Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 81

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 81
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 |  4.20 | % |     |            |     |  3.86 | % |     |          |     |  4.11 | % |     |            |     |  4.24 | % |     |            |     |  4.32 | % |
| Expected term  |     |            |     |     3 |   |     |          |     |     3 |   |     |            |     |     3 |   |     |          |     |     3 |   |     |            |     |     2 |   |     |            |     |     4 |   |     |          |     |     4 |   |     |            |     |     3 |   |     |            |     |     4 |   |

Narrative Disclosure to Pay versus Performance Table

Most Important Performance Measures Used to Link Executive Compensation and Company Performance

As described in greater detail in the CD&A, the Company’s executive compensation program reflects a variable pay-for-performance philosophy. The metrics that the Company uses for both short- and long-term incentive awards are selected with the objective of incentivizing the NEOs to increase the value of the enterprise to the Company’s shareholders. The following table lists the seven most important company performance measures used by Linde to determine the compensation of the CEO and other NEOs in 2024.

| After-Tax Return on Capital                                                                           |
| Net Income                                                                                            |
| Relative TSR                                                                                          |
| Sales                                                                                                 |
| Operating Cash Flow                                                                                   |
| Greenhouse Gas Emissions                                                                              |
| Core Values (Safety, Health & Environment; Sustainability; Compliance & Integrity; and Human Capital) |

| Linde plc | 75 |

Executive Compensation Matters

Pay versus Performance

Relationship of Compensation Actually Paid and TSR (Linde and Peer Group), by Year The graph below compares the Compensation Actually Paid to the CEO and other NEOs, respectively, to the cumulative returns of Linde’s ordinary shares and the ordinary shares of Linde’s peers, respectively. Consistent with the disclosure rules, the total shareholder return (“TSR”) figures are based on an initial investment of $100 on December 31, 2019 and the reinvestment of all dividends. The compensation actually paid to the CEO and other NEOs is aligned with the Company’s cumulative TSR over the period presented because a significant portion of the compensation actually paid to the CEO and other NEOs is comprised of equity awards