	Ordinary Shares	8,740		8,740	D
Stock Options (right to buy)	$176.13							(18)	03/20/2029	Ordinary Shares	9,745		9,745	D
Stock Options (right to buy)	$154							(19)	03/07/2028	Ordinary Shares	17,785		17,785	D
Deferred Stock Units	(4)							(20)	(20)	Ordinary Shares	271.762		271.762	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 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.

6. 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.

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 vested in full and paid out on March 9, 2026 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 March 7, 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. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.

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

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

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

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

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

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

18. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2020.

19. This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019.

20. Deferred stock units acquired under the Linde Compensation Deferral Plan ("Plan"). The deferred stock units will payout in Linde plc Ordinary Share on a one-for-one basis in accordance with the Plan.

Remarks:

	Anthony M. Pepper as attorney-in-fact	03/11/2026
	** 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 did Linde (LIN) executive Benjamin Glazer report in this Form 4?

Benjamin Glazer reported routine equity compensation activity, including new grants of performance share units, restricted stock units, and stock options, plus the vesting and payout of earlier awards into Linde plc Ordinary Shares with associated tax withholding.

How many new equity awards did Benjamin Glazer receive from Linde (LIN)?

Glazer received 2,712 performance share units tied to return on capital, 960 performance share units tied to relative total shareholder return, 1,308 restricted stock units, and 10,661 stock options with a $483.6200 exercise price, all linked to Linde plc Ordinary Shares on a one-for-one basis.

Did Benjamin Glazer sell any Linde (LIN) shares in the open market?

No open-market sales are shown. The filing reports F-code dispositions where 2,076 Ordinary Shares were withheld at $484.7400 per share to satisfy tax obligations on vested awards, a non-discretionary tax payment mechanism rather than a voluntary market sale.

How many Linde (LIN) shares does Benjamin Glazer own after these transactions?

After the reported transactions, Glazer holds 14,891.2660 Linde plc Ordinary Shares directly and an additional 927.2500 Ordinary Shares indirectly through a 401(k) plan, alongside various unexercised stock options and restricted stock unit awards referenced in the derivative holdings summary.

What stock option holdings does Benjamin Glazer retain in Linde (LIN)?

Glazer retains multiple stock option grants over Linde plc Ordinary Shares, including blocks such as 7,468 shares at $468.7700, 6,340 shares at $465.2900, and 17,785 shares at $154.0000, with expirations spanning from 2028-03-07 through 2035-03-07.

How were Benjamin Glazer’s performance share units in Linde (LIN) determined?

Footnotes explain his performance share units paid out on March 9, 2026, with share counts based on Linde plc’s average return on capital and relative total shareholder return from 2023-2025, measured against goals set by the Board’s Human Capital Committee when grants were made.

When will Benjamin Glazer’s new restricted stock units in Linde (LIN) vest?

According to the footnotes, certain restricted stock units will vest in full and pay out in Linde plc Ordinary Shares on or about March 9, 2029, with other tranches scheduled to vest on or about March 7, 2027 and March 7, 2028 on a one-for-one basis.