LIN Form 4: Director Stephen Angel Gifts 25,000 Linde Shares
Rhea-AI Filing Summary
Stephen F. Angel, a director of Linde plc (LIN), reported a change in beneficial ownership on Form 4. The filing shows a disposition on 08/18/2025 of 25,000 ordinary shares reported as a charitable gift with no market transaction and a $0 price. After the reported transaction the reporting person holds 455,542.502 ordinary shares directly and additional indirect holdings through trusts and a 401(k), including 71,029 shares via a 2010 Descendants Trust and other indirect interests. The filing also lists multiple outstanding restricted stock units and stock options with specified grant/expiration dates and share amounts.
Positive
- Transaction classified as a charitable gift, indicating no market sale occurred
- Substantial retained ownership: 455,542.502 direct shares plus meaningful indirect holdings
- Transparent disclosure of RSUs and option schedules with vesting and expiration details
Negative
- Direct holdings reduced by 25,000 shares following the charitable disposition
- Filing does not state the value of the gifted shares, limiting assessment of financial impact
Insights
TL;DR Minor non-market disposal for charity; overall economic interest remains substantial and equity incentives remain in force.
The 25,000-share disposal is reported as a charitable gift, not a sale, and the reporting person retains a sizeable direct position of 455,542.502 shares plus meaningful indirect holdings and long-dated option and RSU grants. The presence of numerous RSUs and options indicates ongoing alignment with shareholder outcomes, while the disposal modestly reduces direct share count but does not materially alter control or voting influence based on disclosed amounts.
TL;DR Transaction is routine and disclosed appropriately under Section 16; governance impact appears limited.
The filing properly classifies the transaction as a charitable gift and documents holdings across direct and indirect vehicles, including descendants' trusts and deferred payouts. Documentation of vesting schedules and exercise terms for options and RSUs supports transparency. No indication of insider trading or policy breach is evident from the reported items; the filing reinforces standard disclosure practices for directors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 25,000 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| 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) | -- | -- | -- |
| holding | Stock Options (right to buy) | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Charitable gift of shares; no market transaction occurred. 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. 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. Restricted Stock Units that have vested in full but whose payout has been deferred to a future date. Restricted Stock Units granted March 20, 2019, that have vested in full but whose payout has been deferred to a future date. Restricted Stock Units granted February 27, 2018, that have vested in full but whose payout has been deferred to a future date. Restricted Stock Unit award granted February 28, 2017, that has vested in full but whose payout has been deferred to a future date. Restricted Stock Units granted February 28, 2017, that have vested in full but whose payout has been deferred to a future date. Restricted Stock Unit award granted February 23, 2016, that has vested in full but whose payout has been deferred to a future date. This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021. This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020. This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019. This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.
