Linde (LIN) CEO Sanjiv Lamba receives PSUs, RSUs and major option grant

Rhea-AI Filing Summary

Linde plc Chairman & CEO Sanjiv Lamba reported a series of equity compensation transactions. On March 9, 2026, he received 19,892 Performance Share Units based on return on capital, 7,015 Performance Share Units based on relative total shareholder return, and 7,328 Restricted Stock Units, each convertible into Linde ordinary shares on a one-for-one basis.

On the same date, he exercised 19,892 and 7,015 Performance Share Units and 7,015 Restricted Stock Units into ordinary shares, with 9,218, 3,251 and 3,086 ordinary shares withheld at $484.74 per share to cover tax obligations. Following these transactions, he directly held 109,161.191 Linde ordinary shares and retained multiple Restricted Stock Units and stock option awards, including 59,746 options at an exercise price of $483.62 per share expiring on March 9, 2036.

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

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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^*

Lamba Sanjiv

(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
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

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		19,892(1)	A	$0	110,686.191	D
Ordinary Shares	03/09/2026		F		9,218(2)	D	$484.74	101,468.191	D
Ordinary Shares	03/09/2026		M		7,015(1)	A	$0	108,483.191	D
Ordinary Shares	03/09/2026		F		3,251(2)	D	$484.74	105,232.191	D
Ordinary Shares	03/09/2026		M		7,015(3)	A	$0	112,247.191	D
Ordinary Shares	03/09/2026		F		3,086(2)	D	$484.74	109,161.191	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		19,892		(5)	(5)	Ordinary Shares	19,892	$0	19,892	D
Performance Share Units (ROC)	(4)	03/09/2026		M			19,892	(5)	(5)	Ordinary Shares	19,892	$0	0	D
Performance Share Units (RTSR)	(4)	03/09/2026		A		7,015		(6)	(6)	Ordinary Shares	7,015	$0	7,015	D
Performance Share Units (RTSR)	(4)	03/09/2026		M			7,015	(6)	(6)	Ordinary Shares	7,015	$0	0	D
Restricted Stock Units	(4)	03/09/2026		A		7,328		(7)	(7)	Ordinary Shares	7,328	$0	7,328	D
Restricted Stock Units	(4)							(8)	(8)	Ordinary Shares	6,364		6,364	D
Restricted Stock Units	(4)							(9)	(9)	Ordinary Shares	6,405		6,405	D
Restricted Stock Units	(4)	03/09/2026		M			7,015	(10)	(10)	Ordinary Shares	7,015	$0	0	D
Stock Options (right to buy)	$483.62	03/09/2026		A		59,746		(11)	03/09/2036	Ordinary Shares	59,746	$0	59,746	D
Stock Options (right to buy)	$468.77							(12)	03/07/2035	Ordinary Shares	44,696		44,696	D
Stock Options (right to buy)	$465.29							(13)	03/07/2034	Ordinary Shares	41,530		41,530	D
Stock Options (right to buy)	$354.14							(14)	03/07/2033	Ordinary Shares	46,365		46,365	D
Stock Options (right to buy)	$270.99							(15)	03/07/2032	Ordinary Shares	54,920		54,920	D
Stock Options (right to buy)	$253.68							(16)	03/08/2031	Ordinary Shares	40,995		40,995	D
Stock Options (right to buy)	$173.13							(17)	03/09/2030	Ordinary Shares	37,565		37,565	D
Stock Options (right to buy)	$176.63							(18)	03/20/2029	Ordinary Shares	15,470		15,470	D
Deferred Stock Units	(4)							(19)	(19)	Ordinary Shares	546.348		546.348	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 RTSR 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. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.

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

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

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

19. 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	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).
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FAQ

What insider transactions did LIN Chairman & CEO Sanjiv Lamba report?

Sanjiv Lamba reported grants of Performance Share Units, Restricted Stock Units, and stock options, plus related share issuances and tax withholdings on March 9, 2026. These transactions reflect equity compensation vesting and new awards, not open-market buying or selling of Linde ordinary shares.

How many Linde ordinary shares does Sanjiv Lamba hold after the Form 4 transactions?

After the reported transactions on March 9, 2026, Sanjiv Lamba directly holds 109,161.191 Linde ordinary shares. This figure comes from the post-transaction ownership line in the filing and represents his direct, non-derivative share position excluding unexercised options and unvested share units.

What equity awards did Sanjiv Lamba receive in this Linde (LIN) Form 4?

On March 9, 2026, he received 19,892 Performance Share Units tied to return on capital, 7,015 Performance Share Units tied to relative total shareholder return, and 7,328 Restricted Stock Units, each exchangeable into Linde ordinary shares on a one-for-one basis under the company’s compensation programs.

Were any Linde shares sold by Sanjiv Lamba in the open market?

The Form 4 shows no open-market sales. It reports F-code dispositions where 9,218, 3,251 and 3,086 ordinary shares were withheld at $484.74 per share to pay taxes on equity vesting and exercises. Such F-code withholdings are not discretionary market sales.

What stock options does Sanjiv Lamba retain after these Linde (LIN) transactions?

He retains several stock option awards on Linde ordinary shares. Examples include 59,746 options at a $483.62 exercise price expiring March 9, 2036 and multiple earlier grants with exercise prices from $176.63 to $468.77 and expirations between 2029 and 2035, according to the derivative holdings table.

How were the Linde performance share unit payouts determined for Sanjiv Lamba?

Footnotes state the 2023 PSU grants paid out on March 9, 2026 based on Linde’s 2023–2025 performance. One grant used average annual return on capital versus ROC goals, and another used relative total shareholder return versus RTSR goals set by the board’s Human Capital Committee.