Lamba Sanjiv 4

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.