Linde (NYSE: LIN) SVP granted shares, RSUs and stock options

Rhea-AI Filing Summary

Linde plc SVP and Chief HR Officer Desiree Bacher reported routine equity compensation activity. She received performance share units tied to return on capital and relative total shareholder return, covering 727 and 260 underlying ordinary shares, as well as 503 restricted stock units and 4,098 stock options exercisable at 483.6200 per share.

Previously granted PSUs and RSUs from March 7, 2023 vested and paid out on March 9, 2026, delivering ordinary shares on a one-for-one basis. A total of 407 ordinary shares were withheld at 484.7400 per share to cover tax obligations, which reduced the net shares issued but did not involve open-market sales.

After these transactions, Bacher directly holds 979 ordinary shares. She also retains unexercised equity awards, including restricted stock units covering 309 and 300 ordinary shares, stock options covering 2,168, 1,920 and 1,690 shares with exercise prices between 354.1400 and 468.7700, and 61.637 deferred stock units, all convertible into ordinary shares on a one-for-one basis.

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

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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^*

Bacher Desiree

(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, Chief HR Officer

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		727(1)	A	$0	866	D
Ordinary Shares	03/09/2026		F		228(2)	D	$484.74	638	D
Ordinary Shares	03/09/2026		M		260(1)	A	$0	898	D
Ordinary Shares	03/09/2026		F		82(2)	D	$484.74	816	D
Ordinary Shares	03/09/2026		M		260(3)	A	$0	1,076	D
Ordinary Shares	03/09/2026		F		97(2)	D	$484.74	979	D

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)	$0(4)	03/09/2026		A		727		03/07/2026(5)	03/07/2026(5)	Ordinary Shares	727	$0	727	D
Performance Share Units (ROC)	$0(4)	03/09/2026		M			727	03/07/2026(5)	03/07/2026(5)	Ordinary Shares	727	$0	0	D
Performance Share Units (RTSR)	$0(4)	03/09/2026		A		260		03/07/2026(6)	03/07/2026(6)	Ordinary Shares	260	$0	260	D
Performance Share Units (RTSR)	$0(4)	03/09/2026		M			260	03/07/2026(6)	03/07/2026(6)	Ordinary Shares	260	$0	0	D
Restricted Stock Units	$0(4)	03/09/2026		A		503		(7)	(7)	Ordinary Shares	503	$0	503	D
Restricted Stock Units	(4)							(8)	(8)	Ordinary Shares	309		309	D
Restricted Stock Units	(4)							(9)	(9)	Ordinary Shares	300		300	D
Restricted Stock Units	(4)	03/09/2026		M			260	(10)	(10)	Ordinary Shares	260	$0	0	D
Stock Options (right to buy)	$483.62	03/09/2026		A		4,098		(11)	03/09/2036	Ordinary Shares	4,098	$0	4,098	D
Stock Options (right to buy)	$468.77							(12)	03/07/2035	Ordinary Shares	2,168		2,168	D
Stock Options (right to buy)	$465.29							(13)	03/07/2034	Ordinary Shares	1,920		1,920	D
Stock Options (right to buy)	$354.14							(14)	03/07/2033	Ordinary Shares	1,690		1,690	D
Deferred Stock Units	(4)							(15)	(15)	Ordinary Shares	61.637		61.637	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 ("RSU") 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 will vest in full and payout on or about March 7, 2028 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 vested in full and paid out on March 9, 2026, 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. 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).
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FAQ

What insider transactions did Linde (LIN) SVP Desiree Bacher report?

Desiree Bacher reported equity compensation activity, including vesting of prior performance and restricted stock units and a new grant of stock options. No open-market purchases or sales occurred; dispositions were shares withheld to satisfy tax obligations tied to these awards.

How many Linde ordinary shares does Desiree Bacher hold after this Form 4?

Following the reported transactions, Desiree Bacher directly holds 979 Linde plc ordinary shares. This figure reflects shares issued from vested units, net of 407 shares withheld to cover taxes on the payouts, as disclosed in the Form 4 and its accompanying footnotes.

What new equity awards did Linde grant to Desiree Bacher in this filing?

Bacher received 727 performance share units based on return on capital, 260 performance share units based on relative total shareholder return, 503 restricted stock units, and 4,098 stock options. The options have a 483.6200 exercise price and begin vesting in annual installments starting in 2027.

Were any Linde (LIN) shares sold on the open market in this Form 4?

No open-market sales were reported. The only share disposals were 407 ordinary shares withheld at 484.7400 per share. These F-code transactions covered tax liabilities associated with the vesting and payout of performance and restricted stock units.

What unvested or unexercised Linde equity awards does Desiree Bacher retain?

Bacher retains restricted stock units covering 309 and 300 underlying ordinary shares, stock options on 2,168, 1,920 and 1,690 shares with exercise prices between 354.1400 and 468.7700, plus 61.637 deferred stock units. Each unit or option is linked one-for-one to Linde ordinary shares.

How were Linde performance share unit payouts for Desiree Bacher determined?

The performance share units granted on March 7, 2023 paid out on March 9, 2026. Payouts were based on Linde’s average annual return on capital and relative total shareholder return from 2023–2025 versus goals set by the Board’s Human Capital Committee.