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LINDE PLC·4

Mar 11, 4:34 PM ET

Hoyt Kelcey E 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) Principal Accounting Officer Hoyt Kelcey Exercises Awards, Shares Withheld

What Happened

  • Hoyt Kelcey, Principal Accounting Officer of Linde plc (LIN), received shares from awards/conversions and exercised related derivatives on March 9, 2026. The filing shows an aggregate acquisition of 2,387 ordinary shares (award/derivative conversions) and related option/derivative exercises. To satisfy tax withholding obligations, 527 shares were withheld/sold at $484.74 per share, generating approximately $255,458 in cash to cover taxes.
  • Transaction codes reported: A = award/grant, M = option/derivative exercise, F = payment to satisfy exercise price or tax liability. The F entries (285, 101, and 141 shares) correspond to shares withheld to cover taxes (footnote F2); other A/M entries reflect award vesting and derivative conversions (see footnotes F1, F3, F11).

Key Details

  • Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears timely).
  • Withholding price: $484.74 per share; total cash withheld/paid ≈ $255,458 (285 + 101 + 141 = 527 shares).
  • Total shares reported acquired via awards/conversion: 2,387 shares (per filing entries).
  • Footnotes of note: F1 (PSU payout), F11 (RSUs vested and paid out on March 9, 2026), F2 (shares withheld for tax withholdings). Several entries reference future vesting schedules for other option grants (F12–F19).
  • Shares owned after the transaction: not stated in the provided summary of the filing.

Context

  • These transactions appear to be award payouts and derivative exercises with a cashless component (shares withheld to cover taxes) rather than open‑market purchases or discretionary sales. Such withholding is routine tax-related activity and does not necessarily indicate a personal buy/sell decision about Linde stock.
  • For retail investors: buys (open-market purchases) are generally more informative as signals than routine award vesting and withholding. This filing documents compensation-related activity, not an outright investment purchase or targeted sale.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Hoyt Kelcey E
Principal Accounting Officer
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+907→ 21,937.191 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−285$138,151→ 21,652.191 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+320→ 21,972.191 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−101$48,959→ 21,871.191 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+320→ 22,191.191 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−141$68,348→ 22,050.191 total
  • Award

    Performance Share Units (RTSR)

    [F4][F5]
    2026-03-09+907→ 907 total
    → Ordinary Shares (907 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F4][F5]
    2026-03-09−907→ 0 total
    → Ordinary Shares (907 underlying)
  • Award

    Performance Share Units (ROC)

    [F4][F6]
    2026-03-09+320→ 320 total
    → Ordinary Shares (320 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4][F6]
    2026-03-09−320→ 0 total
    → Ordinary Shares (320 underlying)
  • Award

    Restricted Stock Units

    [F4][F7]
    2026-03-09+293→ 293 total
    → Ordinary Shares (293 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F11]
    2026-03-09−320→ 0 total
    → Ordinary Shares (320 underlying)
  • Award

    Stock Options (right to buy)

    [F12]
    2026-03-09+2,387→ 2,387 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (2,387 underlying)
Holdings

  • Ordinary Shares

    (indirect: By 401(k))
    567.573

  • Restricted Stock Units

    [F4][F8]
    → Ordinary Shares (265 underlying)
    265

  • Restricted Stock Units

    [F4][F9]
    → Ordinary Shares (155 underlying)
    155

  • Restricted Stock Units

    [F4][F10]
    → Ordinary Shares (288 underlying)
    288

  • Stock Options (right to buy)

    [F13]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (2,017 underlying)
    2,017

  • Stock Options (right to buy)

    [F14]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (1,720 underlying)
    1,720

  • Stock Options (right to buy)

    [F15]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (2,110 underlying)
    2,110

  • Stock Options (right to buy)

    [F16]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (2,680 underlying)
    2,680

  • Stock Options (right to buy)

    [F17]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (4,100 underlying)
    4,100

  • Stock Options (right to buy)

    [F18]
    Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (5,545 underlying)
    5,545

  • Stock Options (right to buy)

    [F19]
    Exercise: $176.63Exp: 2029-03-20→ Ordinary Shares (5,995 underlying)
    5,995

  • Deferred Stock Units

    [F4][F20]
    → Ordinary Shares (180.368 underlying)
    180.368
Footnotes (20)
  • [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]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.
  • [F12]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.
  • [F13]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.
  • [F14]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.
  • [F15]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.
  • [F16]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.
  • [F17]This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.
  • [F18]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
  • [F19]This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020.
  • [F2]Ordinary shares withheld from the payout to cover tax withholdings.
  • [F20]Deferred stock units acquired under the Compensation Deferred 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.
  • [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 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.
  • [F6]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.
  • [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, 2027 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 May 1, 2027 in Linde plc Ordinary Shares on a one-for-one basis.
Signature
Anthony M. Pepper as attorney-in-fact|2026-03-09

Documents

1 file
  • 4
    wk-form4_1773261276.xmlPrimary

    FORM 4