Patwari Binod 4

What Happened

• Patwari Binod, Senior Vice President – APAC at Linde plc, exercised 1,525 option-derived shares on Feb 24, 2026 (exercise price $173.13 per share; total cost $264,023). All 1,525 resulting shares were disposed the same day: 526 shares were withheld to cover taxes/withholding obligations (valued at $502.52 each, $264,326) and 999 shares were sold in the open market at $502.76 each (proceeds $502,262). In total, the disposed shares represent about $766,588 in value (withheld value + open-market sale).

Key Details

• Transaction date: Feb 24, 2026; Form 4 filed Feb 26, 2026 (appears timely).
• Exercise: 1,525 shares acquired via derivative exercise (transaction code M) at $173.13, total $264,023.
• Tax withholding: 526 shares withheld (transaction code F) at $502.52, value $264,326.
• Open-market sale: 999 shares sold (transaction code S) at $502.76, proceeds $502,262.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote context: the filing shows use of withholding to satisfy tax/exercise obligations (common "sell-to-cover" pattern); many plan-related footnotes appear in the filing (vesting schedules for RSUs/PSUs/options), but no 10b5-1 plan or gift is indicated for these transactions.

Context

• This is a cashless exercise / sell-to-cover: the insider exercised options and immediately used some shares to cover taxes/fees and sold the balance in the open market. Such transactions are typically routine actions to realize gains from vested equity rather than a clear signal of sentiment.
• Transaction codes: M = option exercise, F = payment of exercise price or tax liability (withholding), S = open-market sale.
• No indication in the provided excerpt that the filing was late or part of a scheduled trading plan; the disposal of all exercised shares means there was no long-term share accumulation shown in this specific transaction.