Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 79

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 79
---
 for: Matthew J. White, Sean F. Durbin, Guillermo Bichara, and David P. Strauss in 2024; Matthew J. White, John M. Panikar, Sean F. Durbin, and Guillermo Bichara in 2023 and 2022; Sanjiv Lamba, Matthew J. White, John M. Panikar, and Sean F. Durbin in 2021; and Sanjiv Lamba, Matthew J. White, Eduardo Menezes, and Andreas Opfermann in 2020.

(6) Figures reported in this column are for peers in the Standard & Poor’s S5 Materials Index (“S5MATR”) which covers 28 companies, including Linde, consistent with the peer group used by the Company for purposes of Item 201(e) of Regulation S-K.

(7) Adjusted after-tax return on capital is a non-GAAP measure. Please see “ Reconciliation to Compensation and Non-GAAP Measures” on page 79 for a reconciliation to the reported GAAP amounts that are most comparable. While the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance under the Company’s compensation programs, the Company has determined that adjusted after-tax return on capital is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the NEOs, for the most recently completed fiscal year, to Company performance.

(8) Below is a table summarizing the relevant Monte Carlo modeling inputs associated with each award/valuation date for purposes of calculating the Compensation Actually Paid to the CEO and other NEOs in 2024.

| Grant date                    
 Valuation date                
 Remaining perf. period (yrs.) |     | 3/7/2023   
 12/31/2023 |   |          2 |   |     | 12/31/2024 |   |           1 |   |     | 3/7/2024   
 12/31/2024 |   |           2 |   |
|:------------------------------|:----|:-----------|:--|-----------:|:--|:----|:-----------|:--|------------:|:--|:----|:-----------|:--|------------:|:--|
| Valuation date price          |     |            | $ |