=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-03-09
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: LINDE PLC (LIN)
CIK: 0001707925
--- Reporting Owner ---
Name: Bacher Desiree
CIK: 0002085555
Role: Officer (SVP, Chief HR Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Ordinary Shares
Date: 2026-03-09 | Code: M (Exercise of derivative)
Shares: +727 | Price: $0.00
Shares Owned After: 866 | Ownership: D (Direct)
Footnotes:
[F1] Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.
[Transaction #2]
Security: Ordinary Shares
Date: 2026-03-09 | Code: F (Payment of exercise/tax)
Shares: -228 | Price: $484.74
Total Value: $110,520.72
Shares Owned After: 638 | Ownership: D (Direct)
Footnotes:
[F2] Ordinary shares withheld from the payout to cover tax withholdings.
[Transaction #3]
Security: Ordinary Shares
Date: 2026-03-09 | Code: M (Exercise of derivative)
Shares: +260 | Price: $0.00
Shares Owned After: 898 | Ownership: D (Direct)
Footnotes:
[F1] Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.
[Transaction #4]
Security: Ordinary Shares
Date: 2026-03-09 | Code: F (Payment of exercise/tax)
Shares: -82 | Price: $484.74
Total Value: $39,748.68
Shares Owned After: 816 | Ownership: D (Direct)
Footnotes:
[F2] Ordinary shares withheld from the payout to cover tax withholdings.
[Transaction #5]
Security: Ordinary Shares
Date: 2026-03-09 | Code: M (Exercise of derivative)
Shares: +260 | Price: $0.00
Shares Owned After: 1,076 | Ownership: D (Direct)
Footnotes:
[F3] Ordinary shares acquired pursuant to the payout of a restricted stock unit ("RSU") grant made on March 7, 2023.
[Transaction #6]
Security: Ordinary Shares
Date: 2026-03-09 | Code: F (Payment of exercise/tax)
Shares: -97 | Price: $484.74
Total Value: $47,019.78
Shares Owned After: 979 | Ownership: D (Direct)
Footnotes:
[F2] Ordinary shares withheld from the payout to cover tax withholdings.
--- Derivative Transactions ---
[Transaction #1]
Security: Performance Share Units (ROC)
Date: 2026-03-09 | Code: A (Grant or award)
Shares: +727 | Price: $0.00
Exercisable: N/A | Expires: 2026-03-07
Shares Owned After: 727 | Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F5] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[F5] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[Transaction #2]
Security: Performance Share Units (ROC)
Date: 2026-03-09 | Code: M (Exercise of derivative)
Shares: -727 | Price: $0.00
Exercisable: N/A | Expires: 2026-03-07
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F5] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[F5] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[Transaction #3]
Security: Performance Share Units (RTSR)
Date: 2026-03-09 | Code: A (Grant or award)
Shares: +260 | Price: $0.00
Exercisable: N/A | Expires: 2026-03-07
Shares Owned After: 260 | Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F6] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[F6] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[Transaction #4]
Security: Performance Share Units (RTSR)
Date: 2026-03-09 | Code: M (Exercise of derivative)
Shares: -260 | Price: $0.00
Exercisable: N/A | Expires: 2026-03-07
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F6] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[F6] The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
[Transaction #5]
Security: Restricted Stock Units
Date: 2026-03-09 | Code: A (Grant or award)
Shares: +503 | Price: $0.00
Shares Owned After: 503 | Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F7] Restricted Stock Units that will vest in full and payout on or about March 9, 2029 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 9, 2029 in Linde plc Ordinary Shares on a one-for-one basis.
[Transaction #6]
Security: Restricted Stock Units
Date: 2026-03-09 | Code: M (Exercise of derivative)
Shares: -260 | Price: $0.00
Shares Owned After: 0 | Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F10] Restricted Stock Units that vested in full and paid out on March 9, 2026, in Linde plc Ordinary Shares on a one-for-one basis.
[F10] Restricted Stock Units that vested in full and paid out on March 9, 2026, in Linde plc Ordinary Shares on a one-for-one basis.
[Transaction #7]
Security: Stock Options (right to buy)
Date: 2026-03-09 | Code: A (Grant or award)
Shares: +4,098 | Price: $0.00
Exercisable: N/A | Expires: 2036-03-09
Shares Owned After: 4,098 | Ownership: D (Direct)
Footnotes:
[F11] This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.
--- Holdings ---
[Holding #1]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F8] Restricted Stock Units that will vest in full and payout on or about March 7, 2028 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 7, 2028 in Linde plc Ordinary Shares on a one-for-one basis.
[Holding #2]
Security: Restricted Stock Units
Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F9] Restricted Stock Units that will vest in full and payout on or about March 7, 2027 in Linde plc Ordinary Shares on a one-for-one basis.
[F9] Restricted Stock Units that will vest in full and payout on or about March 7, 2027 in Linde plc Ordinary Shares on a one-for-one basis.
[Holding #3]
Security: Stock Options (right to buy)
Ownership: D (Direct)
Footnotes:
[F12] This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.
[Holding #4]
Security: Stock Options (right to buy)
Ownership: D (Direct)
Footnotes:
[F13] This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.
[Holding #5]
Security: Stock Options (right to buy)
Ownership: D (Direct)
Footnotes:
[F14] This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.
[Holding #6]
Security: Deferred Stock Units
Ownership: D (Direct)
Footnotes:
[F4] Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
[F15] Deferred stock units acquired under the Linde Compensation Deferral Plan ("Plan"). The deferred stock units will payout in Linde plc Ordinary Share on a one-for-one basis in accordance with the Plan.
[F15] Deferred stock units acquired under the Linde Compensation Deferral Plan ("Plan"). The deferred stock units will payout in Linde plc Ordinary Share on a one-for-one basis in accordance with the Plan.
--- Footnotes (Complete Index) ---
F1: Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.
F10: Restricted Stock Units that vested in full and paid out on March 9, 2026, in Linde plc Ordinary Shares on a one-for-one basis.
F11: This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.
F12: This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.
F13: This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.
F14: This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.
F15: Deferred stock units acquired under the Linde Compensation Deferral Plan ("Plan"). The deferred stock units will payout in Linde plc Ordinary Share on a one-for-one basis in accordance with the Plan.
F2: Ordinary shares withheld from the payout to cover tax withholdings.
F3: Ordinary shares acquired pursuant to the payout of a restricted stock unit ("RSU") grant made on March 7, 2023.
F4: Conversion to Linde plc Ordinary Shares is on a one-for-one basis.
F5: The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
F6: The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against TSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.
F7: Restricted Stock Units that will vest in full and payout on or about March 9, 2029 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 7, 2028 in Linde plc Ordinary Shares on a one-for-one basis.
F9: Restricted Stock Units that will vest in full and payout on or about March 7, 2027 in Linde plc Ordinary Shares on a one-for-one basis.
--- Signature ---
/s/ Anthony M. Pepper as attorney-in-fact (2026-03-11)
