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LINDE PLC·4

Mar 11, 5:01 PM ET

Lamba Sanjiv 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) CEO Sanjiv Lamba Exercises Options and Sells Shares

What Happened

  • Sanjiv Lamba, Chairman & CEO and a director of Linde plc, had equity awards and derivative instruments convert/vest on March 9, 2026. Roughly 93,981 shares were issued/converted/paid out to him (from PSU/RSU payouts and option conversions), and 15,555 shares were withheld to satisfy tax withholding obligations. The withheld shares were valued at $484.74 each, totaling about $7,540,131. These transactions are routine compensation vesting and tax-withholding actions rather than open-market purchases or voluntary sales.

Key Details

  • Transaction date: March 9, 2026 (filed March 11, 2026).
  • Shares received (approx.): 93,981 shares from awards/conversions (PSUs/RSUs/options).
  • Shares withheld for taxes: 15,555 shares at $484.74 each = $7,540,131 (reported as "F" — payment of tax liability / shares withheld).
  • Transaction codes: M = option/derivative exercise or conversion; A = grant/award; F = tax withholding/ payment of exercise price or tax liability.
  • Relevant footnotes: payouts tied to PSUs/RSUs (grants dated March 7, 2023) and performance metrics (ROC and TSR) determined the PSU payout. F2 notes shares withheld for tax withholding.
  • Shares owned after the transaction were not stated in the information provided.
  • Filing timeliness: filing appears timely (transaction 3/9/2026; filing 3/11/2026); no late filing indicated.

Context

  • This was primarily a compensation event: PSUs/RSUs paid out and options/derivatives converted, with a net settlement (shares withheld) to cover taxes. That is a routine administrative transaction and should not be read as a deliberate open-market sale or buy signal. For derivative exercises where shares are immediately withheld/surrendered to cover taxes, the economic effect is tax settlement rather than a market disposition.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Lamba Sanjiv
DirectorChairman & CEO
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+19,892→ 110,686.191 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−9,218$4,468,333→ 101,468.191 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+7,015→ 108,483.191 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−3,251$1,575,890→ 105,232.191 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+7,015→ 112,247.191 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−3,086$1,495,908→ 109,161.191 total
  • Award

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09+19,892→ 19,892 total
    → Ordinary Shares (19,892 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09−19,892→ 0 total
    → Ordinary Shares (19,892 underlying)
  • Award

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09+7,015→ 7,015 total
    → Ordinary Shares (7,015 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09−7,015→ 0 total
    → Ordinary Shares (7,015 underlying)
  • Award

    Restricted Stock Units

    [F4][F7]
    2026-03-09+7,328→ 7,328 total
    → Ordinary Shares (7,328 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F10]
    2026-03-09−7,015→ 0 total
    → Ordinary Shares (7,015 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+59,746→ 59,746 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (59,746 underlying)
Holdings

  • Restricted Stock Units

    [F4][F8]
    → Ordinary Shares (6,364 underlying)
    6,364

  • Restricted Stock Units

    [F4][F9]
    → Ordinary Shares (6,405 underlying)
    6,405

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (44,696 underlying)
    44,696

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (41,530 underlying)
    41,530

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (46,365 underlying)
    46,365

  • Stock Options (right to buy)

    [F15]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (54,920 underlying)
    54,920

  • Stock Options (right to buy)

    [F16]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (40,995 underlying)
    40,995

  • Stock Options (right to buy)

    [F17]
    Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (37,565 underlying)
    37,565

  • Stock Options (right to buy)

    [F18]
    Exercise: $176.63Exp: 2029-03-20→ Ordinary Shares (15,470 underlying)
    15,470

  • Deferred Stock Units

    [F4][F19]
    → Ordinary Shares (546.348 underlying)
    546.348
Footnotes (19)
  • [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 8, 2022.
  • [F17]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
  • [F18]This option vests over three years in three consecutive equal annual installments beginning March 20, 2020.
  • [F19]Deferred Stock Units acquired under the Linde Compensation Deferral Plan that will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Deferral 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 RTSR 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_1773262867.xmlPrimary

    FORM 4