Durbin Sean 4

4 · LINDE PLC · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 12, 2026

Linde COO Sean Durbin Exercises Options, Sells Shares

What Happened

Sean Durbin, Chief Operating Officer of Linde plc (LIN), exercised 7,045 stock options on March 10, 2026 (exercise cost reported as $1,219,701, $173.13 per share) and converted those options into ordinary shares.
To cover the exercise price and tax withholdings, 4,639 shares were withheld (reported value $2,210,669). Separately, he sold 6,520 shares in open-market transactions on the same date for combined proceeds of $3,111,829 (4,114 shares at $477.78, $1,965,587; and 2,406 shares at $476.41, $1,146,242).
Aggregate reported value across the exercise, withholding and sales is about $6.54 million. These transactions include an option exercise (code M), tax withholding/share withholding (code F), and open-market sales (code S).

Key Details

Transaction date: March 10, 2026. Form 4 filed March 12, 2026 (timely within the standard two-business-day window).
Prices and amounts:
- Exercised 7,045 options at $173.13 (total $1,219,701).
- Withheld 4,639 shares at ~$476.54 (value $2,210,669) to cover exercise/taxes (footnote F1).
- Sold 4,114 shares at $477.78 ($1,965,587) and 2,406 shares at $476.41 ($1,146,242).
Footnotes: F1 indicates ordinary shares were withheld to cover exercise price and tax withholdings; F2 notes conversion to ordinary shares is on a one-for-one basis. (Other vesting footnotes listed in the filing relate to Linde award schedules but are not needed to interpret the March 10 transactions.)
Shares owned after the transactions: not disclosed in the provided data.

Context

This is a cashless-style outcome of an option exercise: options were exercised, and some of the resulting shares were withheld and/or sold to cover the exercise price and taxes. That is a common, administrative insider transaction and does not by itself indicate a change in insider sentiment.
Transaction codes: M = option exercise (acquired), F = shares withheld for taxes/exercise, S = sale (disposed).
No indication this is a 10% owner transaction; this appears to be routine executive compensation-related activity.

Form 4

Period: 2026-03-10

EVP, Chief Operating Officer

Transactions

Sale
Ordinary Shares
2026-03-10$477.78/sh−4,114$1,965,587→ 8,150.559 total
Exercise/Conversion
Ordinary Shares
2026-03-10$173.13/sh+7,045$1,219,701→ 15,195.559 total
Tax Payment
Ordinary Shares
[F1]
2026-03-10$476.54/sh−4,639$2,210,669→ 10,556.559 total
Sale
Ordinary Shares
2026-03-10$476.41/sh−2,406$1,146,242→ 8,150.559 total
Exercise/Conversion
Stock Options (right to buy)
[F11]
2026-03-10−7,045→ 0 total
Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (7,045 underlying)

Holdings

Restricted Stock Units
[F2][F3]
→ Ordinary Shares (2,857 underlying)
2,857
Restricted Stock Units
[F2][F4]
→ Ordinary Shares (1,551 underlying)
1,551
Restricted Stock Units
[F2][F5]
→ Ordinary Shares (1,470 underlying)
1,470
Stock Options (right to buy)
[F6]
Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (23,290 underlying)
23,290
Stock Options (right to buy)
[F7]
Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (10,889 underlying)
10,889
Stock Options (right to buy)
[F8]
Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (9,610 underlying)
9,610
Stock Options (right to buy)
[F9]
Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (10,540 underlying)
10,540
Stock Options (right to buy)
[F10]
Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (19,070 underlying)
19,070
Deferred Stock Units
[F2][F12]
→ Ordinary Shares (391.203 underlying)
391.203

Footnotes (12)

[F1]Ordinary shares withheld to cover exercise price and tax withholdings.
[F10]This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.
[F11]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
[F12]Deferred stock units acquired under the Linde Compensation Deferral Plan as amended ("Plan"). The deferred stock units will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Plan.
[F2]Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F3]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.
[F4]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.
[F5]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.
[F6]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.
[F7]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.
[F8]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.
[F9]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.

Signature

Anthony M. Pepper as attorney-in-fact|2026-03-12

1 file