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LINDE PLC·4

Mar 11, 5:32 PM ET

Pfann Oliver 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) SVP Oliver Pfann Receives Awards; 564 Shares Sold for Taxes

What Happened
Oliver Pfann, Senior Vice President, EMEA at Linde plc, received equity awards and converted derivative awards on March 9, 2026. In total 12,246 shares were issued/converted to ordinary shares (from performance share units and restricted stock units). To satisfy tax withholding requirements, 564 of those shares were surrendered/withheld and disposed of at $484.74/share, producing proceeds of $273,393. At the $484.74/share price used for tax withholding, the gross value of the issued shares is roughly $5.94 million and the net shares added to his holdings are about 11,682.

Key Details

  • Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears timely).
  • Actions reported: A = awards/grants (PSUs/RSUs), M = exercise/conversion of derivatives, F = shares withheld/disposed to cover tax liabilities.
  • Shares issued/converted (total): 12,246 shares.
  • Shares withheld/sold for taxes: 564 shares at $484.74 each = $273,393.
  • Net shares retained (approx.): 11,682 shares.
  • Relevant footnotes: PSU and RSU payouts from grants made March 7, 2023 (F1, F3); PSU payouts determined by performance metrics (ROC and RTSR) for 2023–2025 (F5, F6); certain RSUs vested and paid out March 9, 2026 (F8); ordinary shares withheld to cover tax withholdings (F2).
  • Shares owned after transaction: not disclosed in the provided data.

Context

  • Derivative/vesting explanation: Several entries are conversions/exercises of derivative awards (M) and grants/awards (A) — these reflect payout/conversion of PSUs and RSUs rather than open-market purchases or discretionary sales.
  • Tax withholding: The F-coded disposals are routine tax-withholding actions (cashless surrender of shares) to cover withholding obligations and should not be read as voluntary sales intended to express a market view.
  • No indication of a 10% owner transaction or a 10b5-1 plan in the provided footnotes.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Pfann Oliver
Senior Vice President, EMEA
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+642→ 3,786.675 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−328$158,995→ 3,458.675 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+230→ 3,688.675 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−118$57,199→ 3,570.675 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+230→ 3,800.675 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−118$57,199→ 3,682.675 total
  • Award

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09+642→ 642 total
    → Ordinary Shares (642 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09−642→ 0 total
    → Ordinary Shares (642 underlying)
  • Award

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09+230→ 230 total
    → Ordinary Shares (230 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09−230→ 0 total
    → Ordinary Shares (230 underlying)
  • Award

    Restricted Stock Units

    [F4][F7]
    2026-03-09+1,123→ 1,123 total
    → Ordinary Shares (1,123 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F8]
    2026-03-09−230→ 0 total
    → Ordinary Shares (230 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+9,149→ 9,149 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (9,149 underlying)
Holdings

  • Restricted Stock Units

    [F4][F9]
    → Ordinary Shares (981 underlying)
    981

  • Restricted Stock Units

    [F4][F10]
    → Ordinary Shares (905 underlying)
    905

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (6,890 underlying)
    6,890

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (5,840 underlying)
    5,840

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (1,000 underlying)
    1,000

  • Stock Options (right to buy)

    [F15]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (620 underlying)
    620
Footnotes (15)
  • [F1]Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.
  • [F10]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.
  • [F11]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.
  • [F12]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.
  • [F13]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.
  • [F14]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.
  • [F15]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.
  • [F2]Ordinary shares withheld from the payout to cover tax withholdings.
  • [F3]Ordinary shares acquired pursuant to the payout of a restricted stock unit grant made on March 7, 2023.
  • [F4]Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
  • [F5]The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
  • [F6]The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
  • [F7]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.
  • [F8]Restricted Stock Units that vested in full and paid out on March 9, 2026 in Linde plc Ordinary Shares on a one-for-one basis.
  • [F9]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.
Signature
Anthony M. Pepper as attorney-in-fact|2026-03-11

Documents

1 file
  • 4
    wk-form4_1773264741.xmlPrimary

    FORM 4