SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
White Matthew J

(Last) (First) (Middle)
C/O LINDE PLC
THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD

(Street)
GUILDFORD, SURREY X0 GU2 7XY

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LINDE PLC [ LIN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/21/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/21/2022 M 12,510(1) A $0 47,052 D
Ordinary Shares 03/21/2022 F 5,798(2) D $311.66 41,254 D
Ordinary Shares 03/21/2022 M 6,170(1) A $0 47,424 D
Ordinary Shares 03/21/2022 F 2,860(2) D $311.66 44,564 D
Ordinary Shares 03/21/2022 M 4,170(3) A $0 48,734 D
Ordinary Shares 03/21/2022 F 1,933(2) D $311.66 46,801 D
Ordinary Shares 2,913.328 I 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 03/21/2022 M 4,170 (3) (3) Ordinary Shares 4,170 $0 0 D
Performance Share Units (4) 03/21/2022 A 12,510 (4) (4) Ordinary Shares 12,510 $0 12,510 D
Performance Share Units (4) 03/21/2022 M 12,510 (4) (4) Ordinary Shares 12,510 $0 0 D
Performance Share Units (5) 03/21/2022 A 6,170 (5) (5) Ordinary Shares5 6,170 $0 6,170 D
Performance Share Units (5) 03/21/2022 M 6,170 (5) (5) Ordinary Shares 6,170 $0 0 D
Restricted Stock Units $0(6) (6) (6) Ordinary Shares 2,600 2,600 D
Restricted Stock Units $0(7) (7) (7) Ordinary Shares 3,260 3,260 D
Restricted Stock Units $0(8) (8) (8) Ordinary Shares 3,590 3,590 D
Stock Options (right to buy) $270.99 03/07/2023(9) 03/07/2032 Ordinary Shares 22,535 22,535 D
Stock Option (right to buy) $253.68 03/08/2022(10) 03/08/2031 Ordinary Shares 34,320 34,320 D
Stock Option (right to buy) $173.13 03/09/2021(11) 03/09/2030 Ordinary Shares 43,695 43,695 D
Stock Option (right to buy) $176.63 03/20/2020(12) 03/20/2029 Ordinary Shares 47,020 47,020 D
Stock Option (right to buy) $128.38 02/24/2016(13) 02/24/2025 Ordinary Shares 40,865 40,865 D
Stock Option (right to buy) $102.22 02/23/2017(13) 02/23/2026 Ordinary Shares 85,205 85,205 D
Stock Option (right to buy) $118.71 02/28/2018(13) 02/28/2027 Ordinary Shares 72,795 72,795 D
Stock Option (right to buy) $154 02/27/2019(13) 02/27/2028 Ordinary Shares 64,665 64,665 D
Deferred Stock Units (14) (15) (11) Ordinary Shares 1,192.919 1,192.919 D
Explanation of Responses:
1. Shares of common stock acquired pursuant to the payout of a performance share unit grant made on March 20, 2019 (the "PSU").
2. Shares of common stock withheld from the payout to cover tax withholdings.
3. Shares of common stock acquired pursuant to the payout of a restricted stock unit grant made on March 20, 2019
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. Restricted Stock Units that will vest in full and payout on or about March 20, 2022 in Linde plc Ordinary Shares on a one-for-one basis.
10. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.
11. This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.
12. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.
13. This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
14. Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis.
15. 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.
Anthony M. Pepper, Attorney-in-Fact 03/23/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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