Durbin Sean 4

What Happened
Sean Durbin, Chief Operating Officer of Linde plc (LIN), received a series of stock awards and conversions/exercises reported March 9, 2026, and filed on March 11, 2026. The filing shows roughly 39,984 shares were issued to him via award payouts and option/derivative conversions (zero purchase price listed). To satisfy tax withholding, 3,602 shares were withheld/sold at $484.74 per share, producing proceeds of $1,746,033. Net from this activity, Durbin retained approximately 36,382 shares from the payouts.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
• Shares issued/received (grants, RSU/PSU payouts, derivative conversions): ~39,984 shares (various awards and conversions).
• Shares sold/withheld for taxes: 3,602 shares at $484.74 each, total proceeds $1,746,033. (Transaction code F = tax withholding/sale.)
• Transaction codes in the filing: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price / tax withholding.
• Footnotes indicate the shares came from PSU and RSU payouts and deferred stock units; PSU payouts were performance-based (ROC and relative TSR measured 2023–2025), and some RSUs vested and paid out on March 9, 2026. Shares were withheld to cover tax obligations (routine).
• No open-market sell for cash profit was reported — the disposals were tax withholdings rather than discretionary sales.

Context
This type of filing mostly reflects compensation vesting and conversion of previously granted derivative awards (options/PSUs/RSUs), not an independent buy or sell decision about the company’s outlook. The sale of shares here was to satisfy tax withholding (routine), which is different from an executive selling shares on the open market for liquidity or diversification. Transaction codes: P = purchase, S = sale, A = award, M = option exercise/conversion, F = tax withholding — this filing mainly used A, M and F.