Innocenzi Stefanos 4

What Happened

• Stefanos Innocenzi, SVP, Linde Engineering, received 4,035 ordinary shares on June 8, 2026 under a restricted stock unit (RSU) payout (reported as conversion/exercise of a derivative, code M). Of those, 2,062 shares were withheld to cover tax withholdings (code F) at $507.90 per share, generating approximately $1,047,290 to satisfy tax obligations. The conversion recorded at $0.00 reflects RSU payout/settlement rather than a cash purchase price.
• This action is a routine RSU vesting and tax withholding—not an open-market sale or a purchase signaling new bullish exposure. Net shares added to his holdings from this payout = 4,035 − 2,062 = 1,973 shares (assuming no other simultaneous dispositions).

Key Details

• Transaction date: June 8, 2026. Tax-withheld shares disposed at $507.90 each (total ≈ $1,047,290).
• Reported transactions: two conversion/exercise (M) entries for 4,035 shares and one withholding (F) of 2,062 shares to cover taxes.
• Relevant footnotes: F1 (RSU payout from grant made June 5, 2023), F2 (shares withheld to cover tax withholdings), F3 (one-for-one conversion to Linde ordinary shares), F8 (these RSUs vested in full and paid out on June 8, 2026).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported on Form 4 filed June 10, 2026 for a June 8, 2026 transaction — appears timely (within required reporting window).

Context

• This was a vested RSU payout with share withholding for taxes (a common, administrative action). The conversion entries reflect settlement of RSUs into ordinary shares rather than exercising an option for cash; the withheld shares cover the tax bill rather than represent an open-market sale. Such withholdings are routine and do not necessarily indicate the insider’s view on the stock.