LIN insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Paula Reynolds Director	100	$479.12	n/a	816	Aug 18, 2026	Aug 19, 2026

What stands out

Three insiders sold $10.3M with no disclosed plan: Guillermo Bichara ($4.5M), Sean Durbin ($3.1M) and Robert Wood ($2.6M). The filings don't state a reason.Guillermo Bichara: largest such sale, Feb 17, 2026 · Sean Durbin: largest such sale, Mar 10, 2026 · Robert Wood: largest such sale, May 15, 2026

Two insiders bought shares: Sanjiv Lamba (2.5K shares, $1000K) and Paula Reynolds (100 shares, $48K).Sanjiv Lamba: purchase, Dec 8, 2025 · Paula Reynolds: purchase, Aug 18, 2026

Tax withholding outweighed market sales: the company withheld $29.2M of officers' and directors' shares for taxes, against $12.9M sold on the open market. The largest was Guillermo Bichara ($10.2M withheld).Largest withholding, Feb 17, 2026

Percentages cover 19 of 22 officers and directors. Left out: Robert Wood and Binod Patwari (holdings couldn't be fully reconciled); Stefanos Innocenzi (held no vested shares at the start). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Guillermo Bichara

Exec VP & Chief Legal Officer

Sold 36% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$6.6M32% planned

Sean Durbin

EVP, Chief Operating Officer

Sold 44% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$3.1MNo plan disclosed

Robert Wood

Director

No bar: holdings couldn't be fully reconciled.

$2.6MNo plan disclosed

Binod Patwari

Senior Vice President - APAC

No bar: holdings couldn't be fully reconciled.

$502KNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Common questions

Is the Linde plc CEO selling stock?

No. Sanjiv Lamba reported no open-market sales in the past 12 months.

Why are Linde plc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 16% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 84% had no disclosed plan. A trading plan schedules sales in advance.

Are any Linde plc insiders buying?

Yes. 2 officers or directors reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Linde plc insiders sell?

About 2.2% of the shares they held or received (after tax withholding) during the period. The usual measure, against starting holdings alone, can't be used here because most of the shares sold arrived during the period. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Guillermo Bichara Exec VP & Chief Legal Officer	$6.6M 14K shares	36%† i † Most of the shares Guillermo Bichara sold arrived during the period, so this is shares sold as a share of the 25K held at the start plus the 35K received, less 21K withheld by the company for taxes.	32% under a disclosed plan
Sean Durbin EVP, Chief Operating Officer	$3.1M 6.5K shares	44%† i † Most of the shares Sean Durbin sold arrived during the period, so this is shares sold as a share of the 8.2K held at the start plus the 15K received, less 8.2K withheld by the company for taxes.	No plan disclosed
Robert Wood Director	$2.6M 5.2K shares	i No percentage: holdings couldn't be fully reconciled.	No plan disclosed
Binod Patwari Senior Vice President - APAC	$502K 999 shares	i No percentage: holdings couldn't be fully reconciled.	No plan disclosed

The full ownership picture20 of 22 insiders fully reconciled · 22 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Stephen Angel

Minor difference of 75 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

561K

565K

no sales

Vesting, gifts, unvested awards and holding lines for Stephen Angel

+7.2Kshares vested or exercised

0gifted (net of own trusts)

−2.6Kwithheld by the company for taxes

1.40M → 1.50Munvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	455,543	460,239
2010 Descendants Trust	Ordinary Shares	71,029	71,029
2012 Descendants Trust	Ordinary Shares	20,517	20,517
401(k)	Ordinary Shares	11,152	11,227
In trust for children	Ordinary Shares	2,268	2,268

Additional holdings last reported May 15, 2019, not confirmed since: 68,384 shares. Not included in any total or percentage on this page.

Grantor Retained Annuity Trust, Ordinary Shares: 68,384 shares, last reported May 15, 2019

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
100,000	$102.22	Feb 23, 2026	$37.7M
335,850	$118.71	Feb 28, 2027	$121M
318,780	$154.00	Feb 27, 2028	$104M
177,605	$176.63	Mar 20, 2029	$53.7M
169,560	$173.13	Mar 9, 2030	$51.9M
133,465	$253.68	Mar 8, 2031	$30.1M
133,465	$253.68	Mar 8, 2031	$30.1M
177,605	$176.63	Mar 20, 2029	$53.7M
133,465	$253.68	Mar 8, 2031	$30.1M
177,605	$176.63	Mar 20, 2029	$53.7M
169,560	$173.13	Mar 9, 2030	$51.9M
318,780	$154.00	Feb 27, 2028	$104M
74,850	$118.71	Feb 28, 2027	$27.0M

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Reconciliation: minor difference of 75 shares. Difference is under 0.5% of holdings.

Sanjiv Lamba

Chairman & CEO, Director

88K

109K

no sales

Vesting, gifts, unvested awards and holding lines for Sanjiv Lamba

+34Kshares vested or exercised

0gifted (net of own trusts)

−16Kwithheld by the company for taxes

28K → 35Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	88,274	109,161

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,470	$176.63	Mar 20, 2029	$4.7M
37,565	$173.13	Mar 9, 2030	$11.5M
40,995	$253.68	Mar 8, 2031	$9.2M
54,920	$270.99	Mar 7, 2032	$11.4M
46,365	$354.14	Mar 7, 2033	$5.8M
37,565	$173.13	Mar 9, 2030	$11.5M
41,530	$465.29	Mar 7, 2034	$574K
44,696	$468.77	Mar 7, 2035	$462K
46,365	$354.14	Mar 7, 2033	$5.8M
40,995	$253.68	Mar 8, 2031	$9.2M
37,565	$173.13	Mar 9, 2030	$11.5M
15,470	$176.63	Mar 20, 2029	$4.7M
59,746	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Matthew White

Minor difference of 44 shares. Difference is under 0.5% of holdings.

Chief Financial Officer

79K

86K

no sales

Vesting, gifts, unvested awards and holding lines for Matthew White

+14Kshares vested or exercised

0gifted (net of own trusts)

−6.4Kwithheld by the company for taxes

21K → 25Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	75,650	83,095
401(k)	Ordinary Shares	3,052	3,096

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
72,795	$118.71	Feb 28, 2027	$26.2M
64,665	$154.00	Feb 27, 2028	$21.0M
47,020	$176.63	Mar 20, 2029	$14.2M
43,695	$173.13	Mar 9, 2030	$13.4M
34,320	$253.68	Mar 8, 2031	$7.7M
22,535	$270.99	Mar 7, 2032	$4.7M
18,970	$354.14	Mar 7, 2033	$2.4M
17,015	$465.29	Mar 7, 2034	$235K
19,156	$468.77	Mar 7, 2035	$198K
18,970	$354.14	Mar 7, 2033	$2.4M
34,320	$253.68	Mar 8, 2031	$7.7M
43,695	$173.13	Mar 9, 2030	$13.4M
47,020	$176.63	Mar 20, 2029	$14.2M
64,665	$154.00	Feb 27, 2028	$21.0M
72,795	$118.71	Feb 28, 2027	$26.2M
25,259	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Reconciliation: minor difference of 44 shares. Difference is under 0.5% of holdings.

David Strauss

Executive VP, Chief HR Officer

29K

no sales

Vesting, gifts, unvested awards and holding lines for David Strauss

0shares vested or exercised

0gifted (net of own trusts)

4.6K → 4.6Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	4,689	4,689
In Family Trust	Ordinary Shares	22,639	22,639
401(k)	Ordinary Shares	1,949	1,949

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,925	$253.68	Mar 8, 2031	$3.6M
20,870	$173.13	Mar 9, 2030	$6.4M
20,985	$176.63	Mar 20, 2029	$6.3M
7,545	$154.00	Feb 27, 2028	$2.5M
10,200	$270.99	Mar 7, 2032	$2.1M
8,515	$354.14	Mar 7, 2033	$1.1M
8,010	$465.29	Mar 7, 2034	$111K
8,973	$468.77	Mar 7, 2035	$93K

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Guillermo Bichara

Minor difference of 55 shares. Difference is under 0.5% of holdings.

Exec VP & Chief Legal Officer

25K

−14K

25K

not meaningful

Vesting, gifts, unvested awards and holding lines for Guillermo Bichara

+35Kshares vested or exercised

0gifted (net of own trusts)

−21Kwithheld by the company for taxes

10K → 12Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	22,138	22,138
401(k)	Ordinary Shares	2,890	2,945

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
20,975	$253.68	Mar 8, 2031	$4.7M
26,155	$173.13	Mar 9, 2030	$8.0M
13,280	$270.99	Mar 7, 2032	$2.8M
11,085	$354.14	Mar 7, 2033	$1.4M
40,100	$118.71	Feb 28, 2027	$14.5M
38,800	$154.00	Feb 27, 2028	$12.6M
10,345	$465.29	Mar 7, 2034	$143K
11,326	$468.77	Mar 7, 2035	$117K
14,917	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Reconciliation: minor difference of 55 shares. Difference is under 0.5% of holdings.

Kelcey Hoyt

Minor difference of 13 shares. Difference is under 0.5% of holdings.

Principal Accounting Officer

22K

23K

no sales

Vesting, gifts, unvested awards and holding lines for Kelcey Hoyt

+1.5Kshares vested or exercised

0gifted (net of own trusts)

−527withheld by the company for taxes

1.4K → 1.9Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	21,030	22,050
401(k)	Ordinary Shares	555	568

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
9,700	$154.00	Feb 27, 2028	$3.2M
5,995	$176.63	Mar 20, 2029	$1.8M
5,545	$173.13	Mar 9, 2030	$1.7M
4,100	$253.68	n/a	$924K
2,680	$270.99	Mar 7, 2032	$558K
2,110	$354.14	Mar 7, 2033	$264K
1,720	$465.29	Mar 7, 2034	$24K
2,110	$354.14	Mar 7, 2033	$264K
4,100	$253.68	Mar 8, 2031	$924K
5,545	$173.13	Mar 9, 2030	$1.7M
5,995	$176.63	Mar 20, 2029	$1.8M
2,017	$468.77	Mar 7, 2035	$21K
2,387	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Reconciliation: minor difference of 13 shares. Difference is under 0.5% of holdings.

Robert Wood

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +5,215 shares on May 15, 2026 (Direct). See the filing Sales and other transactions for Robert Wood are complete.

Director

n/a

−5.2K

n/a

Vesting, gifts, unvested awards and holding lines for Robert Wood

0shares vested or exercised

0gifted (net of own trusts)

6.2K → 9.6Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +5,215 shares on May 15, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	14,463	14,463

Benjamin Glazer

Minor difference of 3 shares. Difference is under 0.5% of holdings. Started reporting during the period; starting holdings are from the Form 3.

SVP, Americas

13K

16K

no sales

Vesting, gifts, unvested awards and holding lines for Benjamin Glazer

+4.6Kshares vested or exercised

0gifted (net of own trusts)

−2.1Kwithheld by the company for taxes

3.2K → 6.9Kunvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	12,335	14,891
401k	Ordinary Shares	924	927

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
7,468	$468.77	Mar 7, 2035	$77K
6,340	$465.29	Mar 7, 2034	$88K
6,325	$354.14	Mar 7, 2033	$790K
7,325	$270.99	Mar 7, 2032	$1.5M
6,390	$253.68	Mar 8, 2031	$1.4M
8,740	$173.13	Mar 9, 2030	$2.7M
9,745	$176.13	Mar 20, 2029	$3.0M
17,785	$154.00	Mar 7, 2028	$5.8M
10,661	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Reconciliation: minor difference of 3 shares. Difference is under 0.5% of holdings.

Thomas Enders

Director

11K

no sales

Vesting, gifts, unvested awards and holding lines for Thomas Enders

+470shares vested or exercised

0gifted (net of own trusts)

−51withheld by the company for taxes

1.4K → 1.9Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	10,595	11,014

Sean Durbin

EVP, Chief Operating Officer

8.2K

−6.5K

8.2K

not meaningful

Vesting, gifts, unvested awards and holding lines for Sean Durbin

+15Kshares vested or exercised

0gifted (net of own trusts)

−8.2Kwithheld by the company for taxes

5.2K → 8.4Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	8,151	8,151

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
19,070	$253.68	Mar 8, 2031	$4.3M
5,945	$118.17	Feb 28, 2027	$2.1M
12,395	$270.99	Mar 7, 2032	$2.6M
10,540	$354.14	Mar 7, 2033	$1.3M
12,170	$154.00	Feb 27, 2028	$4.0M
9,510	$465.29	Mar 7, 2034	$131K
5,945	$118.71	Feb 28, 2027	$2.1M
9,610	$465.29	Mar 7, 2034	$133K
10,889	$468.77	Mar 7, 2035	$113K
23,290	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Armando Botello

Started reporting during the period; starting holdings are from the Form 3.

Senior VP, APAC

4.8K

no sales

Vesting, gifts, unvested awards and holding lines for Armando Botello

0shares vested or exercised

0gifted (net of own trusts)

582 → 582unvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	4,817	4,817

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
3,460	$154.00	Feb 27, 2028	$1.1M
1,625	$176.63	Mar 20, 2029	$492K
1,455	$173.13	Mar 9, 2030	$445K
2,100	$253.68	Mar 8, 2031	$473K
1,270	$270.99	Mar 7, 2032	$264K
1,100	$354.14	Mar 7, 2033	$137K
1,085	$465.29	Mar 7, 2034	$15K
1,177	$468.77	Mar 7, 2035	$12K
1,989	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Ann-Kristin Achleitner

Director

4.5K

4.9K

no sales

Vesting, gifts, unvested awards and holding lines for Ann-Kristin Achleitner

+470shares vested or exercised

0gifted (net of own trusts)

−32withheld by the company for taxes

941 → 1.4Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	4,473	4,911

Binod Patwari

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -731 shares on Mar 9, 2026 (Direct). See the filing Sales and other transactions for Binod Patwari are complete.

Senior Vice President - APAC

n/a

−999

n/a

Vesting, gifts, unvested awards and holding lines for Binod Patwari

+2.5Kshares vested or exercised

0gifted (net of own trusts)

−733withheld by the company for taxes

996 → 2.7Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -731 shares on Mar 9, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	4,339	5,277

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,750	$253.68	Mar 8, 2031	$620K
1,625	$270.99	Mar 7, 2032	$338K
1,265	$354.14	Mar 7, 2033	$158K
1,005	$465.29	Mar 7, 2034	$14K
4,537	$468.77	Mar 7, 2035	$47K
1,525	$173.13	Mar 9, 2030	$467K
5,967	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Denny Brown

Started reporting during the period; starting holdings are from the Form 3.

VP, Chief Accounting Officer

3.5K

no sales

Vesting, gifts, unvested awards and holding lines for Denny Brown

0shares vested or exercised

0gifted (net of own trusts)

757 → 757unvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	3,467	3,467

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,731	$468.77	Mar 7, 2035	$18K
865	$354.14	Mar 7, 2033	$108K
1,045	$270.99	Mar 7, 2032	$217K
1,670	$253.68	Mar 8, 2031	$376K
2,148	$483.62	Mar 9, 2036	$0
5,500	$154.00	Feb 27, 2028	$1.8M
1,505	$465.29	Mar 7, 2034	$21K
1,700	$173.13	Mar 9, 2030	$520K
1,895	$176.63	Mar 20, 2029	$573K

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Victoria Ossadnik

Director

3.3K

3.8K

no sales

Vesting, gifts, unvested awards and holding lines for Victoria Ossadnik

+470shares vested or exercised

0gifted (net of own trusts)

−38withheld by the company for taxes

941 → 1.4Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	3,335	3,768

Oliver Pfann

Senior Vice President, EMEA

3.1K

3.7K

no sales

Vesting, gifts, unvested awards and holding lines for Oliver Pfann

+1.1Kshares vested or exercised

0gifted (net of own trusts)

−564withheld by the company for taxes

2.1K → 4Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	3,145	3,683

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,000	$354.14	Mar 7, 2033	$125K
620	$270.99	Mar 7, 2032	$129K
5,840	$465.29	Mar 7, 2034	$81K
1,000	$354.14	Mar 7, 2033	$125K
620	$270.99	Mar 7, 2032	$129K
6,890	$468.77	Mar 7, 2035	$71K
3,055	$253.68	Mar 8, 2031	$689K
3,590	$173.13	Mar 9, 2030	$1.1M
9,149	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Josef Kaeser

Director

2.6K

no sales

Vesting, gifts, unvested awards and holding lines for Josef Kaeser

+470shares vested or exercised

0gifted (net of own trusts)

−50withheld by the company for taxes

941 → 1.4Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	2,605	3,025

Alberto Weisser

Director

1.7K

2.1K

no sales

Vesting, gifts, unvested awards and holding lines for Alberto Weisser

+470shares vested or exercised

0gifted (net of own trusts)

−12withheld by the company for taxes

941 → 1.4Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	1,651	2,109

Hugh Grant

Director

1.1K

no sales

Vesting, gifts, unvested awards and holding lines for Hugh Grant

0shares vested or exercised

0gifted (net of own trusts)

2.5K → 4.5Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	1,082	1,082

Paula Reynolds

Director

716

816

no sales

Vesting, gifts, unvested awards and holding lines for Paula Reynolds

0shares vested or exercised

0gifted (net of own trusts)

2K → 3.6Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	716	816

Desiree Bacher

SVP, Chief HR Officer

139

979

no sales

Vesting, gifts, unvested awards and holding lines for Desiree Bacher

+1.2Kshares vested or exercised

0gifted (net of own trusts)

−407withheld by the company for taxes

910 → 1.2Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	139	979

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,168	$468.77	Mar 7, 2035	$22K
1,920	$465.29	Mar 7, 2034	$27K
1,690	$354.14	Mar 7, 2033	$211K
4,098	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

Stefanos Innocenzi

SVP, Linde Engineering

no sales

Vesting, gifts, unvested awards and holding lines for Stefanos Innocenzi

+4Kshares vested or exercised

0gifted (net of own trusts)

−2.1Kwithheld by the company for taxes

4.5K → 1.2Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Ordinary Shares	0	1,973

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,597	$468.77	Mar 7, 2035	$17K
1,520	$465.29	Mar 7, 2034	$21K
6,106	$483.62	Mar 9, 2036	$0

Estimate: options held × ($479.12 − strike price), using the most recent insider trade price on Form 4 (Aug 18, 2026), not a market close.

20 of 22 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (15 exactly, 5 with a minor or footnoted difference). For 2 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 19 of 22 officers and directors. Left out: Robert Wood and Binod Patwari (holdings couldn't be fully reconciled); Stefanos Innocenzi (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$12.9M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $12.9M across 26,546 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $2.1M · 16%

84%

The lighter segment is sales with no plan disclosed in the filing ($10.8M), including tax-related sales outside a plan.

No plan disclosed · $10.8M

Sales with no 10b5-1 plan and no tax reference in the filing. $4.5M of it is Guillermo Bichara. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Guillermo Bichara, Feb 17, 2026

Taxes

60,622 shares ($29.2M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 2 buyers (2 trades)

2 officers and directors bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 10 purchase trades.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Guillermo Bichara Exec VP & Chief Legal Officer	14K	$6.6M	32%	51%	Feb 17, 2026 to Mar 10, 2026
Sean Durbin EVP, Chief Operating Officer	6.5K	$3.1M	0%	24%	Mar 10, 2026 to Mar 10, 2026
Robert Wood Director	5.2K	$2.6M	0%	20%	May 14, 2026 to May 15, 2026
Binod Patwari Senior Vice President - APAC	999	$502K	0%	4%	Feb 24, 2026 to Feb 24, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$5.0M	$0	$0	$5.0M
Mar 2026	$5.2M	$2.1M	$0	$3.1M
Apr 2026	$0	$0	$0	$0
May 2026	$2.6M	$0	$0	$2.6M
Jun 2026	$0	$0	$0	$0
Jul 2026	$0	$0	$0	$0
Aug 2026	$0	$0	$0	$0
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a quarter of the 5-year average. 4 insiders sold; the average is 5 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	27K	4	$12.9M
Oct 8, 2025 1 year earlier	85K	7	$39.5M
Oct 8, 2024 2 years earlier	142K	9	$64.8M
Oct 9, 2023 3 years earlier	201K	5	$72.4M
Oct 9, 2022 4 years earlier	5.1K	2	$1.7M
Oct 9, 2021 5 years earlier	82K	4	$21.5M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty2 insiders whose holdings couldn't be fully reconciled

Robert Wood: holdings couldn't be fully reconciled (difference of 5,215 shares). Balance changed with no matching transaction and no footnote: +5,215 shares on May 15, 2026 (Direct). Filing, May 15, 2026

Binod Patwari: holdings couldn't be fully reconciled (difference of 207 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -731 shares on Mar 9, 2026 (Direct). Filing, Mar 9, 2026

Footnote: "(1) The purpose of this Form 4 amendment is to amend and entirely restate the Form 4 filed on March 11, 2026 (the "Original Form 4"). The Original Form 4 incorrectly reported in Table 1 that 121, 43 and 43 Ordinary Shares were withheld for taxes from the payouts of two Performance Share Unit ("PSU") grants, and one Restricted Stock Unit ("RSU") grant, each made on March 7, 2023. The Table 1 in this Form 4 Amendment now correctly reports that 548, 195 and 195 Ordinary Shares were paid out pursuant to the PSU and RSU grants made on March 7, 2023, and that no Ordinary Shares were withheld for tax"

Stephen Angel: minor difference of 75 shares. Difference is under 0.5% of holdings.

Matthew White: minor difference of 44 shares. Difference is under 0.5% of holdings.

Guillermo Bichara: minor difference of 55 shares. Difference is under 0.5% of holdings.

Kelcey Hoyt: minor difference of 13 shares. Difference is under 0.5% of holdings.

Benjamin Glazer: minor difference of 3 shares. Difference is under 0.5% of holdings.

Inferred rename: "Grantor Retained Annuity Trusts" is treated as the same holder as "Grantor Retained Annuity Trust", because the old name was never reported again and the new one opened with the same balance (68,384 shares). Old name, new name

Inferred rename: "Angel Descendants Trust" is treated as the same holder as "2010 Descendants Trust", because the old name was never reported again and the new one opened with the same balance (71,029 shares). Old name, new name

Inferred typo: the share class "Orinary Shares" is treated as the same class as "Ordinary Shares" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Matthew White, 16,611 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology436 filings from SEC EDGAR, and how we read them

All 436 Forms 3, 4 and 5 filed for Linde plc (SEC CIK 1707925) from Oct 31, 2018 to Oct 8, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (14)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Juergen Nowicki	Mar 11, 2025	18,479 shares, last reported balance as of Mar 10, 2025
John Panikar	Sep 11, 2024	19,402 shares, last reported balance as of Sep 10, 2024
Martin Richenhagen	Mar 13, 2024	7,008 shares, last reported balance as of Mar 11, 2024
Edward Galante	Mar 9, 2023	13,673 shares, last reported balance as of Mar 8, 2023
Andreas Opfermann	May 5, 2022	1,671 shares, last reported balance as of May 3, 2022
Nance Dicciani	Feb 25, 2022	19,590 shares, last reported balance as of Feb 23, 2022
Franz Fehrenbach	Feb 25, 2022	5,081 shares, last reported balance as of Feb 23, 2022
Larry McVay	Feb 25, 2022	13,309 shares, last reported balance as of Feb 23, 2022
Wolfgang Reitzle	Feb 25, 2022	20,211 shares, last reported balance as of Feb 23, 2022
Clemens Boersig	Feb 25, 2022	2,793 shares, last reported balance as of Feb 23, 2022
Eduardo Menezes	Mar 3, 2021	145,190 shares, last reported balance as of Mar 1, 2021
Anne Roby	Jun 4, 2020	33,002 shares, last reported balance as of Jun 3, 2020
Christian Bruch	Mar 13, 2020	10,293 shares, last reported balance as of Mar 12, 2020
Bernd Eulitz	Aug 16, 2019	10,904 shares, last reported balance as of Aug 15, 2019

Linde plc insiders sold $12.9M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the Linde plc CEO selling stock?

Why are Linde plc insiders selling?

Are any Linde plc insiders buying?

How much of their stake did Linde plc insiders sell?

The evidence

No plan disclosed · $10.8M

Taxes

Purchases · 2 buyers (2 trades)

Sales by month