Form 4: Linde PLC Executive Kelcey E. Hoyt Reports Stock Transactions
SEC Form 4
Kelcey E. Hoyt, Principal Accounting Officer of Linde PLC, reports acquisition and disposal of ordinary shares and derivative securities, including stock options and restricted stock units.
Summary
- On February 26, 2025, Kelcey E. Hoyt, Principal Accounting Officer of Linde PLC, reported transactions involving the company's ordinary shares and derivative securities.
- Hoyt acquired 9,700 ordinary shares through the exercise of stock options at a price of $154 per share.
- Additionally, 5,912 ordinary shares were disposed of to cover the exercise price and tax withholdings, at a price of $463.13 per share.
- Hoyt also disposed of 421 shares at $0.
- Following these transactions, Hoyt directly owns 20,058.947 ordinary shares and indirectly owns 553.788 shares through a 401(k) plan.
- The report also details Hoyt's holdings of various stock options and restricted stock units with different vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions by an officer.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/20/2020 | Options vest over three years in three consecutive equal annual installments beginning on this date. |
| 03/09/2021 | Options vest over three years in three consecutive equal annual installments beginning on this date. |
| 03/08/2022 | Options vest over three years in three consecutive equal annual installments beginning on this date. |
| 03/07/2023 | Options vest over three years in three consecutive equal annual installments beginning on this date. |
| 03/01/2023 | Linde plc (formerly Rounderway plc), an Irish public limited company ('New Linde'), became the successor of Linde plc, an Irish public limited company ('Old Linde'), pursuant to a scheme of arrangement and merger under Irish law. |
| 03/07/2024 | Options vest over three years in three consecutive equal annual installments beginning on this date. |
| 02/26/2025 | Date of the reported transactions: acquisition of shares via option exercise and disposal of shares for tax and exercise price coverage. |
| 03/07/2025 | Options vest over three years in three consecutive equal annual installments beginning on this date. |
| 05/01/2027 | Restricted Stock Units will vest in full and payout on or about this date. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.