Linde insider activity
What the executives and directors of Linde actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$12M
net open-market flow, 12 m
2 open-market buys, 12 m
16.3%
of sale value on 10b5-1 plans, 12 m
35 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 74 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Jun 8, 2026 | Innocenzi Stefanos | 6,097 |
| Mar 10, 2026 | Durbin Sean | 21K |
| Mar 9, 2026 | Weisser Alberto | 482 |
| Mar 9, 2026 | White Matthew J | 16K |
| Mar 9, 2026 | Bichara Guillermo | 9,428 |
| Mar 9, 2026 | Hoyt Kelcey E | 1,754 |
| Mar 9, 2026 | Enders Thomas | 521 |
| Mar 9, 2026 | Ossadnik Victoria | 508 |
| Mar 9, 2026 | Achleitner Ann-Kristin | 502 |
| Mar 9, 2026 | Lamba Sanjiv | 42K |
| Mar 9, 2026 | Kaeser Josef | 521 |
| Mar 9, 2026 | Pfann Oliver | 1,318 |
| Mar 9, 2026 | Patwari Binod | 907 |
| Mar 9, 2026 | Bacher Desiree | 1,394 |
| Mar 9, 2026 | Glazer Benjamin | 5,303 |
| Feb 24, 2026 | Patwari Binod | 2,051 |
| Feb 17, 2026 | Bichara Guillermo | 45K |
| Jan 20, 2026 | ANGEL STEPHEN F | 9,801 |
| Sep 11, 2025 | Bichara Guillermo | 640 |
| Aug 18, 2025 | ANGEL STEPHEN F | 25K |
| Aug 18, 2025 | Enders Thomas | 2,500 |
| Aug 7, 2025 | ANGEL STEPHEN F | 200K |
| May 22, 2025 | Durbin Sean | 13K |
| Mar 11, 2025 | GRANT HUGH | 483 |
| Mar 11, 2025 | WOOD ROBERT L | 515 |
| Mar 11, 2025 | Reynolds Paula Rosput | 483 |
| Mar 11, 2025 | WEISSER ALBERTO | 495 |
| Mar 11, 2025 | Enders Thomas | 535 |
| Mar 11, 2025 | Ossadnik Victoria | 514 |
| Mar 11, 2025 | Achleitner Ann-Kristin | 506 |
| Mar 11, 2025 | Kaeser Josef | 538 |
| Mar 10, 2025 | ANGEL STEPHEN F | 61K |
| Mar 10, 2025 | White Matthew J | 22K |
| Mar 10, 2025 | Bichara Guillermo | 13K |
| Mar 10, 2025 | Hoyt Kelcey E | 2,649 |
| Mar 10, 2025 | Strauss David P | 10K |
| Mar 10, 2025 | Lamba Sanjiv | 54K |
| Mar 10, 2025 | Nowicki Juergen | 11K |
| Mar 10, 2025 | Durbin Sean | 12K |
| Mar 10, 2025 | Pfann Oliver | 1,904 |
| Mar 10, 2025 | Patwari Binod | 1,109 |
| Mar 5, 2025 | ANGEL STEPHEN F | 218K |
| Mar 3, 2025 | Strauss David P | 13K |
| Feb 26, 2025 | Hoyt Kelcey E | 16K |
| Feb 20, 2025 | Nowicki Juergen | 45K |
| Feb 18, 2025 | Patwari Binod | 2,000 |
| Jan 21, 2025 | ANGEL STEPHEN F | 9,433 |
| Dec 20, 2024 | Strauss David P | 49K |
| Aug 16, 2024 | Durbin Sean | 20K |
| Aug 16, 2024 | Pfann Oliver | 15K |
| Mar 14, 2024 | ANGEL STEPHEN F | 39K |
| Mar 11, 2024 | GRANT HUGH | 599 |
| Mar 11, 2024 | WOOD ROBERT L | 610 |
| Mar 11, 2024 | WEISSER ALBERTO | 615 |
| Mar 11, 2024 | RICHENHAGEN MARTIN | 676 |
| Mar 11, 2024 | White Matthew J | 27K |
| Mar 11, 2024 | Panikar John | 14K |
| Mar 11, 2024 | Bichara Guillermo | 16K |
| Mar 11, 2024 | Hoyt Kelcey E | 3,041 |
| Mar 11, 2024 | Strauss David P | 13K |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Vested / exercised | 107K |
| Bought on market | 2,620 |
| Withheld for tax | 57K |
| Planned sales (10b5-1) | 4,357 |
| Discretionary sales | 22K |
| Kept | 26K |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| ANGEL STEPHEN F | 343K | 460K | 134.2 |
| White Matthew J | 47K | 83K | 177.5 |
| Strauss David P | 21K | 4,689 | 22.8 |
| Bichara Guillermo | 21K | 22K | 107.1 |
Who holds what
the 14 largest holdings of 23| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| ANGEL STEPHEN F Last trade Aug 7, 2025 | Director | 463K | – | – | Aug 7, 2025 | |
| Lamba Sanjiv Chairman & CEO Last trade Dec 8, 2025 | CEO | 111K | $1.0M | – | net buying over the year: 1 month buying, 0 months selling | Dec 8, 2025 |
| White Matthew J Chief Financial Officer Last trade Mar 4, 2024 | CFO | 84K | – | – | Mar 4, 2024 | |
| Strauss David P Executive VP, Chief HR Officer Last trade May 16, 2025 | Officer | 25K | – | – | May 16, 2025 | |
| Bichara Guillermo Exec VP & Chief Legal Officer Last trade Mar 10, 2026 | Officer | 22K | – | $6.6M | net selling over the year: 0 months buying, 2 months selling | Mar 10, 2026 |
| Hoyt Kelcey E Principal Accounting Officer Last trade Nov 16, 2022 | Officer | 22K | – | – | Nov 16, 2022 | |
| Panikar John Executive VP, APAC Last trade Sep 10, 2024 | Officer | 18K | – | – | Sep 10, 2024 | |
| Nowicki Juergen Executive VP, Engineering Last trade Feb 20, 2025 | Officer | 16K | – | – | Feb 20, 2025 | |
| Glazer Benjamin SVP, Americas | Officer | 15K | – | – | – | |
| Enders Thomas Last trade Mar 13, 2020 | Director | 11K | – | – | Mar 13, 2020 | |
| WOOD ROBERT L Last trade May 15, 2026 | Director | 9,248 | – | $2.6M | net selling over the year: 0 months buying, 1 month selling | May 15, 2026 |
| Durbin Sean EVP, Chief Operating Officer Last trade Mar 10, 2026 | COO | 8,151 | – | $3.1M | net selling over the year: 0 months buying, 1 month selling | Mar 10, 2026 |
| RICHENHAGEN MARTIN | Director | 7,085 | – | – | – | |
| Achleitner Ann-Kristin | Director | 4,943 | – | – | – |
Open-market trade log
the 60 most recent of 113| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Aug 18, 2026 | Reynolds Paula Rosput (Director) 100 shares $479.12 +0.0% since trade filed Aug 19, 2026 | Open-market buy | 100 | $479.12 | $48K | +0.0% | Aug 19, 2026 |
| May 15, 2026 | WOOD ROBERT L (Director) 4,335 shares $506.39 −5.4% since trade filed May 18, 2026 | Discretionary sale | 4,335 | $506.39 | $2.2M | −5.4% | May 18, 2026 |
| May 14, 2026 | WOOD ROBERT L (Director) 880 shares $508.76 −5.8% since trade filed May 18, 2026 | Discretionary sale | 880 | $508.76 | $448K | −5.8% | May 18, 2026 |
| Mar 10, 2026 | Bichara Guillermo (Officer) 4,357 shares $480.79 −0.4% since trade filed Mar 12, 2026 | Planned sale (10b5-1) | 4,357 | $480.79 | $2.1M | −0.4% | Mar 12, 2026 |
| Mar 10, 2026 | Durbin Sean (COO) 2,406 shares $476.41 +0.6% since trade filed Mar 12, 2026 | Discretionary sale | 2,406 | $476.41 | $1.1M | +0.6% | Mar 12, 2026 |
| Mar 10, 2026 | Durbin Sean (COO) 4,114 shares $477.78 +0.3% since trade filed Mar 12, 2026 | Discretionary sale | 4,114 | $477.78 | $2.0M | +0.3% | Mar 12, 2026 |
| Feb 24, 2026 | Patwari Binod (Officer) 999 shares $502.77 −4.7% since trade filed Feb 26, 2026 | Discretionary sale | 999 | $502.77 | $502K | −4.7% | Feb 26, 2026 |
| Feb 17, 2026 | Bichara Guillermo (Officer) 9,455 shares $480.45 −0.3% since trade filed Feb 18, 2026 | Discretionary sale | 9,455 | $480.45 | $4.5M | −0.3% | Feb 18, 2026 |
| Dec 8, 2025 | Lamba Sanjiv (CEO) 2,520 shares $396.68 +20.8% since trade filed Dec 8, 2025 | Open-market buy | 2,520 | $396.68 | $1.0M | +20.8% | Dec 8, 2025 |
| Aug 7, 2025 | ANGEL STEPHEN F (Director) 50K shares $473.38 +1.2% since trade filed Aug 8, 2025 | Discretionary sale | 50K | $473.38 | $24M | +1.2% | Aug 8, 2025 |
| May 22, 2025 | Durbin Sean (Officer) 2,624 shares $456.82 +4.9% since trade filed May 27, 2025 | Discretionary sale | 2,624 | $456.82 | $1.2M | +4.9% | May 27, 2025 |
| May 22, 2025 | Durbin Sean (Officer) 4,637 shares $456.19 +5.0% since trade filed May 27, 2025 | Discretionary sale | 4,637 | $456.19 | $2.1M | +5.0% | May 27, 2025 |
| May 16, 2025 | Strauss David P (Officer) 1,987 shares $457.04 +4.8% since trade filed May 20, 2025 | Discretionary sale | 1,987 | $457.04 | $908K | +4.8% | May 20, 2025 |
| Mar 11, 2025 | Bichara Guillermo (Officer) 4,833 shares $461.65 +3.8% since trade filed Mar 12, 2025 | Planned sale (10b5-1) | 4,833 | $461.65 | $2.2M | +3.8% | Mar 12, 2025 |
| Mar 3, 2025 | Strauss David P (Officer) 2,477 shares $469.74 +2.0% since trade filed Mar 4, 2025 | Discretionary sale | 2,477 | $469.74 | $1.2M | +2.0% | Mar 4, 2025 |
| Feb 20, 2025 | Nowicki Juergen (Officer) 1,507 shares $459.44 +4.3% since trade filed Feb 21, 2025 | Discretionary sale | 1,507 | $459.44 | $692K | +4.3% | Feb 21, 2025 |
| Feb 20, 2025 | Nowicki Juergen (Officer) 1,620 shares $459.90 +4.2% since trade filed Feb 21, 2025 | Discretionary sale | 1,620 | $459.90 | $745K | +4.2% | Feb 21, 2025 |
| Feb 20, 2025 | Nowicki Juergen (Officer) 3,655 shares $459.57 +4.3% since trade filed Feb 21, 2025 | Discretionary sale | 3,655 | $459.57 | $1.7M | +4.3% | Feb 21, 2025 |
| Feb 18, 2025 | Patwari Binod (Officer) 1,400 shares $457.55 +4.7% since trade filed Feb 21, 2025 | Discretionary sale | 1,400 | $457.55 | $641K | +4.7% | Feb 21, 2025 |
| Feb 10, 2025 | WOOD ROBERT L (Director) 2,900 shares $456.26 +5.0% since trade filed Feb 12, 2025 | Discretionary sale | 2,900 | $456.26 | $1.3M | +5.0% | Feb 12, 2025 |
| Dec 16, 2024 | Strauss David P (Officer) 2,218 shares $434.35 +10.3% since trade filed Dec 17, 2024 | Discretionary sale | 2,218 | $434.35 | $963K | +10.3% | Dec 17, 2024 |
| Dec 12, 2024 | Reynolds Paula Rosput (Director) 100 shares $441.34 +8.6% since trade filed Dec 12, 2024 | Open-market buy | 100 | $441.34 | $44K | +8.6% | Dec 12, 2024 |
| Dec 4, 2024 | Bichara Guillermo (Officer) 4,385 shares $460.73 +4.0% since trade filed Dec 6, 2024 | Discretionary sale | 4,385 | $460.73 | $2.0M | +4.0% | Dec 6, 2024 |
| Sep 10, 2024 | Panikar John (Officer) 10K shares $462.75 +3.5% since trade filed Sep 11, 2024 | Discretionary sale | 10K | $462.75 | $4.6M | +3.5% | Sep 11, 2024 |
| Aug 16, 2024 | Durbin Sean (Officer) 4,169 shares $456.42 +5.0% since trade filed Aug 23, 2024 late | Discretionary sale | 4,169 | $456.42 | $1.9M | +5.0% | Aug 23, 2024 late |
| Aug 16, 2024 | Pfann Oliver (Officer) 1,022 shares $453.70 +5.6% since trade filed Aug 20, 2024 | Discretionary sale | 1,022 | $453.70 | $464K | +5.6% | Aug 20, 2024 |
| Mar 12, 2024 | Bichara Guillermo (Officer) 6,034 shares $471.01 +1.7% since trade filed Mar 13, 2024 | Discretionary sale | 6,034 | $471.01 | $2.8M | +1.7% | Mar 13, 2024 |
| Mar 12, 2024 | Durbin Sean (Officer) 5,277 shares $467.39 +2.5% since trade filed Mar 13, 2024 | Planned sale (10b5-1) | 5,277 | $467.39 | $2.5M | +2.5% | Mar 13, 2024 |
| Mar 7, 2024 | Strauss David P (Officer) 1 shares $466.32 +2.7% since trade filed Mar 11, 2024 | Discretionary sale | 1 | $466.32 | $466 | +2.7% | Mar 11, 2024 |
| Mar 7, 2024 | Strauss David P (Officer) 2,522 shares $465.65 +2.9% since trade filed Mar 11, 2024 | Discretionary sale | 2,522 | $465.65 | $1.2M | +2.9% | Mar 11, 2024 |
| Mar 6, 2024 | Lamba Sanjiv (CEO) 8,306 shares $462.04 +3.7% since trade filed Mar 8, 2024 | Discretionary sale | 8,306 | $462.04 | $3.8M | +3.7% | Mar 8, 2024 |
| Mar 5, 2024 | Nowicki Juergen (Officer) 2,947 shares $459.36 +4.3% since trade filed Mar 7, 2024 | Discretionary sale | 2,947 | $459.36 | $1.4M | +4.3% | Mar 7, 2024 |
| Mar 5, 2024 | Nowicki Juergen (Officer) 10K shares $459.08 +4.4% since trade filed Mar 7, 2024 | Discretionary sale | 10K | $459.08 | $4.7M | +4.4% | Mar 7, 2024 |
| Mar 4, 2024 | ANGEL STEPHEN F (Director) 40K shares $453.66 +5.6% since trade filed Mar 6, 2024 | Discretionary sale | 40K | $453.66 | $18M | +5.6% | Mar 6, 2024 |
| Mar 4, 2024 | White Matthew J (CFO) 51K shares $455.84 +5.1% since trade filed Mar 6, 2024 | Discretionary sale | 51K | $455.84 | $23M | +5.1% | Mar 6, 2024 |
| Feb 8, 2024 | Pfann Oliver (Officer) 50 shares $414.68 +15.5% since trade filed Aug 23, 2024 late | Discretionary sale | 50 | $414.68 | $21K | +15.5% | Aug 23, 2024 late |
| Feb 8, 2024 | Pfann Oliver (Officer) 50 shares $414.73 +15.5% since trade filed Aug 23, 2024 late | Discretionary sale | 50 | $414.73 | $21K | +15.5% | Aug 23, 2024 late |
| Feb 8, 2024 | Pfann Oliver (Officer) 100 shares $414.51 +15.6% since trade filed Aug 23, 2024 late | Discretionary sale | 100 | $414.51 | $41K | +15.6% | Aug 23, 2024 late |
| Feb 8, 2024 | Pfann Oliver (Officer) 100 shares $414.62 +15.6% since trade filed Aug 23, 2024 late | Discretionary sale | 100 | $414.62 | $41K | +15.6% | Aug 23, 2024 late |
| Sep 14, 2023 | Durbin Sean (Officer) 311 shares $386.75 +23.9% since trade filed Sep 18, 2023 | Planned sale (10b5-1) | 311 | $386.75 | $120K | +23.9% | Sep 18, 2023 |
| Sep 14, 2023 | Durbin Sean (Officer) 312 shares $390.28 +22.8% since trade filed Sep 18, 2023 | Planned sale (10b5-1) | 312 | $390.28 | $122K | +22.8% | Sep 18, 2023 |
| Sep 7, 2023 | Bichara Guillermo (Officer) 12K shares $386.53 +24.0% since trade filed Sep 11, 2023 | Discretionary sale | 12K | $386.53 | $4.8M | +24.0% | Sep 11, 2023 |
| Aug 1, 2023 | ANGEL STEPHEN F (Director) 40K shares $391.62 +22.3% since trade filed Aug 3, 2023 | Discretionary sale | 40K | $391.62 | $16M | +22.3% | Aug 3, 2023 |
| Jun 14, 2023 | Durbin Sean (Officer) 1,966 shares $373.46 +28.3% since trade filed Jun 16, 2023 | Discretionary sale | 1,966 | $373.46 | $734K | +28.3% | Jun 16, 2023 |
| May 15, 2023 | Strauss David P (Officer) 6 shares $370.77 +29.2% since trade filed May 17, 2023 | Discretionary sale | 6 | $370.77 | $2K | +29.2% | May 17, 2023 |
| May 15, 2023 | Strauss David P (Officer) 2,188 shares $371.02 +29.1% since trade filed May 17, 2023 | Discretionary sale | 2,188 | $371.02 | $812K | +29.1% | May 17, 2023 |
| May 1, 2023 | ANGEL STEPHEN F (Director) 45K shares $372.35 +28.7% since trade filed May 3, 2023 | Discretionary sale | 45K | $372.35 | $17M | +28.7% | May 3, 2023 |
| May 1, 2023 | Bichara Guillermo (Officer) 15K shares $371.55 +29.0% since trade filed May 3, 2023 | Discretionary sale | 15K | $371.55 | $5.4M | +29.0% | May 3, 2023 |
| Mar 3, 2023 | Durbin Sean (Officer) 2,000 shares $360.30 +33.0% since trade filed Mar 7, 2023 | Discretionary sale | 2,000 | $360.30 | $721K | +33.0% | Mar 7, 2023 |
| Mar 3, 2023 | Durbin Sean (Officer) 2,060 shares $360.04 +33.1% since trade filed Mar 7, 2023 | Discretionary sale | 2,060 | $360.04 | $742K | +33.1% | Mar 7, 2023 |
| Nov 16, 2022 | Hoyt Kelcey E (Officer) 131 shares $333.93 +43.5% since trade filed Nov 17, 2022 | Discretionary sale | 131 | $333.93 | $44K | +43.5% | Nov 17, 2022 |
| Nov 16, 2022 | Hoyt Kelcey E (Officer) 300 shares $333.85 +43.5% since trade filed Nov 17, 2022 | Discretionary sale | 300 | $333.85 | $100K | +43.5% | Nov 17, 2022 |
| Nov 16, 2022 | Hoyt Kelcey E (Officer) 800 shares $333.84 +43.5% since trade filed Nov 17, 2022 | Discretionary sale | 800 | $333.84 | $267K | +43.5% | Nov 17, 2022 |
| Nov 16, 2022 | Hoyt Kelcey E (Officer) 1,701 shares $333.95 +43.5% since trade filed Nov 17, 2022 | Discretionary sale | 1,701 | $333.95 | $568K | +43.5% | Nov 17, 2022 |
| Nov 14, 2022 | Strauss David P (Officer) 2,166 shares $335.61 +42.8% since trade filed Nov 16, 2022 | Discretionary sale | 2,166 | $335.61 | $727K | +42.8% | Nov 16, 2022 |
| Nov 11, 2022 | ANGEL STEPHEN F (Director) 74K shares $330.51 +45.0% since trade filed Nov 15, 2022 | Discretionary sale | 74K | $330.51 | $25M | +45.0% | Nov 15, 2022 |
| May 3, 2022 | Opfermann Andreas (Officer) 186 shares $311.55 +53.8% since trade filed May 5, 2022 | Discretionary sale | 186 | $311.55 | $58K | +53.8% | May 5, 2022 |
| Mar 8, 2022 | Lamba Sanjiv (CEO) 3,750 shares $268.62 +78.4% since trade filed Mar 8, 2022 | Open-market buy | 3,750 | $268.62 | $1.0M | +78.4% | Mar 8, 2022 |
| Feb 18, 2022 | Fehrenbach Franz (Director) 95 shares $302.96 +58.2% since trade filed Feb 22, 2022 | Open-market buy | 95 | $302.96 | $29K | +58.2% | Feb 22, 2022 |
| Feb 18, 2022 | Fehrenbach Franz (Director) 280 shares $303.02 +58.1% since trade filed Feb 22, 2022 | Open-market buy | 280 | $303.02 | $85K | +58.1% | Feb 22, 2022 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
138 Forms 4, 3 years
2 filed late
4 amendments
4.2 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.