Company: LIN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060925
Chunk: 23

Company: LINDE PLC
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 23
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 solutions; and              
 (4)sustainable productivity, water conservation and management, energy consumption, product stewardship and zero waste sites.                                         |

| 20 | Linde plc |

Corporate Governance and Board Matters

Director Compensation

Director Compensation Program

The Board adopted its Director Compensation Program based in part on an extensive director compensation study and analysis performed by F. W. Cook, a recognized expert compensation consultant. The study was updated and refreshed by F.W. Cook in 2024. This report included data, analysis and advice, a report on director compensation trends and benchmarking of director compensation against groups of large U.S. and European public companies.

The Company paid the amounts reported in the 2024 Director Compensation table below pursuant to its Director Compensation Program in effect for 2024. The Company does not pay any director who is a Company employee (Mr. Lamba in 2024) for serving as a member of the Board of Directors or any committee of the Board of Directors. The Nomination and Governance Committee of the Board determines non-management director compensation consistent with the Directors’ Compensation principles set forth in the Corporate Governance Guidelines. The Director Compensation Program in effect for 2024 is as described below, but was amended effective February 1, 2025, for 2025 compensation as described below.

The annual base retainer compensation was $750,000 for the Chairman of the Board, and $325,000 for all other non-employee directors, 40% of which was payable in cash and 60% of which was in the form of an equity stock compensation grant.

Cash Compensation

Cash compensation comprises 40% of the entire annual Board base retainer compensation, as follows:

A $300,000 annual retainer paid quarterly to the Chairman of the Board.

A $130,000 annual retainer paid quarterly to all other directors.

In addition to the base cash retainer, committee Chairs and the Lead Independent Director receive the following additional cash compensation:

An additional $60,000 annual retainer paid quarterly to the Chair of the Audit Committee (this annual retainer was reduced from $100,000 to $60,000 effective January 1, 2024).

An additional $50,000 annual retainer paid quarterly to each Chair of the Human Capital Committee, the Nomination and Governance Committee and the Sustainability Committee.

An additional $35,000 annual retainer paid quarterly to the Lead Independent Director.

Equity Compensation

In addition to the cash compensation set forth above, each non-management Director receives an annual equity