4/A: Linde PLC Executive Pfann Reports Share Transactions in Amended Filing
SEC Form 4/A
Oliver Pfann, a Senior Vice President at Linde PLC, reported the acquisition and disposal of ordinary shares and performance share units in an amended SEC Form 4/A filing.
Summary
- Oliver Pfann, a Senior Vice President at Linde PLC, filed an amended SEC Form 4/A on August 23, 2024, reporting transactions in Linde PLC ordinary shares and derivative securities.
- The original filing date was March 11, 2024, and the amendment corrects the number of ordinary shares previously reported.
- On March 11, 2024, Pfann acquired 870 shares and 480 shares of common stock pursuant to the payout of performance stock unit (PSU) grants made on March 8, 2021.
- Also on March 11, 2024, Pfann acquired 290 shares of common stock pursuant to the payout of a restricted stock unit grant made on March 8, 2021.
- Pfann disposed of 444.396 shares and 245.185 shares and 148.133 shares of common stock to cover tax withholdings at a price of $462.55.
- Following these transactions, Pfann directly owns 2,528.286 Linde PLC ordinary shares.
- Pfann also holds derivative securities, including performance share units and stock options with various vesting schedules and exercise prices.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it primarily reports transactions without expressing any opinion or forward-looking statements.
Positives
- The acquisition of shares through PSU and RSU payouts suggests that the company has met certain performance goals related to return on capital (ROC) and total shareholder return (TSR).
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Monitoring these transactions can provide insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 2021-03-08 | Date of PSU and RSU grants. |
| 2021-03-09 | Start date of vesting for some stock options. |
| 2022-03-08 | Start date of vesting for some stock options. |
| 2023-03-07 | Start date of vesting for some stock options. |
| 2024-03-07 | Start date of vesting for some stock options. |
| 2024-03-11 | Date of reported transactions (PSU/RSU payout, tax withholding). |
| 2024-03-11 | Original filing date. |
| 2025-03-07 | Vesting date for Restricted Stock Units and start date of vesting for some stock options. |
| 2025-03-07 | Vesting date for Restricted Stock Units. |
| 2026-03-07 | Vesting date for Restricted Stock Units. |
| 2027-03-07 | Vesting date for Restricted Stock Units. |
| 2030-03-09 | Expiration date for some stock options. |
| 2031-03-08 | Expiration date for some stock options. |
| 2032-03-07 | Expiration date for some stock options. |
| 2033-03-07 | Expiration date for some stock options. |
| 2034-03-07 | Expiration date for some stock options. |
| 2024-08-23 | Date of amended filing. |
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