[Form 4] Linde plc Ordinary Share Insider Trading Activity

Rhea-AI Filing Summary

Enders Thomas, a director of Linde plc (LIN), reported transactions dated 08/18/2025. The filing shows a gift of 2,500 ordinary shares (transaction code G) at a reported price of $0, leaving 10,594.803 ordinary shares beneficially owned following the transfer. The form also reports 467.02 restricted stock units (RSUs) that convert one-for-one into ordinary shares; those RSUs vest in full and pay out in shares one year after the March 7, 2025 grant date, subject to continuous board service with limited pro-rata exceptions. The Form 4 was signed by attorney-in-fact Anthony M. Pepper on 08/19/2025.

Positive

• Timely and clear disclosure of director share transfer and RSU terms consistent with Section 16 requirements
• RSU terms explicitly stated: one-for-one payout and defined vesting period tied to the March 7, 2025 grant date

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director gift and standard RSU vesting; transparency in reporting is appropriate and timely.

The gift of 2,500 ordinary shares by a board member is disclosed as a non-market transaction (code G) and does not include a cash consideration, indicating a transfer rather than a sale or purchase. The RSU award terms are explicit: vesting and one-for-one payout one year after the March 7, 2025 grant date, contingent on continuous board service, with limited pro-rata treatment in certain circumstances. Filing was executed by an attorney-in-fact the day after the transactions were reported, consistent with Section 16 timing practices. This disclosure aligns with standard governance practices for director compensation and share transfers.

Securities Analyst

TL;DR: Transaction appears immaterial to company capital structure; RSU vesting will add a small number of shares if fully paid out.

The reported gift of 2,500 shares and the 467.02 RSUs are explicitly stated in the filing, with RSUs converting one-for-one into ordinary shares after the stated vesting period. The filing does not describe any sale, exercise, or cash proceeds. No additional compensation amounts, market trades, or material changes to overall ownership percentages beyond the post-transaction holding reported are provided. Based on the document alone, these items are routine insider activity disclosures rather than material corporate events.

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^*

Enders Thomas

(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	2,500(1)	D	$0	10,594.803	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
Restricted Stock Units	$0(2)							(2)	(2)	Ordinary Shares	467.02		467.02	D

Explanation of Responses:

1. Gift of shares; no market transaction occurred.

2. The Restricted Stock Units ("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.

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 Enders Thomas report on the Form 4 for Linde plc (LIN)?

The Form 4 reports a gift of 2,500 ordinary shares on 08/18/2025 and ownership of 10,594.803 ordinary shares after the transaction.

Were any shares purchased or sold for cash in this filing?

No. The filing shows a gift (transaction code G) of 2,500 shares at a reported price of $0.

What are the terms of the restricted stock units (RSUs) reported?

The filing reports 467.02 RSUs that vest in full and convert one-for-one into ordinary shares one year after the March 7, 2025 grant date, subject to continuous board service with limited pro-rata exceptions.

When was the Form 4 signed and by whom?

The Form 4 was signed by Anthony M. Pepper as attorney-in-fact on 08/19/2025.

Does the filing state any price received from the transaction?

The reported price for the 2,500-share gift is listed as $0, indicating no cash consideration in the transfer.