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LINDE PLC·4

Mar 11, 3:39 PM ET

Bichara Guillermo 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) Exec VP Guillermo Bichara Exercises Awards, Sells Shares

What Happened
Guillermo Bichara, Executive Vice President & Chief Legal Officer of Linde plc (LIN), exercised/converted multiple derivative awards and received a series of equity awards/vests on March 9, 2026. The filing shows he acquired a total of 31,311 shares through exercises and awards (zero exercise price entries reflect conversion/award payouts). To cover tax withholding obligations, 3,765 shares were surrendered/withheld and disposed at $484.74 per share, generating $1,825,045 in proceeds.

Key Details

  • Transaction date (reporting period): March 9, 2026; Form 4 filed March 11, 2026 (appears timely).
  • Acquisitions: multiple exercises and awards reported, totaling 31,311 shares acquired (various RSU/PSU/derivative conversions).
  • Disposals (tax withholding): 3,765 shares disposed at $484.74 each for a total of $1,825,045. Transaction code F indicates ordinary shares were withheld/used to satisfy tax withholding.
  • Relevant footnotes: payouts reflect PSUs/RSUs and option vesting schedules (PSU payout metrics and RSU/PSU conversion 1-for-1 are noted in the filing). Footnote F2 denotes share withholding to cover tax liabilities; F4/F5 explain PSU payout metrics.
  • Shares owned after transaction: not provided in the data you supplied.

Context
This was largely an awards/vesting and exercise event with shares withheld to cover taxes (a common, routine cashless exercise/withholding). Transaction codes: M = option/exercise conversion, A = award/grant, F = tax withholding/payment. Because these were award payouts and withholdings rather than open‑market purchases or discretionary sales, they typically reflect compensation settlement and tax obligations rather than a direct trading view by the insider.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Bichara Guillermo
Exec VP & Chief Legal Officer
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+4,762→ 26,899.769 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−2,207$1,069,821→ 24,692.769 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+1,680→ 26,372.769 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−779$377,612→ 25,593.769 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+1,680→ 27,273.769 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−779$377,612→ 26,494.769 total
  • Award

    Performance Share Units (ROC)

    [F4]
    2026-03-09+4,762→ 4,762 total
    Exercise: $0.00→ Ordinary Shares (4,762 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4]
    2026-03-09−4,762→ 0 total
    Exercise: $0.00→ Ordinary Shares (4,762 underlying)
  • Award

    Performance Share Units (RTSR)

    [F5]
    2026-03-09+1,680→ 1,680 total
    Exercise: $0.00→ Ordinary Shares (1,680 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F5]
    2026-03-09−1,680→ 0 total
    Exercise: $0.00→ Ordinary Shares (1,680 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F7]
    2026-03-09−1,680→ 0 total
    → Ordinary Shares (1,680 underlying)
  • Award

    Restricted Stock Units

    [F6][F8]
    2026-03-09+1,830→ 1,830 total
    → Ordinary Shares (1,830 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+14,917→ 14,917 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (14,917 underlying)
Holdings

  • Ordinary Shares

    (indirect: By 401(k))
    2,944.983

  • Restricted Stock Units

    [F6][F9]
    → Ordinary Shares (1,570 underlying)
    1,570

  • Restricted Stock Units

    [F6][F10]
    → Ordinary Shares (1,613 underlying)
    1,613

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (11,326 underlying)
    11,326

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (10,345 underlying)
    10,345

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (11,085 underlying)
    11,085

  • Stock Options (right to buy)

    [F15]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (13,280 underlying)
    13,280

  • Stock Options (right to buy)

    [F16]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (20,975 underlying)
    20,975

  • Stock Options (right to buy)

    [F17]
    Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (26,155 underlying)
    26,155

  • Deferred Stock Units

    [F6][F18]
    → Ordinary Shares (852.647 underlying)
    852.647
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 will vest in full and payout on or about March 7, 2028 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 8, 2022.
  • [F17]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
  • [F18]Deferred stock units acquired under the Linde Compensation Deferral Plan as amended ("Plan"). The deferred stock units will payout in Linde plc Ordinary Shares 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 ("RSU") grant made on March 7, 2023.
  • [F4]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.
  • [F5]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 RTSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
  • [F6]Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis.
  • [F7]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.
  • [F8]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.
  • [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_1773257965.xmlPrimary

    FORM 4