Pfann Oliver 4

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.