Kaeser Josef 4

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• Footnotes: RSU grant originally made March 7, 2025; vested in full and paid out March 9, 2026; conversions are 1-for-1.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.