Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 57

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 57
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      |   |     |         |     | 200 | % |

*Interpolated for results between threshold and maximum. ROC is the Company’s after-tax return on capital as reported in its quarterly and annual Consolidated Financial Statements, adjusted to eliminate the after-tax effect of any acquisition occurring during the Performance Period that was not known at the time the goals were set. Relative TSR-measured PSUs The March 2024 relative TSR awards are measured against a blended group of companies that is comprised of those that are listed on the S&P 500, excluding the Financial sector, plus those that are designated as Eurofirst 300 at January 1, 2024, and payouts will be determined based on the following schedule:

| 2024-2026       |     | TSR Rank |     | Payout* |     |     |   |
| Below Threshold |     | <25 %ile |     |         |     |   — | % |
| Threshold       |     | 25 %ile  |     |         |     |  25 | % |
| Target          |     | 50 %ile  |     |         |     | 100 | % |
| Maximum         |     | ≥75 %ile |     |         |     | 200 | % |

*Interpolated for results between threshold and maximum.

| 2025 EQUITY AWARD DESIGN: The HC Committee has determined that beginning with awards made in 2025, the PSU weighting will be evenly split so that ROC PSUs and TSR PSUs will each comprise 25% of the overall LTI award mix. The weights of the stock option and RSU components will remain 30% and 20%, respectively. |

| Linde plc | 55 |

Executive Compensation Matters

Compensation Discussion and Analysis

2022-2024 Performance Share Unit Payouts In March 2025, the grants of the ROC- and relative TSR-measured PSUs that met the pre-established performance criteria at the end of 2024 vested and were settled in Company shares. The Company achieved an industry-leading average annual ROC over the three-year performance period of 24.7%, which exceeded the pre-established goal for maximum performance of 22.0%. The HC Committee certified the vesting at 200% of the target number of ROC PSUs granted. The Company’s relative TSR over the three-year performance period ended in the 71 st percentile of the pre-established peer group comprised of companies that were listed on the