Linde (NYSE: LIN) SVP receives equity awards and exercises PSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Linde plc Senior Vice President, EMEA, Oliver Pfann reported equity compensation activity and related share issuances. On March 9, 2026, he received 642 performance share units tied to return on capital, 230 performance share units tied to relative total shareholder return, 1,123 restricted stock units, and 9,149 stock options with an exercise price of 483.6200 per share expiring in 2036.
Certain performance share units and restricted stock units granted in 2023 vested and paid out in Linde ordinary shares on a one-for-one basis, adding 1,102 shares through derivative exercises. A total of 564 ordinary shares were withheld at prices of 484.7400 per share to cover tax obligations, not as open-market sales. Following these transactions, Pfann directly holds 3,682.675 ordinary shares and continues to hold multiple tranches of unexercised stock options and restricted stock units scheduled to vest between 2027 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,102 shares exercised/converted
Mixed
19 txns
Insider
Pfann Oliver
Role
Senior Vice President, EMEA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units (ROC) | 642 | $0.00 | -- |
| Exercise | Performance Share Units (ROC) | 642 | $0.00 | -- |
| Grant/Award | Performance Share Units (RTSR) | 230 | $0.00 | -- |
| Exercise | Performance Share Units (RTSR) | 230 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,123 | $0.00 | -- |
| Exercise | Restricted Stock Units | 230 | $0.00 | -- |
| Grant/Award | Stock Options (right to buy) | 9,149 | $0.00 | -- |
| Exercise | Ordinary Shares | 642 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 328 | $484.74 | $159K |
| Exercise | Ordinary Shares | 230 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 118 | $484.74 | $57K |
| Exercise | Ordinary Shares | 230 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 118 | $484.74 | $57K |
| 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) | -- | -- | -- |
Holdings After Transaction:
Performance Share Units (ROC) — 642 shares (Direct);
Performance Share Units (RTSR) — 230 shares (Direct);
Restricted Stock Units — 1,123 shares (Direct);
Stock Options (right to buy) — 9,149 shares (Direct);
Ordinary Shares — 3,786.675 shares (Direct)
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, 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. 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.
FAQ
What equity awards did Linde (LIN) executive Oliver Pfann receive?
Oliver Pfann received new equity awards consisting of 642 performance share units based on return on capital, 230 performance share units based on relative total shareholder return, 1,123 restricted stock units, and 9,149 stock options with a strike price of 483.6200 per share expiring in 2036.
What derivative positions does Oliver Pfann retain in Linde (LIN) after the Form 4?
Pfann retains restricted stock units covering 981 and 905 underlying ordinary shares plus stock options for 6,890, 5,840, 1,000, and 620 shares. These options have exercise prices between 270.9900 and 468.7700 and expire from 2032 to 2035.
When will Oliver Pfann’s new Linde (LIN) restricted stock units vest?
The newly granted restricted stock units will vest in full and pay out in Linde ordinary shares on or about March 9, 2029. Additional previously granted restricted stock units are scheduled to vest around March 7, 2027 and March 7, 2028 on a one-for-one share basis.