Kaeser Josef 4

4 · LINDE PLC · Filed Mar 10, 2026

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Updated Mar 10, 2026

Linde (LIN) Director Josef Kaeser Receives 473-Share RSU Payout

What Happened

Josef Kaeser, a director of Linde plc, had a restricted stock unit (RSU) award vest on March 9, 2026 and was paid out in ordinary shares on a 1-for-1 basis. The payout was 473 shares (award code A). To satisfy tax withholding, 50.488 shares were withheld/disposed (code F) at an implied per-share value of $484.74, totaling about $24,474. The filing also reports conversion/exercise entries (code M) associated with converting the derivative RSU units into ordinary shares.

Key Details

Transaction date: March 9, 2026; Form 4 filed March 10, 2026 (timely filing).
Award vested and paid out: 473 RSU-derived ordinary shares (1-for-1 conversion).
Tax withholding: 50.488 shares withheld/disposed to cover taxes; withholding value ≈ $24,474 (share price shown $484.74).
Net shares received (after withholding): 473 − 50.488 = 422.512 ordinary shares.
Transaction codes in filing: A = award/grant; M = exercise/conversion of derivative; F = shares withheld for taxes.
Shares owned after transaction: not specified in the provided filing excerpt.
Footnotes: RSU grant originally made March 7, 2025; vested in full and paid out March 9, 2026; conversions are 1-for-1.

Context

This was a routine RSU vesting and tax-withholding event, not an open-market purchase or sale intended as a liquidity/market view signal. The “exercise/conversion” entries reflect conversion of RSU/derivative units into ordinary shares (cashless withholding of some shares to cover taxes). Such filings are common for vested equity compensation and do not by themselves indicate the director’s market sentiment.

Form 4

Period: 2026-03-09

Director

Transactions

Exercise/Conversion
Ordinary Shares
[F1]
2026-03-09+470.156→ 3,075.13 total
Tax Payment
Ordinary Shares
[F2]
2026-03-09$484.74/sh−50.488$24,474→ 3,024.642 total
Award
Restricted Stock Units
[F3][F4]
2026-03-09+473→ 473 total
Exercise: $0.00From: 2027-03-09Exp: 2027-03-09→ Ordinary Shares (473 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F5]
2026-03-09−470.156→ 0 total
Exercise: $0.00→ Ordinary Shares (470.156 underlying)

Footnotes (5)

[F1]Ordinary shares acquired pursuant to the payout of a restricted stock unit ("RSU") grant made on March 7, 2025.
[F2]Ordinary shares withheld from the RSU payout to cover tax withholdings.
[F3]Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis.
[F4]Restricted Stock Units that will vest in full and payout on or about March 9, 2027 in Linde plc Ordinary Shares on a one-for-one basis, provided that the awardee serves on the Linde plc Board of Directors continuously through the vesting date, except under certain circumstances in which a pro-rata payout may be made. .
[F5]This RSU award vested in full and paid out in Ordinary Shares on a one-for-one basis on March 9, 2026.

Signature

Anthony M. Pepper as attorney-in-fact|2026-03-10

1 file