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.
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Insights
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units (ROC) | 2,712 | $0.00 | -- |
| Exercise | Performance Share Units (ROC) | 2,712 | $0.00 | -- |
| Grant/Award | Performance Share Units (RTSR) | 960 | $0.00 | -- |
| Exercise | Performance Share Units (RTSR) | 960 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,308 | $0.00 | -- |
| Exercise | Restricted Stock Units | 960 | $0.00 | -- |
| Grant/Award | Stock Options (right to buy) | 10,661 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,712 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 1,186 | $484.74 | $575K |
| Exercise | Ordinary Shares | 960 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 445 | $484.74 | $216K |
| Exercise | Ordinary Shares | 960 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 445 | $484.74 | $216K |
| 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 | Stock Options (right to buy) | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
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 grant made on March 7, 2023. Conversion to Linde plc Ordinary Shares is on a one-for-one basis. 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. 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, 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, 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 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 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 vests over three years in three consecutive equal annual installments beginning on March 7, 2020. This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019. 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.
