Sanjiv Lamba - Mar 21, 2022 Form 4 Insider Report for LINDE PLC (LIN)

Signature
Anthony M. Pepper as attorney-in-fact
Stock symbol
LIN
Transactions as of
Mar 21, 2022
Transactions value $
-$2,841,093
Form type
4
Date filed
5/27/2022, 11:52 AM
Previous filing
Mar 8, 2022
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LIN Ordinary Shares Options Exercise $0 +10.8K +31.97% $0.00 44.5K Mar 21, 2022 Direct F1
transaction LIN Ordinary Shares Tax liability -$1.56M -4.99K -11.23% $311.66 39.5K Mar 21, 2022 Direct F2
transaction LIN Ordinary Shares Options Exercise $0 +5.31K +13.45% $0.00 44.8K Mar 21, 2022 Direct F1
transaction LIN Ordinary Shares Tax liability -$767K -2.46K -5.5% $311.66 42.3K Mar 21, 2022 Direct F2
transaction LIN Ordinary Shares Options Exercise $0 +3.59K +8.48% $0.00 45.9K Mar 21, 2022 Direct F3
transaction LIN Ordinary Shares Tax liability -$519K -1.66K -3.62% $311.66 44.2K Mar 21, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LIN Restricted Stock Units Options Exercise $0 -3.59K -100% $0.00* 0 Mar 21, 2022 Ordinary Shares 3.59K $0.00 Direct F3
transaction LIN Performance Share Units Award $0 +10.8K $0.00 10.8K Mar 21, 2022 Ordinary Shares 10.8K $0.00 Direct F4
transaction LIN Performance Share Units Options Exercise $0 -10.8K -100% $0.00* 0 Mar 21, 2022 Ordinary Shares 10.8K $0.00 Direct F4
transaction LIN Performance Share Units Award $0 +5.31K $0.00 5.31K Mar 21, 2022 Ordinary Shares 5.31K $0.00 Direct F5
transaction LIN Performance Share Units Options Exercise $0 -5.31K -100% $0.00* 0 Mar 21, 2022 Ordinary Shares 5.31K $0.00 Direct F5
holding LIN Restricted Stock Units 6.34K Mar 21, 2022 Ordinary Shares 6.34K Direct F6
holding LIN Restricted Stock Units 3.9K Mar 21, 2022 Ordinary Shares 3.9K Direct F7
holding LIN Restricted Stock Units 3.09K Mar 21, 2022 Ordinary Shares 3.09K Direct F8
holding LIN Stock Option (right to buy) 54.9K Mar 21, 2022 Ordinary Shares 54.9K $270.99 Direct F9
holding LIN Stock Option (right to buy) 41K Mar 21, 2022 Ordinary Shares 41K $253.68 Direct F10
holding LIN Stock Option (right to buy) 37.6K Mar 21, 2022 Ordinary Shares 37.6K $173.13 Direct F11
holding LIN Stock Option (right to buy) 2.84K Mar 21, 2022 Ordinary Shares 2.84K $1.92 Direct F12
holding LIN Stock Option (right to buy) 40.5K Mar 21, 2022 Ordinary Shares 40.5K $176.63 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock acquired pursuant to the payout of a performance share unit grant made on March 20, 2019 (the "PSU").
F2 Shares of common stock withheld from the payout to cover tax withholdings.
F3 Shares of common stock acquired pursuant to the payout of a restricted stock unit grant made on March 20, 2019.
F4 The PSU paid out on March 21, 2022 and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2019-2021 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2019.
F5 The PSU paid out on March 21, 2022 and the number of shares awarded and paid out was determined based upon the total shareholder return ("TSR") of Linde plc from 2019-2021 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2019.
F6 Restricted Stock Units that will vest in full and payout on or about March 7, 2025 in Linde plc Ordinary Shares on a one-for-one basis.
F7 Restricted Stock Units that will vest in full and payout on or about March 8, 2024 in Linde plc Ordinary Shares on a one-for-one basis.
F8 Restricted Stock Units that will vest in full and payout on or about March 9, 2023 in Linde plc Ordinary Shares on a one-for-one basis.
F9 This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.
F10 This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.
F11 This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
F12 Stock options have been granted pursuant to the Business Combination Agreement among Praxair, Inc., Linde AG, Linde plc and certain of their affiliates, dated June 1, 2017, as amended (the "BCA"). The stock options replace certain previously granted equity awards granted by Linde AG that were terminated in connection with the closing of the Business Combination of Praxair, Inc. and Linde AG that occurred on October 31, 2018. A more detailed explanation of these stock option replacement awards is discussed in the Linde plc Registration Statement on Form S-4 (Amendment No. 4) filed with the SEC on August 11, 2017 under the section titled "The Business Combination - Interests of Directors, Board Members and Executive Officers in the Business Combination - Linde AG - Treatment of Equity Awards" on pages 183-187.
F13 This option vests over three years in three consecutive equal annual installments beginning March 20, 2020.