Form 4: Linde Exec Gifts Shares; Updates Holdings

Linde PLC's Executive VP & Chief Legal Officer, Guillermo Bichara, reported a gift of 640 ordinary shares, updating his beneficial ownership.

Summary

• Guillermo Bichara, Executive VP & Chief Legal Officer of Linde PLC, reported changes in his beneficial ownership through a Form 4 filing.
• He gifted 640 ordinary shares on September 11, 2025, with no market transaction occurring for this specific event.
• Following this transaction, his direct beneficial ownership of ordinary shares stands at 22,137.769.
• He also indirectly holds 2,890.178 ordinary shares through a 401(k) plan.
• The filing details holdings of Restricted Stock Units (RSUs) including 1,613 units vesting around March 7, 2028; 1,570 units vesting around March 7, 2027; and 1,680 units vesting around March 7, 2026.
• Stock option holdings include 11,326 shares with an exercise price of $468.77 (expiring March 7, 2035), 10,345 shares at $465.29 (expiring March 7, 2034), 11,085 shares at $354.14 (expiring March 7, 2033), 13,280 shares at $270.99 (expiring March 7, 2032), 20,975 shares at $253.68 (expiring March 8, 2031), 26,155 shares at $173.13 (expiring March 9, 2030), and 38,800 shares at $154 (expiring February 27, 2028).
• He additionally holds 794.534 Deferred Stock Units, which will convert to Linde plc Ordinary Shares on a one-to-one basis in accordance with the Linde Compensation Deferral Plan.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an insider transaction (a gift of shares) and does not inherently convey positive or negative sentiment regarding the company's operational or financial performance. It simply updates beneficial ownership.

Future Outlook

The filing details future vesting schedules for Restricted Stock Units and Stock Options, indicating future share payouts and potential exercises based on the company's compensation plans. Deferred Stock Units will also payout in Linde plc Ordinary Shares in accordance with the plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions and holdings, specific to Linde PLC's Executive VP & Chief Legal Officer. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency into an executive's equity holdings and a minor change in direct ownership due to a gift. The impact on overall share price is expected to be negligible given the small number of shares relative to the company's market capitalization.

Next Steps

• Vesting and payout of 1,680 Restricted Stock Units on or about March 7, 2026.
• Start of vesting for 11,326 stock options (exercise price $468.77) on March 7, 2026.
• Vesting and payout of 1,570 Restricted Stock Units on or about March 7, 2027.
• Expiration of 38,800 stock options (exercise price $154) on February 27, 2028.
• Vesting and payout of 1,613 Restricted Stock Units on or about March 7, 2028.
• Expiration of 26,155 stock options (exercise price $173.13) on March 9, 2030.
• Expiration of 20,975 stock options (exercise price $253.68) on March 8, 2031.
• Expiration of 13,280 stock options (exercise price $270.99) on March 7, 2032.
• Expiration of 11,085 stock options (exercise price $354.14) on March 7, 2033.
• Expiration of 10,345 stock options (exercise price $465.29) on March 7, 2034.
• Expiration of 11,326 stock options (exercise price $468.77) on March 7, 2035.
• Payout of 794.534 Deferred Stock Units in Linde plc Ordinary Shares in accordance with the Linde Compensation Deferral Plan.

Key Dates

Keywords

Linde PLC, LIN, SEC Form 4, Insider Transaction, Beneficial Ownership, Guillermo Bichara, Ordinary Shares, Restricted Stock Units, Stock Options, Deferred Stock Units