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LINDE PLC·4

Mar 11, 5:41 PM ET

White Matthew J 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) CFO Matthew J. White Receives Awards, Sells Shares for Taxes

What Happened

  • Matthew J. White, Chief Financial Officer of Linde plc, received 25,259 ordinary shares on March 9, 2026 as the payout/vesting of performance and restricted share awards. Many of those vested/converted awards show zero exercise price (they are awards, not open‑market purchases).
  • To cover tax withholding on the payout, 6,431 shares were withheld/sold at $484.74 per share, resulting in cash proceeds of approximately $3,117,363. These transactions are routine settlement of award tax obligations, not discretionary stock purchases or open‑market sales.

Key Details

  • Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely).
  • Award/vesting (codes A/M): 25,259 shares granted/converted at $0.00 (award/vesting of PSUs/RSUs).
  • Tax withholding/sale (code F): 6,431 shares withheld/sold at $484.74 each for ~$3,117,363 total.
  • Ownership after transaction: Not specified in the provided filing excerpt.
  • Notable footnotes:
    • F1/F5/F6: Part of payout included performance share units (PSUs) from March 7, 2023; payout amount was determined by multi‑year performance (ROC and RTSR).
    • F10/F3/F4: Restricted stock units and conversions paid out one‑for‑one in ordinary shares on March 9, 2026.
    • F2: Ordinary shares were withheld from the payout to cover tax withholdings (sell‑to‑cover).
  • Transaction codes explained: A = award/grant, M = option/exercise/conversion of derivative, F = payment of exercise price or tax withholding.

Context

  • This is a routine award payout and sell‑to‑cover for taxes (common when RSUs/PSUs vest). The awards were not purchases that signal insider confidence, nor were there open‑market discretionary sales beyond the withholding.
  • PSUs in this filing were performance‑based and their final share payout was determined by performance metrics set at grant (ROC and RTSR). The reported cash amount (~$3.12M) reflects proceeds from tax withholding only.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
White Matthew J
Chief Financial Officer
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+8,136→ 83,785.804 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−3,771$1,827,955→ 80,014.804 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+2,870→ 82,884.804 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−1,330$644,704→ 81,554.804 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+2,870→ 84,424.804 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−1,330$644,704→ 83,094.804 total
  • Award

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09+8,136→ 8,136 total
    → Ordinary Shares (8,136 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09−8,136→ 0 total
    → Ordinary Shares (8,136 underlying)
  • Award

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09+2,870→ 2,870 total
    → Ordinary Shares (2,870 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09−2,870→ 0 total
    → Ordinary Shares (2,870 underlying)
  • Award

    Restricted Stock Units

    [F4][F7]
    2026-03-09+3,098→ 3,098 total
    → Ordinary Shares (3,098 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F10]
    2026-03-09−2,870→ 0 total
    → Ordinary Shares (2,870 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+25,259→ 25,259 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (25,259 underlying)
Holdings

  • Ordinary Shares

    (indirect: By 401(k))
    3,096.221

  • Restricted Stock Units

    [F4][F8]
    → Ordinary Shares (2,728 underlying)
    2,728

  • Restricted Stock Units

    [F4][F9]
    → Ordinary Shares (2,625 underlying)
    2,625

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (19,156 underlying)
    19,156

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (17,015 underlying)
    17,015

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (18,970 underlying)
    18,970

  • Stock Options (right to buy)

    [F15]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (22,535 underlying)
    22,535

  • Stock Options (right to buy)

    [F15]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (34,320 underlying)
    34,320

  • Stock Options (right to buy)

    [F16]
    Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (43,695 underlying)
    43,695

  • Stock Options (right to buy)

    [F17]
    Exercise: $176.63Exp: 2029-03-20→ Ordinary Shares (47,020 underlying)
    47,020

  • Stock Options (right to buy)

    [F17]
    Exercise: $154.00Exp: 2028-02-27→ Ordinary Shares (64,665 underlying)
    64,665

  • Stock Options (right to buy)

    [F17]
    Exercise: $118.71Exp: 2027-02-28→ Ordinary Shares (72,795 underlying)
    72,795

  • Deferred Stock Units

    [F4][F18]
    → Ordinary Shares (1,541.952 underlying)
    1,541.952
Footnotes (18)
  • [F1]Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.
  • [F10]Restricted Stock Units that vested in full and paid out on March 9, 2026 in Linde plc Ordinary Shares on a one-for-one basis.
  • [F11]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.
  • [F12]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.
  • [F13]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.
  • [F14]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.
  • [F15]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.
  • [F16]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
  • [F17]This option vested in full and became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
  • [F18]Deferred stock units acquired under the Linde Compensation Deferral Plan ("Plan"). The deferred stock units will payout in Linde plc Ordinary Share on a one-for-one basis in accordance with the Plan.
  • [F2]Ordinary shares withheld from the payout to cover tax withholdings.
  • [F3]Ordinary shares acquired pursuant to the payout of a restricted stock unit grant made on March 7, 2023.
  • [F4]Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
  • [F5]The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
  • [F6]The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
  • [F7]Restricted Stock Units that will vest in full and payout on or about March 9, 2029 in Linde plc Ordinary Shares on a one-for-one basis.
  • [F8]Restricted Stock Units that will vest in full and payout on or about March 7, 2028 in Linde plc Ordinary Shares on a one-for-one basis.
  • [F9]Restricted Stock Units that will vest in full and payout on or about March 7, 2027 in Linde plc Ordinary Shares on a one-for-one basis.
Signature
Anthony M. Pepper as attorney-in-fact|2026-03-11

Documents

1 file
  • 4
    wk-form4_1773265270.xmlPrimary

    FORM 4