Form 4: Linde PLC CFO Matthew J. White Reports Changes in Beneficial Ownership
SEC Form 4
Chief Financial Officer of Linde PLC, Matthew J. White, reports transactions involving ordinary shares and derivative securities, including stock options and restricted stock units.
Summary
- Matthew J. White, the Chief Financial Officer of Linde PLC, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The reported transactions include the acquisition of restricted stock units and stock options.
- White directly owns 57,634 ordinary shares and indirectly owns 3,010.242 shares through a 401(k).
- He also holds various stock options with exercise prices ranging from $118.71 to $465.29 and expiration dates extending to 2034.
- Additionally, White possesses restricted stock units that will vest and payout in Linde plc Ordinary Shares between March 2024 and March 2027.
- He also holds deferred stock units acquired under the Linde Compensation Deferral Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports transactions and doesn't inherently indicate positive or negative sentiment. The acquisition of stock options and restricted stock units could be seen as a positive sign, but it's a routine part of executive compensation.
Positives
- The acquisition of stock options and restricted stock units suggests confidence in the company's future performance from the CFO's perspective.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the CFO's holdings and investment activity in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2018 | Date from which stock options with an exercise price of $118.71 became exercisable in three equal annual installments. |
| 02/27/2019 | Date from which stock options with an exercise price of $154 became exercisable in three equal annual installments. |
| 03/20/2020 | Date from which stock options with an exercise price of $176.63 became exercisable in three equal annual installments. |
| 03/09/2021 | Date from which stock options with an exercise price of $173.13 became exercisable in three equal annual installments. |
| 03/08/2022 | Date from which stock options with an exercise price of $253.68 became exercisable in three equal annual installments. |
| 03/07/2023 | Date from which stock options with an exercise price of $270.99 became exercisable in three equal annual installments. |
| 03/07/2024 | Date of the earliest transaction reported and the grant date for new stock options and restricted stock units. |
| 03/07/2025 | Start date for vesting of new stock options granted on March 7, 2024. |
| 03/07/2026 | Date on or about which restricted stock units will vest in full and payout in Linde plc Ordinary Shares. |
| 03/07/2027 | Date on or about which restricted stock units will vest in full and payout in Linde plc Ordinary Shares. |
| 02/28/2027 | Expiration date for stock options with an exercise price of $118.71. |
| 02/27/2028 | Expiration date for stock options with an exercise price of $154. |
| 03/20/2029 | Expiration date for stock options with an exercise price of $176.63. |
| 03/09/2030 | Expiration date for stock options with an exercise price of $173.13. |
| 03/08/2031 | Expiration date for stock options with an exercise price of $253.68. |
| 03/07/2032 | Expiration date for stock options with an exercise price of $270.99. |
| 03/07/2033 | Expiration date for stock options with an exercise price of $354.14. |
| 03/07/2034 | Expiration date for stock options with an exercise price of $465.29. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
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