Linde plc EVP & CLO Guillermo Bichara Executes Option Exercise and Sale

Executive Summary

On November 4, 2026, Linde plc (NYSE: LIN) filed a Form 4 disclosing transactions executed on November 2, 2026, by Guillermo Bichara, Executive Vice President & Chief Legal Officer. The filing reflects an exercise of stock options covering 26,155 shares followed by the immediate disposition of all exercised shares through tax withholding and open-market sales.

Transaction Breakdown

• Stock Option Exercise (Code M): Exercised options to acquire 26,155 Ordinary Shares at an exercise price of $173.13 per share (expiring March 9, 2030).
• Shares Withheld for Taxes/Exercise Cost (Code F): Disposed of 16,805 shares at $518.685 per share to cover the strike cost and applicable withholding obligations.
• Open Market Sale (Code S): Sold the remaining 9,350 shares at a weighted average price of $518.911 per share (price range: $518.60 to $519.11), generating gross proceeds of approximately $4.85 million.
• Post-Transaction Holdings: The reporting person retained 22,137.769 Ordinary Shares held directly and 2,944.983 Ordinary Shares held indirectly via a 401(k) plan, exactly matching the direct share balance prior to the exercise.

Market and Trading Assessment

• Significance: Low.
• Context: This activity represents a standard exercise-and-sell transaction. Because all shares generated from the option exercise were either withheld or sold, Bichara's baseline direct and indirect equity holdings remained unchanged.
• Signal: Such transactions are common for executive compensation liquidity and estate planning, and do not convey a directional outlook on the company's operational trajectory.