Patwari Binod 4

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.