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

Financial Analyst

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.

Corporate Governance Expert

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.

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

OMB Number:			3235-0287
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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^*

ANGEL STEPHEN F

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		G	V	25,000(1)	D	$0	455,542.502	D
Ordinary Shares								71,029	I	2010 Descendants Trust
Ordinary Shares								20,517	I	2012 Descendants Trust
Ordinary Shares								2,268	I	In trust for children
Ordinary Shares								11,152.107	I	401(k)

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
Restricted Stock Units	$0							(2)	(2)	Ordinary Shares	1,029.658		1,029.658	D
Restricted Stock Units	(3)							(3)	(3)	Ordinary Shares	11,619.731		11,619.731	D
Restricted Stock Units	(4)							(4)	(4)	Ordinary Shares	11,513.507		11,513.507	D
Restricted Stock Units	(5)							(5)	(5)	Ordinary Shares	11,528.591		11,528.591	D
Restricted Stock Units	(6)							(6)	(6)	Ordinary Shares	24,425.651		24,425.651	D
Restricted Stock Units	(7)							(7)	(7)	Ordinary Shares	31,777.473		31,777.473	D
Restricted Stock Units	(8)							(8)	(8)	Ordinary Shares	46,458.924		46,458.924	D
Restricted Stock Units	(9)							(9)	(9)	Ordinary Shares	26,505.458		26,667.965	D
Stock Options (right to buy)	$253.68(10)							03/08/2022(10)	03/08/2031(10)	Ordinary Shares	133,465		133,465	D
Stock Options (right to buy)	$173.13(11)							03/09/2021(11)	03/09/2030(11)	Ordinary Shares	169,560		169,560	D
Stock Options (right to buy)	$176.63(12)							03/20/2020(12)	03/20/2029(12)	Ordinary Shares	177,605		177,605	D
Stock Options (right to buy)	$154(13)							02/27/2019(13)	02/27/2028(13)	Ordinary Shares	318,780		318,780	D
Stock Options (right to buy)	$118.71(14)							02/28/2018(14)	02/28/2027	Ordinary Shares	74,850		74,850	D

Explanation of Responses:

1. Charitable gift of shares; no market transaction occurred.

2. 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.

3. 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.

4. Restricted Stock Units that have vested in full but whose payout has been deferred to a future date.

5. Restricted Stock Units granted March 20, 2019, that have vested in full but whose payout has been deferred to a future date.

6. Restricted Stock Units granted February 27, 2018, that have vested in full but whose payout has been deferred to a future date.

7. Restricted Stock Unit award granted February 28, 2017, that has vested in full but whose payout has been deferred to a future date.

8. Restricted Stock Units granted February 28, 2017, that have vested in full but whose payout has been deferred to a future date.

9. Restricted Stock Unit award granted February 23, 2016, that has vested in full but whose payout has been deferred to a future date.

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

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

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

13. This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019.

14. This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.

Remarks:

	Anthony M. Pepper as attorney-in-fact	08/19/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Stephen F. Angel report on Form 4 for LIN?

He reported a disposition of 25,000 ordinary shares on 08/18/2025 described as a charitable gift and listed his remaining holdings.

How many Linde (LIN) shares does the reporting person hold after the transaction?

The filing shows 455,542.502 ordinary shares held directly after the reported transaction, plus indirect holdings in trusts and a 401(k).

Was the 25,000-share transaction a market sale?

No. The filing states it was a charitable gift and notes $0 as the transaction price, indicating no market sale.

Does the Form 4 disclose other equity awards for the reporting person?

Yes. The filing lists multiple restricted stock units (RSUs) and stock options with grant dates, vesting terms, expiration dates, and underlying share amounts.

What is the reporting person’s relationship to Linde plc?

The form indicates the reporting person is a Director of Linde plc.