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LINDE PLC·4

Mar 11, 4:00 PM ET

Durbin Sean 4

4 · LINDE PLC · Filed Mar 11, 2026

Research Summary

AI-generated summary of this filing

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Linde (LIN) COO Sean Durbin Exercises Awards, Sells Shares to Cover Taxes

What Happened
Sean Durbin, Chief Operating Officer of Linde plc (LIN), received a series of stock awards and conversions/exercises reported March 9, 2026, and filed on March 11, 2026. The filing shows roughly 39,984 shares were issued to him via award payouts and option/derivative conversions (zero purchase price listed). To satisfy tax withholding, 3,602 shares were withheld/sold at $484.74 per share, producing proceeds of $1,746,033. Net from this activity, Durbin retained approximately 36,382 shares from the payouts.

Key Details

  • Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (timely filing).
  • Shares issued/received (grants, RSU/PSU payouts, derivative conversions): ~39,984 shares (various awards and conversions).
  • Shares sold/withheld for taxes: 3,602 shares at $484.74 each, total proceeds $1,746,033. (Transaction code F = tax withholding/sale.)
  • Transaction codes in the filing: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price / tax withholding.
  • Footnotes indicate the shares came from PSU and RSU payouts and deferred stock units; PSU payouts were performance-based (ROC and relative TSR measured 2023–2025), and some RSUs vested and paid out on March 9, 2026. Shares were withheld to cover tax obligations (routine).
  • No open-market sell for cash profit was reported — the disposals were tax withholdings rather than discretionary sales.

Context
This type of filing mostly reflects compensation vesting and conversion of previously granted derivative awards (options/PSUs/RSUs), not an independent buy or sell decision about the company’s outlook. The sale of shares here was to satisfy tax withholding (routine), which is different from an executive selling shares on the open market for liquidity or diversification. Transaction codes: P = purchase, S = sale, A = award, M = option exercise/conversion, F = tax withholding — this filing mainly used A, M and F.

Insider Transaction Report

Form 4
Period: 2026-03-09
LINDE PLCLIN
Durbin Sean
EVP, Chief Operating Officer
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+4,526→ 12,676.559 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−2,112$1,023,771→ 10,564.559 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-03-09+1,595→ 12,159.559 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−745$361,131→ 11,414.559 total
  • Exercise/Conversion

    Ordinary Shares

    [F3]
    2026-03-09+1,595→ 13,009.559 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-03-09$484.74/sh−745$361,131→ 12,264.559 total
  • Award

    Performance Share Units (ROC)

    [F4]
    2026-03-09+4,526→ 4,526 total
    Exercise: $0.00→ Ordinary Shares (4,526 underlying)
  • Exercise/Conversion

    Performance Share Units (ROC)

    [F4]
    2026-03-09−4,526→ 0 total
    Exercise: $0.00→ Ordinary Shares (4,526 underlying)
  • Award

    Performance Share Units (RTSR)

    [F5]
    2026-03-09+1,595→ 1,595 total
    Exercise: $0.00→ Ordinary Shares (1,595 underlying)
  • Exercise/Conversion

    Performance Share Units (RTSR)

    [F5]
    2026-03-09−1,595→ 0 total
    Exercise: $0.00→ Ordinary Shares (1,595 underlying)
  • Award

    Restricted Stock Units

    [F6][F7]
    2026-03-09+2,857→ 2,857 total
    → Ordinary Shares (2,857 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F8]
    2026-03-09−1,595→ 0 total
    → Ordinary Shares (1,595 underlying)
  • Award

    Stock Options (right to buy)

    [F11]
    2026-03-09+23,290→ 23,290 total
    Exercise: $483.62Exp: 2036-03-09→ Ordinary Shares (23,290 underlying)
Holdings

  • Restricted Stock Units

    [F9]
    Exercise: $0.00→ Ordinary Shares (1,551 underlying)
    1,551

  • Restricted Stock Units

    [F6][F10]
    → Ordinary Shares (1,470 underlying)
    1,470

  • Stock Options (right to buy)

    [F12]
    Exercise: $468.77Exp: 2035-03-07→ Ordinary Shares (10,889 underlying)
    10,889

  • Stock Options (right to buy)

    [F13]
    Exercise: $465.29Exp: 2034-03-07→ Ordinary Shares (9,610 underlying)
    9,610

  • Stock Options (right to buy)

    [F14]
    Exercise: $354.14Exp: 2033-03-07→ Ordinary Shares (10,540 underlying)
    10,540

  • Stock Options (right to buy)

    [F15]
    Exercise: $253.68Exp: 2031-03-08→ Ordinary Shares (19,070 underlying)
    19,070

  • Stock Options (right to buy)

    [F16]
    Exercise: $173.13Exp: 2030-03-09→ Ordinary Shares (7,045 underlying)
    7,045

  • Deferred Stock Units

    [F6][F17]
    → Ordinary Shares (391.203 underlying)
    391.203
Footnotes (17)
  • [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 8, 2022.
  • [F16]This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
  • [F17]Deferred stock units acquired under the Linde Compensation Deferral Plan as amended ("Plan"). The deferred stock units will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Plan.
  • [F2]Ordinary shares withheld from the payout to cover tax withholdings.
  • [F3]Ordinary shares acquired pursuant to the payout of a restricted stock unit ("RSU") grant made on March 7, 2023.
  • [F4]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.
  • [F5]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.
  • [F6]Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
  • [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_1773259200.xmlPrimary

    FORM 4