Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 48

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 48
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, the HC Committee considered whether the value of each NEO’s aggregate compensation package was consistent with its objectives for Linde’s executive compensation program. It evaluated the following factors when determining compensation levels for NEOs: • market median data of international companies traded on the U.S. stock exchanges, • expected contribution to results, and exhibition of values, competencies and behaviors critical to the success of the Company, • internal equity: respective role, responsibilities and reporting relationships, • experience and time in similar roles, and retention objectives. The HC Committee did not have a set formula for determining target compensation opportunity; however, it referred to the median benchmark data during its review. Additionally, the HC Committee acknowledged that its general practice is to establish compensation levels toward the lower end of a competitive market range for an executive officer who is newer to their role. Conversely, a longer tenured executive officer with a history of strong performance will have target compensation levels set higher in the competitive range.

2024 Target Total Direct Compensation

| Name              | Title                              | Base Salary (1) |           |     | Target Annual VC (2) | Target Annual LTI Award (3) |            |     | Target Total Direct Compensation |            |
|:------------------|:-----------------------------------|:----------------|----------:|:----|:---------------------|:----------------------------|-----------:|:----|:---------------------------------|-----------:|
| Sanjiv Lamba      | Chief Executive Officer            | $               | 1,500,000 |     | 170%                 | $                           | 12,450,000 |     | $                                | 16,500,000 |
| Matthew J. White  | EVP, Chief Financial Officer       | $               |   920,000 |     | 110%                 | $                           |  5,100,000 |     | $                                |  7,032,000 |
| Guillermo Bichara | EVP, Chief Legal Officer           | $               |   810,000 |     | 95%                  | $                           |  3,050,000 |     | $                                |  4,629,500 |
| Sean F. Durbin    | EVP, North America                 | $               |   750,000 |     | 95%                  | $                           |  2,880,000 |     | $                                |  4,342,500 |
| David P. Strauss  | EVP, Chief Human Resources Officer | $