Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 60

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 60
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 as well as, if eligible, through the Company’s Compensation Deferral Program, 401(k) Plan, Dividend Reinvestment and Stock Purchase Plan, and through other personal investments. Under the Company’s Stock Ownership Policy, unless the stock ownership level is met, an executive officer may not sell any of their holdings of Company stock and must hold all shares acquired upon vesting of PSUs or RSUs and option exercises, in each case net of shares withheld to pay applicable taxes and/or the option exercise price.

An executive officer may not engage in hedging transactions related to Company stock that would have the effect of reducing or eliminating the economic risk of holding Company stock.

In addition, no executive officer may pledge or otherwise encumber any of their Company stock.

Recapture Clawback Policy

In the event that the Company is required to prepare an accounting restatement due to material noncompliance with any financial requirement under securities laws, the HC Committee requires the reimbursement of amounts of incentive compensation received by all Section 16 officers in excess of the amounts that otherwise would have been received had they been determined based on the restated results, computed without regard to any taxes paid. The recovery of such excess incentive compensation is made for the three completed fiscal years immediately preceding the date that the Company is required to prepare the restatement. For purposes of the policy, incentive compensation includes any compensation that is granted, earned or vested based wholly or in part upon the attainment of a financial reporting measure, and includes the Company’s annual variable compensation and PSU awards based on the current design of such programs.

In addition, the HC Committee has the authority to cancel LTI awards and/or recover any gains realized by an employee in connection with an LTI award when, irrespective of whether or not the Company is required to prepare an accounting restatement, the HC Committee determines that the employee engaged in certain prohibited activities, including those that constitute a conflict of interest with the Company, are prejudicial to the Company’s interests, violate the employee’s continuing noncompete and/or confidentiality obligations to the Company, or violate Company policy (including its Code of Business Integrity).

Tax and Accounting

The accounting treatment of the compensation program was reviewed by the HC Committee but did not impact the selection and design of the annual variable compensation program or equity compensation for 2024, although all of the equity awards to the NEOs were made in such a manner as to not require liability accounting treatment.

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