Hoyt Kelcey E 4

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.