Earnings Feed
Start Free
LINDE PLC·4

Mar 11, 4:15 PM ET

Glazer Benjamin 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Linde (LIN) SVP Benjamin Glazer Receives Awards; Sells Shares for $1.01M

What Happened
Benjamin Glazer, SVP, Americas at Linde plc (LIN), received multiple equity awards and conversions on March 9, 2026 (performance shares / restricted stock units and related derivative conversions). To cover tax withholding on the payout, a total of 2,076 shares were withheld/disposed under tax withholding (code F) at a reported per-share value of $484.74, generating proceeds of approximately $1,006,320. Many of the entries are conversions/exercises of derivative awards (code M) and grant/award acquisitions (code A) reported at $0.00 per share (award conversions).

Key Details

  • Transaction date: March 9, 2026. Tax-withheld share disposals: 1,186 shares ($574,902) and two withholdings of 445 shares each ($215,709 each), total ≈ $1,006,320.
  • Transaction codes: M = option/derivative exercise or conversion; F = shares withheld/disposed to cover tax liability; A = grant/award acquisition.
  • Notable footnotes: PSUs paid out based on ROC and RTSR performance metrics (F5, F6); some RSUs vested and paid out on March 9, 2026 (F8); withheld shares used to satisfy tax obligations (F2).
  • Shares owned after the transactions are not specified in the provided excerpt.
  • Filing timeliness: marked late (L) — the filing was late, which can affect disclosure timeliness but does not change the reported transactions.

Context
This filing reflects award payouts and derivative conversions with shares withheld to cover taxes (a routine administrative step), not an open‑market sale for investment purposes. For derivative/option activity, the record shows conversions/exercises and simultaneous withholding to satisfy tax liabilities (common “cashless” style handling). These award-based transactions are different from an executive buying or selling shares on the open market and should be interpreted accordingly.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Glazer Benjamin
SVP, Americas
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+2,712→ 15,047.266 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−1,186$574,902→ 13,861.266 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+960→ 14,821.266 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−445$215,709→ 14,376.266 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+960→ 15,336.266 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−445$215,709→ 14,891.266 total
  • Award

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09+2,712→ 2,712 total
    → Ordinary Shares (2,712 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4][F5]
    2026-03-09−2,712→ 0 total
    → Ordinary Shares (2,712 underlying)
  • Award

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09+960→ 960 total
    → Ordinary Shares (960 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F4][F6]
    2026-03-09−960→ 0 total
    → Ordinary Shares (960 underlying)
  • Award

    Restricted Stock Units

    [F4][F7]
    2026-03-09+1,308→ 1,308 total
    → Ordinary Shares (1,308 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F8]
    2026-03-09−960→ 0 total
    → Ordinary Shares (960 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+10,661→ 10,661 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (10,661 underlying)
Holdings

  • Ordinary Shares

    (indirect: By 401(k))
    927.25

  • Restricted Stock Units

    [F4][F9]
    → Ordinary Shares (980 underlying)
    980

  • Restricted Stock Units

    [F4][F10]
    → Ordinary Shares (1,064 underlying)
    1,064

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (7,468 underlying)
    7,468

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (6,340 underlying)
    6,340

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (6,325 underlying)
    6,325

  • Stock Options (right to buy)

    [F15]
    Exercise: $270.99Exp: 2032-03-07→ Ordinary Shares (7,325 underlying)
    7,325

  • Stock Options (right to buy)

    [F16]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (6,390 underlying)
    6,390

  • Stock Options (right to buy)

    [F17]
    Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (8,740 underlying)
    8,740

  • Stock Options (right to buy)

    [F18]
    Exercise: $176.13Exp: 2029-03-20→ Ordinary Shares (9,745 underlying)
    9,745

  • Stock Options (right to buy)

    [F19]
    Exercise: $154.00Exp: 2028-03-07→ Ordinary Shares (17,785 underlying)
    17,785

  • Deferred Stock Units

    [F4][F20]
    → Ordinary Shares (271.762 underlying)
    271.762
Footnotes (20)
  • [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, 2028 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.
  • [F17]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
  • [F18]This option vests over three years in three consecutive equal annual installments beginning on March 7, 2020.
  • [F19]This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019.
  • [F2]Ordinary shares withheld from the payout to cover tax withholdings.
  • [F20]Deferred stock units acquired under the Linde Compensation Deferral Plan ("Plan"). The deferred stock units will payout in Linde plc Ordinary Share on a one-for-one basis in accordance with the Plan.
  • [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, 2027 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_1773260154.xmlPrimary

    FORM 4