Form 4: Linde PLC Director Stephen F. Angel Reports Changes in Beneficial Ownership
SEC Form 4
Director Stephen F. Angel reports changes in beneficial ownership of Linde PLC shares, including the acquisition of restricted stock units and holdings in trusts and retirement accounts.
Summary
- Stephen F. Angel, a director of Linde PLC, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes transactions related to restricted stock units (RSUs) and holdings in various trusts and a 401(k) account.
- Angel directly owns 374,456.504 ordinary shares.
- He also has indirect ownership through descendants' trusts (71,029 and 20,517 shares), a trust for children (2,268 shares), and a 401(k) (10,945.135 shares).
- The report details various restricted stock units with different vesting schedules and payout dates, as well as stock options with exercise prices ranging from $118.71 to $253.68.
- 1,100 Restricted Stock Units were acquired on March 7, 2024.
- The report also includes deferred stock units acquired under the Linde Compensation Deferral Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of additional restricted stock units demonstrates the director's continued investment in the company's future.
- The director's significant holdings of ordinary shares and deferred stock units align his interests with those of other shareholders.
Future Outlook
The report details future vesting dates and payout schedules for restricted stock units and stock options.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The report provides transparency to shareholders regarding the director's holdings and transactions.
- The vesting of restricted stock units and stock options incentivizes the director to act in the best interests of the company and its shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/28/2017 | Restricted Stock Unit award granted February 28, 2017, that has vested in full but whose payout has been deferred to a future date. |
| 02/28/2017 | Restricted Stock Units granted February 28, 2017, that have vested in full but whose payout has been deferred to a future date. |
| 02/28/2018 | This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018. |
| 02/28/2018 | Restricted Stock Units granted February 27, 2018, that have vested in full but whose payout has been deferred to a future date. |
| 02/27/2019 | This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019. |
| 03/20/2020 | This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020. |
| 03/09/2021 | This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021. |
| 03/08/2022 | This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022. |
| 03/07/2023 | The Restricted Stock Unit ('RSU') shall vest in full and payout in Ordinary Shares on a one-for-one basis one year after the March 7, 2023 date of grant, provided that the awardee serves on the Linde plc Board of Directors continuously through the vesting date, except under certain circumstances in which a pro-rata payout may be made. |
| 03/07/2024 | Date of Earliest Transaction |
| 03/07/2024 | The Restricted Stock Unit ('RSU') shall vest in full and payout in Ordinary Shares on a one-for-one basis one year after the March 7, 2024 date of grant, provided that the awardee serves on the Linde plc Board of Directors continuously through the vesting date, except under certain circumstances in which a pro-rata payout may be made. |
| 03/08/2024 | Date of report. |
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