LINDE PLC SEC Filings

Linde plc has issued three euro-denominated note tranches in the European debt market. The company sold €600 million Floating Rate Notes due 2028, €500 million 3.200% Notes due 2030 and €500 million 3.800% Notes due 2036 under its European debt issuance programme.

The transaction generated approximately €1,595 million in net proceeds after manager fees, which will be used for general corporate purposes. These notes are listed on the Luxembourg Stock Exchange’s official list and trade on its Euro MTF market, and are guaranteed by Linde GmbH and Linde Inc. under existing upstream guarantees.

Linde plc filed a shelf registration on to offer, from time to time, ordinary shares, preferred shares, depositary shares, warrants, securities purchase contracts, units and debt securities. The prospectus permits multiple offerings under a shelf structure and will be supplemented with specific terms for each offering.

The registration references a €25.0 billion European debt issuance program and states that debt of Linde plc and Linde Inc. will generally rank pari passu, with upstream and downstream guarantees from Linde Inc. and Linde GmbH and specified limitations on enforceability under applicable law.

Linde plc reported solid growth for the quarter ended March 31, 2026. Sales reached $8,781 million, up 8% from 2025, driven by higher prices, new project start-ups and favorable currency, with industrial gases growth offsetting slightly lower Engineering revenue.

Reported operating profit rose 12% to $2,439 million, lifting operating margin to 27.8%. Net income attributable to Linde plc increased 11% to $1,857 million, and diluted EPS grew 13% to $3.98, helped by higher profit and fewer shares. Cash from operations was strong at $2,240 million, funding $1,342 million of capital expenditures and share repurchases and dividends. Americas and APAC delivered double-digit sales growth, while EMEA improved profit despite softer volumes.

Linde plc reported strong first-quarter 2026 results with net income of $1.86 billion and diluted EPS of $3.98, up 11% and 13% from a year ago. Adjusted net income was $2.02 billion and adjusted EPS reached $4.33, 10% higher than prior year.

Sales were $8.78 billion, up 8%, driven by 2% pricing, 1% volume growth and 5% favorable currency, plus 1% from acquisitions. Adjusted operating profit rose 8% to $2.63 billion, yielding a 30.0% adjusted operating margin.

Operating cash flow was $2.24 billion, up 4%, with free cash flow of $898 million after $1.34 billion of capital expenditures. Linde returned $1.55 billion to shareholders through dividends and buybacks. The company reaffirmed an efficiency-focused model with a 24% adjusted after-tax return on capital and guided 2026 adjusted EPS to $17.60–$17.90, implying 7–9% growth.

Vanguard Capital Management reported beneficial ownership of 34,874,653 shares of Linde PLC, representing 7.52% of the outstanding common stock. The filing lists 4,641,583 shares as sole voting power and 34,874,653 shares as sole dispositive power. The CUSIP is G54950103.

The filing states these holdings are reported on behalf of Vanguard Capital Management and affiliated Vanguard entities and include shares held by Vanguard funds and managed accounts over which Vanguard exercises dispositive power.

Linde plc is asking shareholders to vote at its 2026 Annual General Meeting in London on July 28, 2026. Items include electing nine directors, ratifying PricewaterhouseCoopers as auditor, an advisory Say-On-Pay vote, approving a price range for re-allotting treasury shares under Irish law, and a shareholder proposal on renewable electricity reporting.

The company highlights 2025 sales of $34.0 billion with 3% growth, operating profit of $10.1 billion, a 29.8% operating margin, EPS of $16.46 up 6%, and after-tax return on capital of 24.2%. Linde generated $10.4 billion in operating cash flow, invested $5.3 billion in capital expenditures, and returned $7.4 billion to shareholders, including an 8% dividend increase.

Governance updates include Steve Angel’s retirement as Chairman and the Board’s decision to combine the Chairman and CEO roles under Sanjiv Lamba while maintaining Robert L. Wood as Lead Independent Director. The largely independent Board oversees strategy, capital allocation, risk, sustainability, and human capital, with robust stock ownership, anti-hedging and clawback policies tied to a pay-for-performance compensation framework.

Patwari Binod reported acquisition or exercise transactions in this Form 4 filing.

Linde plc senior vice president Binod Patwari reported performance-based equity awards and their payout in Ordinary Shares. This Form 4 amendment fully restates an earlier filing and corrects that 548, 195 and 195 Ordinary Shares were paid out from two Performance Share Unit grants and one Restricted Stock Unit grant, with no shares withheld for taxes.

The performance share units were based on Linde’s average annual return on capital and relative total shareholder return for 2023–2025, and the restricted stock units vested in full and paid out on March 9, 2026. Following these conversions, Patwari directly holds 5,277 Ordinary Shares.

LIN reported a Form 144 notice showing recent and planned transactions in Common Stock. The excerpt lists two sales by Stephen F. Angel Forge: 75,607 shares on 02/13/2026 for $36,119,600.08 and 37,263 shares on 02/24/2026 for $18,774,263.65. The filing also records a stock option exercise and a restricted stock vesting with vesting activity dated 03/08/2026.