Linde PLC — Director's Dealing 2025

Mar 12, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LINDE PLC (LIN)
CIK: 0001707925
Period of Report: 2025-03-10

Reporting Person: ANGEL STEPHEN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-10	Ordinary Shares	M	4908.359	—	Acquired	472922.475	Direct
2025-03-10	Ordinary Shares	F	1816.093	$468.77	Disposed	471106.382	Direct
2025-03-10	Ordinary Shares	M	4289.134	—	Acquired	475395.516	Direct
2025-03-10	Ordinary Shares	F	1586.98	$468.77	Disposed	473808.536	Direct
2025-03-10	Ordinary Shares	M	3847.186	—	Acquired	477655.722	Direct
2025-03-10	Ordinary Shares	F	1423.459	$468.77	Disposed	476232.263	Direct
2025-03-10	Ordinary Shares	M	2417.829	—	Acquired	478650.092	Direct
2025-03-10	Ordinary Shares	F	894.597	$468.77	Disposed	477755.495	Direct
2025-03-10	Ordinary Shares	M	2319.005	—	Acquired	480074.5	Direct
2025-03-10	Ordinary Shares	F	858.032	$468.77	Disposed	479216.468	Direct
2025-03-10	Ordinary Shares	M	2104.816	—	Acquired	481321.284	Direct
2025-03-10	Ordinary Shares	F	778.782	$468.77	Disposed	480542.502	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-10	Performance Share Units	$0	M	4908.359	Disposed		Ordinary Shares (4908.359)	Direct
2025-03-10	Performance Share Units	$0	M	2319.005	Disposed		Ordinary Shares (2319.005)	Direct
2025-03-10	Performance Share Units	$0	M	4289.134	Disposed		Ordinary Shares (4289.134)	Direct
2025-03-10	Performance Share Units	$0	M	2417.829	Disposed		Ordinary Shares (2417.829)	Direct
2025-03-10	Performance Share Units (ROC)	$0	M	3847.186	Disposed		Ordinary Shares (3847.186)	Direct
2025-03-10	Performance Share Units (RTSR)	$0	M	2104.816	Disposed		Ordinary Shares (2104.816)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Ordinary Shares	71029	Indirect
Ordinary Shares	20517	Indirect
Ordinary Shares	2268	Indirect
Ordinary Shares	11080.353	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Ordinary Shares (1023)	1023	Direct
Restricted Stock Units	$		Ordinary Shares (12827.327)	12827.327	Direct
Restricted Stock Units	$		Ordinary Shares (12868.94)	12868.94	Direct
Restricted Stock Units	$		Ordinary Shares (13090.339)	13090.339	Direct
Restricted Stock Units	$		Ordinary Shares (28312.328)	28312.328	Direct
Restricted Stock Units	$		Ordinary Shares (35079.989)	35079.989	Direct
Restricted Stock Units	$		Ordinary Shares (51286.987)	51286.987	Direct
Restricted Stock Units	$		Ordinary Shares (29190.769)	29190.769	Direct
Restricted Stock Units	$		Ordinary Shares (29817.958)	29817.958	Direct
Stock Options (right to buy)	$253.68	2031-03-08	Ordinary Shares (133465)	133465	Direct
Stock Options (right to buy)	$173.13	2030-03-09	Ordinary Shares (169560)	169560	Direct
Stock Options (right to buy)	$176.63	2029-03-20	Ordinary Shares (177605)	177605	Direct
Stock Options (right to buy)	$154	2028-02-27	Ordinary Shares (318780)	318780	Direct
Stock Options (right to buy)	$118.71	2027-02-28	Ordinary Shares (199850)	199850	Direct
Deferred Stock Units	$0		Ordinary Shares (108382.289)	108382.289	Direct

Footnotes

F1: Ordinary shares acquired pursuant to a partial installment payout of a performance share unit ("PSU") grant that has vested in full but whose payout has been deferred.

F2: Ordinary shares withheld from the payout to cover tax withholdings.

F3: The Performance Share Unit ("PSU") grant partially paid out on March 10, 2025 and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2019-2022 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2019.

F4: The Performance Share Unit ("PSU") grant partially paid out on March 10, 2025 and the number of shares awarded and paid out was determined based upon the average annual Total shareholder return ("TSR") of Linde plc from 2019-2022 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2019.

F5: The Performance Share Unit ("PSU") grant partially paid out on March 10, 2025 and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2020-2023 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2020.

F6: The Performance Share Unit ("PSU") grant partially paid out on March 10, 2025 and the number of shares awarded and paid out was determined based upon the average annual total shareholder return ("TSR") of Linde plc from 2020-2023 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2020.

F7: The Performance Share Unit ("PSU") grant partially paid out on March 10, 2025 and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2021-2024 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2021

F8: The Performance Share Unit ("PSU") grant partially paid out on March 10, 2025 and the number of shares awarded and paid out was determined based upon the average annual Total shareholder return ("TSR") of Linde plc from 2021-2024 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted in 2021.

F9: 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, 2025 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.

F10: Restricted Stock Units granted March 8, 2021, that have vested in full but whose payout has been deferred to a future date.

F11: Restricted Stock Units granted March 9, 2020, that have vested in full but whose payout has been deferred to a future date.

F12: Restricted Stock Units granted March 20, 2019, that have vested in full but whose payout has been deferred to a future date.

F13: Restricted Stock Units granted February 27, 2018, that have vested in full but whose payout has been deferred to a future date.

F14: Restricted Stock Unit award granted February 28, 2017, that has vested in full but whose payout has been deferred to a future date.

F15: Restricted Stock Units granted February 28, 2017, that have vested in full but whose payout has been deferred to a future date.

F16: Restricted Stock Units granted February 23, 2016, that have vested in full but whose payout has been deferred to a future date.

F17: Restricted Stock Unit award granted February 23, 2016, that has vested in full but whose payout has been deferred to a future date.

F18: This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.

F19: This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.

F20: This option vests over three years in three consecutive equal annual installments beginning on March 20, 2020.

F21: This option vests over three years in three consecutive equal annual installments beginning on February 27, 2019.

F22: This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.

F23: Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis

F24: Deferred Stock Units acquired under the Linde Compensation Deferral Plan that will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Deferral Plan.