Glazer Benjamin 4

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.