Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 47

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 47
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 recommendations for other NEO compensation, as well as input on the CEO’s compensation.

Review of and advice on compensation program design proposals presented by management for the HC Committee’s consideration.

Compensation Peer Group

The HC Committee established a Compensation Peer Group to be used to assess competitive market compensation ranges for its top officers. Elements considered by the HC Committee when choosing companies for peers included market capitalization, revenue, net income, sector, global operations, location of headquarters, and stock markets where publicly traded. The HC Committee reviews the peer group on an annual basis, though will only make changes when appropriate as it values year-over-year consistency. The table on the following page lists the companies comprising the Compensation Peer Group that was used for making pay decisions for calendar year 2024.

| Linde plc | 45 |

Executive Compensation Matters

Compensation Discussion and Analysis

|             |     | Compensation Peer Group |     |                       |
| 3M          |     | Gilead Sciences         |     | Merck & Co.           |
| Abbvie      |     | Halliburton Company     |     | Mondelez Intl         |
| Abbott      |     | Honeywell Intl          |     | PPG Industries        |
| Caterpillar |     | InBev                   |     | Raytheon Technologies |
| Coca-Cola   |     | Johnson Controls        |     | Roche                 |
| Cummins     |     | Kraft Heinz             |     | SAP                   |
| Danaher     |     | Lyondell Basell         |     | Sherwin-Williams      |
| Deere       |     | Medtronic               |     | Thermo Fisher         |
| Eaton       |     | Micron Technology       |     |                       |

Risk Considerations

The HC Committee reviews the design of the Company’s incentive compensation plans on an annual basis to confirm that the incentive programs do not encourage excessive risk taking. During the HC Committee’s review in February 2024, sufficient controls to incentive plan design were identified including payout caps, a blend of multiple financial and non-financial factors, and the significant weight given to rewarding long-term performance through equity awards. Based on this review, management and the HC Committee do not believe that the Company’s incentive compensation plans create risks that are reasonably likely to have a material adverse effect on the Company.

| 46 | Linde plc |

Executive Compensation Matters

Compensation Discussion and Analysis

2024 Executive Compensation Design and Decisions Aggregate Compensation In establishing the 2024 compensation for each NEO