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LINDE PLC·4

Mar 11, 5:15 PM ET

Patwari Binod 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) SVP Binod Patwari Exercises Awards; Shares Withheld for Taxes

What Happened Binod Patwari, Senior Vice President — APAC at Linde plc, received payouts/conversions of equity awards on March 9, 2026. The filing shows multiple award (A) and exercise/conversion (M) transactions (including a large PSU/RSU payout of 5,967 shares) that converted into ordinary Linde shares at $0 exercise price. To cover tax withholding obligations (F), the company withheld 121, 43 and 43 shares (total 207 shares) valued at $484.74 each, totaling about $100,342. There were no open-market sales for cash reported — the disposals were tax-withholding transactions.

Key Details

  • Transaction date: March 9, 2026; filing date: March 11, 2026 (timely filing).
  • Exercise/conversion entries show $0 exercise price (awards converted into shares).
  • Tax-withholding disposals: 121, 43 and 43 shares at $484.74 per share; total withheld ≈ $100,342.
  • Major award noted: 5,967 shares from PSU/RSU payout (plus additional smaller award/conversion lots such as 732, 548, 195 shares).
  • Footnotes: payouts relate to PSUs/RSUs granted March 7, 2023 and include performance-based PSUs (F5, F6) and vested RSUs (F8); F2 indicates shares were withheld to cover taxes.
  • Shares owned after the transactions: not specified in the provided filing excerpt.

Context

  • These transactions are routine-company award payouts and conversions rather than open-market purchases or voluntary sales. The withheld shares represent a cashless tax-withholding mechanism common when restricted/performanced-based awards vest or pay out.
  • PSU payout sizing was determined by performance metrics (ROC and TSR over 2023–2025 per filing footnotes), so the 5,967-share payout reflects those plan outcomes rather than a discretionary buy/sell by the insider.
  • No indication in the filing that Binod Patwari is a 10% owner or that trades were part of a 10b5-1 plan.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Patwari Binod
Senior Vice President - APAC
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+548→ 4,887 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−121$58,654→ 4,766 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+195→ 4,961 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−43$20,844→ 4,918 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+195→ 5,113 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−43$20,844→ 5,070 total
  • Award

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09+548→ 548 total
    → Ordinary Shares (548 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09−548→ 0 total
    → Ordinary Shares (548 underlying)
  • Award

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09+195→ 195 total
    → Ordinary Shares (195 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09−195→ 0 total
    → Ordinary Shares (195 underlying)
  • Award

    Restricted Stock Units

    [F4][F7]
    2026-03-09+732→ 732 total
    → Ordinary Shares (732 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F8]
    2026-03-09−195→ 0 total
    → Ordinary Shares (195 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+5,967→ 5,967 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (5,967 underlying)
Holdings

  • Restricted Stock Units

    [F4][F9]
    → Ordinary Shares (646 underlying)
    646

  • Restricted Stock Units

    [F4][F10]
    → Ordinary Shares (155 underlying)
    155

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (4,537 underlying)
    4,537

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (1,005 underlying)
    1,005

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (1,265 underlying)
    1,265

  • Stock Options (right to buy)

    [F15]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (1,625 underlying)
    1,625

  • Stock Options (right to buy)

    [F16]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (2,750 underlying)
    2,750
Footnotes (16)
  • [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.
  • [F16]This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.
  • [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_1773263721.xmlPrimary

    FORM 4