Linde (NYSE: LIN) SVP receives equity awards and exercises PSUs

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.

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^*

Pfann Oliver

(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)
	Senior Vice President, EMEA

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		642(1)	A	$0	3,786.675	D
Ordinary Shares	03/09/2026		F		328(2)	D	$484.74	3,458.675	D
Ordinary Shares	03/09/2026		M		230(1)	A	$0	3,688.675	D
Ordinary Shares	03/09/2026		F		118(2)	D	$484.74	3,570.675	D
Ordinary Shares	03/09/2026		M		230(3)	A	$0	3,800.675	D
Ordinary Shares	03/09/2026		F		118(2)	D	$484.74	3,682.675	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)	(4)	03/09/2026		A		642		(5)	(5)	Ordinary Shares	642	$0	642	D
Performance Share Units (ROC)	(4)	03/09/2026		M			642	(5)	(5)	Ordinary Shares	642	$0	0	D
Performance Share Units (RTSR)	(4)	03/09/2026		A		230		(6)	(6)	Ordinary Shares	230	$0	230	D
Performance Share Units (RTSR)	(4)	03/09/2026		M			230	(6)	(6)	Ordinary Shares	230	$0	0	D
Restricted Stock Units	(4)	03/09/2026		A		1,123		(7)	(7)	Ordinary Shares	1,123	$0	1,123	D
Restricted Stock Units	(4)	03/09/2026		M			230	(8)	(8)	Ordinary Shares	230	$0	0	D
Restricted Stock Units	(4)							(9)	(9)	Ordinary Shares	981		981	D
Restricted Stock Units	(4)							(10)	(10)	Ordinary Shares	905		905	D
Stock Options (right to buy)	$483.62	03/09/2026		A		9,149		(11)	03/09/2036	Ordinary Shares	9,149	$0	9,149	D
Stock Options (right to buy)	$468.77							(12)	03/07/2035	Ordinary Shares	6,890		6,890	D
Stock Options (right to buy)	$465.29							(13)	03/07/2034	Ordinary Shares	5,840		5,840	D
Stock Options (right to buy)	$354.14							(14)	03/07/2033	Ordinary Shares	1,000		1,000	D
Stock Options (right to buy)	$270.99							(15)	03/07/2032	Ordinary Shares	620		620	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, 2028 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, 2027 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.

Remarks:

	Anthony M. Pepper as attorney-in-fact	03/11/2026
	** Signature of Reporting Person	Date
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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.

Did Oliver Pfann of Linde (LIN) sell any shares in the open market?

No open-market sales were reported. Instead, 564 Linde ordinary shares were withheld at 484.7400 per share solely to satisfy tax obligations arising from equity payouts, which is categorized as tax-withholding dispositions rather than discretionary selling into the market.

How many Linde (LIN) ordinary shares does Oliver Pfann hold after these transactions?

After the reported equity grants, exercises, and tax withholdings, Oliver Pfann directly holds 3,682.675 Linde ordinary shares. This reflects shares issued from vested performance share units and restricted stock units, net of the shares withheld to cover related tax liabilities on March 9, 2026.

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.

How were Linde (LIN) performance share unit payouts for Oliver Pfann determined?

The performance share units granted in 2023 paid out on March 9, 2026. Awards tied to return on capital used Linde’s average ROC from 2023–2025, while those tied to relative total shareholder return used Linde’s TSR over the same period versus goals set by the board’s Human Capital Committee.

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.