Linde plc (LIN) director converts deferred stock units into shares

Rhea-AI Filing Summary

Linde plc director Stephen F. Angel reported a compensation-related share transaction. On January 20, 2026, 7,248.579 deferred stock units were paid out in Linde ordinary shares at a price of $0 per share under the Linde Compensation Deferral Plan. In connection with this payout, 2,552.269 ordinary shares were withheld at $440.04 per share to cover taxes.

After these transactions, Angel directly owned 460,238.812 Linde ordinary shares. He also reported additional indirect holdings, including 71,029 ordinary shares held through a 2010 Descendants Trust, along with other ordinary shares held in a 2012 Descendants Trust, in trust for children, and in a 401(k) account.

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^*

ANGEL STEPHEN F

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		M		7,248.579(1)	A	$0	462,791.081	D
Ordinary Shares	01/20/2026		F		2,552.269(2)	D	$440.04	460,238.812	D
Ordinary Shares								71,029	I	2010 Descendants Trust
Ordinary Shares								20,517	I	2012 Descendants Trust
Ordinary Shares								2,268	I	In trust for children
Ordinary Shares								11,226.623	I	401(k)

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
Restricted Stock Units	(3)							(3)	(3)	Ordinary Shares	1,029.658		1,029.658	D
Restricted Stock Units	(4)							(4)	(4)	Ordinary Shares	11,619.731		11,619.731	D
Restricted Stock Units	(5)							(5)	(5)	Ordinary Shares	11,513.507		11,513.507	D
Restricted Stock Units	(6)							(6)	(6)	Ordinary Shares	11,528.591		11,528.591	D
Restricted Stock Units	(7)							(7)	(7)	Ordinary Shares	24,425.651		24,425.651	D
Restricted Stock Units	(8)							(8)	(8)	Ordinary Shares	31,777.473		31,777.473	D
Restricted Stock Units	(9)							(9)	(9)	Ordinary Shares	46,458.924		46,458.924	D
Restricted Stock Units	(10)							(10)	(10)	Ordinary Shares	26,505.458		26,667.965	D
Stock Options (right to buy)	$253.68(11)							03/08/2022(11)	03/08/2031(11)	Ordinary Shares	133,465		133,465	D
Stock Options (right to buy)	$173.13(12)							03/09/2021(12)	03/09/2030(12)	Ordinary Shares	169,560		169,560	D
Stock Options (right to buy)	$176.63(13)							03/20/2020(13)	03/20/2029(13)	Ordinary Shares	177,605		177,605	D
Stock Options (right to buy)	$154(14)							02/27/2019(14)	02/27/2028(14)	Ordinary Shares	318,780		318,780	D
Stock Options (right to buy)	$118.71(15)							02/28/2018(15)	02/28/2027	Ordinary Shares	74,850		74,850	D
Deferred Stock Units	$0(16)	01/20/2026		M			7,248.579	(17)	(17)	Ordinary Shares	7,248.579	$0	102,579.018	D

Explanation of Responses:

1. Payout of Deferred Stock Units in ordinary shares pursuant to the Linde Compensation Deferral Plan.

2. Ordinary shares withheld to pay taxes on the Deferred Stock Unit payout.

3. The Restricted Stock Unit ("RSU") shall vest in full and payout in Ordinary Shares on a one-for-one basis one year after the March 7, 2025 date of grant, provided that the awardee serves on the Linde plc Board of Directors continuously through the vesting date, except under certain circumstances in which a pro-rata payout may be made.

4. Restricted Stock Units that will vest in full and payout on or about March 8, 2024 in Linde plc Ordinary Shares on a one-for-one basis.

5. Restricted Stock Units that have vested in full but whose payout has been deferred to a future date.

6. Restricted Stock Units granted March 20, 2019, that have vested in full but whose payout has been deferred to a future date.

7. Restricted Stock Units granted February 27, 2018, that have vested in full but whose payout has been deferred to a future date.

8. Restricted Stock Unit award granted February 28, 2017, that has vested in full but whose payout has been deferred to a future date.

9. Restricted Stock Units granted February 28, 2017, that have vested in full but whose payout has been deferred to a future date.

10. Restricted Stock Unit award granted February 23, 2016, that has vested in full but whose payout has been deferred to a future date.

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

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

13. This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020.

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

15. This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.

16. Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis

17. Deferred Stock Units acquired under the Linde Compensation Deferral Plan that will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Deferral Plan.

Remarks:

	Anthony M. Pepper as attorney-in-fact	01/21/2026
	** 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 insider activity did Linde (LIN) report for Stephen F. Angel?

Stephen F. Angel, a director of Linde plc, reported the payout of 7,248.579 deferred stock units into Linde ordinary shares on January 20, 2026 under the Linde Compensation Deferral Plan.

How many Linde ordinary shares were withheld for taxes in this Form 4?

In connection with the deferred stock unit payout, 2,552.269 Linde ordinary shares were withheld to pay taxes at a price of $440.04 per share.

How many Linde shares does Stephen F. Angel own directly after the reported transactions?

Following the reported transactions, Stephen F. Angel directly owned 460,238.812 Linde ordinary shares.

Does Stephen F. Angel have indirect holdings of Linde shares?

Yes. He reported indirect ownership of Linde ordinary shares, including 71,029 shares through a 2010 Descendants Trust, as well as additional shares via a 2012 Descendants Trust, a trust for children, and a 401(k) account.

What does the transaction code "M" mean in this Linde Form 4?

The "M" transaction code indicates the exercise or conversion of a derivative security, in this case the payout of 7,248.579 deferred stock units into Linde ordinary shares at $0 per share.

What does the transaction code "F" represent in this Linde Form 4?

The "F" transaction code reflects shares that were withheld to pay taxes on the deferred stock unit payout, specifically 2,552.269 ordinary shares at $440.04 per share.

Is this Linde Form 4 primarily about open-market buying or selling?

No. The reported transactions involve a payout of deferred stock units into shares and tax withholding in shares, rather than open-market purchases or discretionary sales.