ANGEL STEPHEN F 4
Accession 0001190775-26-000002
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 3:37 PM ET
Size
30.3 KB
Accession
0001190775-26-000002
Research Summary
AI-generated summary of this filing
Linde (LIN) Director Stephen F. Angel Exercises Options, Shares Withheld
What Happened
Stephen F. Angel, a director of Linde plc, exercised derivative awards to acquire 7,248.579 ordinary shares on 2026-01-20. To satisfy tax withholding related to the payout, 2,552.269 of those shares were surrendered at an implied value of $440.04 per share, totaling $1,123,100. The exercise/conversion was reported as a 1-for-1 conversion of the derivative into ordinary shares.
Key Details
- Transaction date: January 20, 2026. Filing date: January 21, 2026 (timely filing).
- Exercise/acquisition: 7,248.579 shares (derivative exercise, code M).
- Tax/payment withholding: 2,552.269 shares withheld (code F) at $440.04/share = $1,123,100.
- Derivative disposition: The derivative awards underlying the 7,248.579 shares were converted/terminated (reported as disposed).
- Relevant footnotes: F16 = 1-for-1 conversion to ordinary shares; F2 = ordinary shares withheld to pay taxes.
- Shares owned after transaction: Not specified in the information provided in this summary — see the Form 4 for post-transaction holdings.
Context
This was an exercise of vested derivative awards with shares withheld to cover tax obligations (a routine cashless/withholding settlement), not an open-market sale. Such withholding is common and does not necessarily indicate a change in the director’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
[F1]2026-01-20+7,248.579→ 462,791.081 total - Tax Payment
Ordinary Shares
[F2]2026-01-20$440.04/sh−2,552.269$1,123,100→ 460,238.812 total - Exercise/Conversion
Deferred Stock Units
[F16][F17]2026-01-20−7,248.579→ 102,579.018 totalExercise: $0.00→ Ordinary Shares (7,248.579 underlying)
- 71,029(indirect: By Trust)
Ordinary Shares
- 20,517(indirect: By Trust)
Ordinary Shares
- 2,268(indirect: By Trust)
Ordinary Shares
- 11,226.623(indirect: By 401(k))
Ordinary Shares
- 1,029.658
Restricted Stock Units
[F3]→ Ordinary Shares (1,029.658 underlying) - 11,619.731
Restricted Stock Units
[F4]→ Ordinary Shares (11,619.731 underlying) - 11,513.507
Restricted Stock Units
[F5]→ Ordinary Shares (11,513.507 underlying) - 11,528.591
Restricted Stock Units
[F6]→ Ordinary Shares (11,528.591 underlying) - 24,425.651
Restricted Stock Units
[F7]→ Ordinary Shares (24,425.651 underlying) - 31,777.473
Restricted Stock Units
[F8]→ Ordinary Shares (31,777.473 underlying) - 46,458.924
Restricted Stock Units
[F9]→ Ordinary Shares (46,458.924 underlying) - 26,667.965
Restricted Stock Units
[F10]→ Ordinary Shares (26,505.458 underlying) - 133,465
Stock Options (right to buy)
[F11]Exercise: $253.68From: 2022-03-08Exp: 2031-03-08→ Ordinary Shares (133,465 underlying) - 169,560
Stock Options (right to buy)
[F12]Exercise: $173.13From: 2021-03-09Exp: 2030-03-09→ Ordinary Shares (169,560 underlying) - 177,605
Stock Options (right to buy)
[F13]Exercise: $176.63From: 2020-03-20Exp: 2029-03-20→ Ordinary Shares (177,605 underlying) - 318,780
Stock Options (right to buy)
[F14]Exercise: $154.00From: 2019-02-27Exp: 2028-02-27→ Ordinary Shares (318,780 underlying) - 74,850
Stock Options (right to buy)
[F15]Exercise: $118.71From: 2018-02-28Exp: 2027-02-28→ Ordinary Shares (74,850 underlying)
Footnotes (17)
- [F1]Payout of Deferred Stock Units in ordinary shares pursuant to the Linde Compensation Deferral Plan.
- [F10]Restricted Stock Unit award granted February 23, 2016, that has vested in full but whose payout has been deferred to a future date.
- [F11]This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.
- [F12]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
- [F13]This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020.
- [F14]This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019.
- [F15]This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.
- [F16]Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis
- [F17]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.
- [F2]Ordinary shares withheld to pay taxes on the Deferred Stock Unit payout.
- [F3]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.
- [F4]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.
- [F5]Restricted Stock Units that have vested in full but whose payout has been deferred to a future date.
- [F6]Restricted Stock Units granted March 20, 2019, that have vested in full but whose payout has been deferred to a future date.
- [F7]Restricted Stock Units granted February 27, 2018, that have vested in full but whose payout has been deferred to a future date.
- [F8]Restricted Stock Unit award granted February 28, 2017, that has vested in full but whose payout has been deferred to a future date.
- [F9]Restricted Stock Units granted February 28, 2017, that have vested in full but whose payout has been deferred to a future date.
Signature
Documents
Issuer
LINDE PLC
CIK 0001707925
Related Parties
1- filerCIK 0001190775
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 3:37 PM ET
- Size
- 30.3 KB