Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 87

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 87
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. As required under Irish law, the resolution in respect of Proposal 4 is an ordinary resolution that requires the affirmative vote of a simple majority of the votes cast. In the event that no option receives a majority of the votes cast, the Board, acting through the Human Capital Committee, intends to adopt the option that receives the most votes. The text of the resolution in respect of Proposal 4 is as follows: “Resolved, that the shareholders recommend, in an advisory and non-binding vote, whether a shareholder vote to approve the compensation of the Linde plc named executive officers should occur every: Option 1: 1 YEAR; Option 2: 2 YEARS; or Option 3: 3 YEARS.”

| The Board recommends that you vote “FOR” the option of “1 YEAR” as the frequency with which shareholders are provided an advisory and non-binding vote on NEO Compensation. |

| 82 | Linde plc |

Proposal 5: Determination of Price Range for Re-allotment of Treasury Shares

Proposal 5: Determination of Price Range for
Re-allotment of Treasury Shares

The Company’s open-market share repurchases and other share buyback activities result in some of its ordinary shares being returned and held as treasury shares. These treasury shares are used, in part, to issue shares in connection with director and employee stock grants, such as stock options, performance share units, restricted stock and the like. Under Irish law, the shareholders must authorise the price range at which Linde plc may re-allot any shares held in treasury as newly re-allotted shares of Linde plc. In this proposal, that price range is expressed as a percentage of the minimum and maximum of the closing market price on the day preceding the day on which the relevant share is re-allotted. Irish law requires that this authorisation be renewed by Linde’s shareholders every 18 months, and therefore this will continue to be proposed at subsequent annual general meetings. The authority being sought from the shareholders provides that the minimum and maximum prices at which a treasury share may be re-allotted are 95% (or nominal value where the re-allotment of treasury shares is required to satisfy an obligation under any compensation program (including any share scheme or option scheme)) and 120%, respectively, of the closing market price of the ordinary shares on the Nasdaq Stock Exchange the day preceding the day on which the relevant share is re-allotted, except as described below. Any re-allotment of treasury shares will only be at price