Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 24

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 24
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 stock compensation grant equal to 60% of the value of the entire annual Board base retainer compensation. In 2024, an equity grant valued at $450,000 was made to the Chairman of the Board, and an equity grant valued at $195,000 was made to each other director for their services in 2024.

The Nomination and Governance Committee selected restricted stock units as the sole form of equity for the 2024 grant. The restricted stock units are fully vested (non-forfeitable) after one-year from the date of grant, but a prorated portion will be paid out if a director’s service on the Board terminates before the one year anniversary of the grant unless the director is removed by the shareholders or is removed for cause, in which case the grant will be forfeited. Restricted stock units will be paid out as soon as practicable after the vesting in Linde plc ordinary shares on a one-for-one basis.

The number of restricted stock units granted to deliver the $450,000 and $195,000 values, respectively, as of the March 7, 2024 grant date was based upon the average of the closing prices of the Company’s Ordinary Shares for the 60 trading days before and including February 14, 2024. Because the closing price of the Company’s Ordinary Shares on March 7, 2024 was higher than this 60-day average, the full grant date fair market value of the restricted stock units granted on March 7, 2024 and reported in the 2024 Director Compensation Table below was $511,819 for the Chairman of the Board, and $221,943 for each other director who received an equity grant.

Expenses

The Company pays or reimburses directors for travel, lodging and related expenses incurred in connection with attending board and committee meetings, the Annual General Meeting and other Company business-related events (including the expenses related to the attendance of spouses if they are specifically invited for appropriate business purposes) and may provide use of Company chartered aircraft. From time to time, the Company may reimburse a director’s expenses for his or her participation in third party-supplied continuing education related to the director’s board or committee service.

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Corporate Governance and Board Matters

Director Compensation

Director Deferred Compensation

Pursuant to the Linde plc Non-Employee Director Deferral Program (“Program), non-employee directors may elect to defer to a later date, payment of some or all of the cash fees that may be