What the executives and directors of Linde plc actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact 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 gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
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.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 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.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| ANGEL STEPHEN F | Director | 462.8K | — | $23.8M |
| Lamba Sanjiv Chairman & CEO | CEO | 110.7K | $1000K | — |
| White Matthew J Chief Financial Officer | CFO | 83.8K | — | — |
| Strauss David P Executive VP, Chief HR Officer | Officer | 25.1K | — | — |
| Bichara Guillermo Exec VP & Chief Legal Officer | Officer | 22.1K | — | $6.6M |
| Hoyt Kelcey E Principal Accounting Officer | Officer | 21.9K | — | — |
| Panikar John Executive VP, APAC | Officer | 17.6K | — | — |
| Nowicki Juergen Executive VP, Engineering | Officer | 16.1K | — | — |
| Glazer Benjamin SVP, Americas | Officer | 15K | — | — |
| Enders Thomas | Director | 11.1K | — | — |
| WOOD ROBERT L | Director | 9,248 | — | $2.6M |
| Durbin Sean EVP, Chief Operating Officer | COO | 8,151 | — | $3.1M |
| RICHENHAGEN MARTIN | Director | 7,085 | — | — |
| Achleitner Ann-Kristin | Director | 4,943 | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-15 | WOOD ROBERT L (Director) | Discretionary sale | 4,335 | $506.39 | $2.2M |
| 2026-05-14 | WOOD ROBERT L (Director) | Discretionary sale | 880 | $508.76 | $448K |
| 2026-03-10 | Bichara Guillermo (Officer) | Planned sale (10b5-1) | 4,357 | $480.79 | $2.1M |
| 2026-03-10 | Durbin Sean (COO) | Discretionary sale | 2,406 | $476.41 | $1.1M |
| 2026-03-10 | Durbin Sean (COO) | Discretionary sale | 4,114 | $477.78 | $2M |
| 2026-02-24 | Patwari Binod (Officer) | Discretionary sale | 999 | $502.77 | $502K |
| 2026-02-17 | Bichara Guillermo (Officer) | Discretionary sale | 9,455 | $480.45 | $4.5M |
| 2025-12-08 | Lamba Sanjiv (CEO) | Open-market buy | 2,520 | $396.68 | $1000K |
| 2025-08-07 | ANGEL STEPHEN F (Director) | Discretionary sale | 50.3K | $473.38 | $23.8M |
| 2025-05-22 | Durbin Sean (Officer) | Discretionary sale | 2,624 | $456.82 | $1.2M |
| 2025-05-22 | Durbin Sean (Officer) | Discretionary sale | 4,637 | $456.19 | $2.1M |
| 2025-05-16 | Strauss David P (Officer) | Discretionary sale | 1,987 | $457.04 | $908K |
| 2025-03-11 | Bichara Guillermo (Officer) | Planned sale (10b5-1) | 4,833 | $461.65 | $2.2M |
| 2025-03-03 | Strauss David P (Officer) | Discretionary sale | 2,477 | $469.74 | $1.2M |
| 2025-02-20 | Nowicki Juergen (Officer) | Discretionary sale | 1,507 | $459.44 | $692K |
| 2025-02-20 | Nowicki Juergen (Officer) | Discretionary sale | 1,620 | $459.90 | $745K |
| 2025-02-20 | Nowicki Juergen (Officer) | Discretionary sale | 3,655 | $459.57 | $1.7M |
| 2025-02-18 | Patwari Binod (Officer) | Discretionary sale | 1,400 | $457.55 | $641K |
| 2025-02-10 | WOOD ROBERT L (Director) | Discretionary sale | 2,900 | $456.26 | $1.3M |
| 2024-12-16 | Strauss David P (Officer) | Discretionary sale | 2,218 | $434.35 | $963K |
| 2024-12-12 | Reynolds Paula Rosput (Director) | Open-market buy | 100 | $441.34 | $44K |
| 2024-12-04 | Bichara Guillermo (Officer) | Discretionary sale | 4,385 | $460.73 | $2M |
| 2024-09-10 | Panikar John (Officer) | Discretionary sale | 10K | $462.75 | $4.6M |
| 2024-08-16 | Durbin Sean (Officer) | Discretionary sale | 4,169 | $456.42 | $1.9M |
| 2024-08-16 | Pfann Oliver (Officer) | Discretionary sale | 1,022 | $453.70 | $464K |
| 2024-03-12 | Bichara Guillermo (Officer) | Discretionary sale | 6,034 | $471.01 | $2.8M |
| 2024-03-12 | Durbin Sean (Officer) | Planned sale (10b5-1) | 5,277 | $467.39 | $2.5M |
| 2024-03-07 | Strauss David P (Officer) | Discretionary sale | 1 | $466.32 | $466 |
| 2024-03-07 | Strauss David P (Officer) | Discretionary sale | 2,522 | $465.65 | $1.2M |
| 2024-03-06 | Lamba Sanjiv (CEO) | Discretionary sale | 8,306 | $462.04 | $3.8M |
| 2024-03-05 | Nowicki Juergen (Officer) | Discretionary sale | 2,947 | $459.36 | $1.4M |
| 2024-03-05 | Nowicki Juergen (Officer) | Discretionary sale | 10.2K | $459.08 | $4.7M |
| 2024-03-04 | ANGEL STEPHEN F (Director) | Discretionary sale | 39.6K | $453.66 | $18M |
| 2024-03-04 | White Matthew J (CFO) | Discretionary sale | 51.2K | $455.84 | $23.4M |
| 2024-02-08 | Pfann Oliver (Officer) | Discretionary sale | 50 | $414.68 | $21K |
| 2024-02-08 | Pfann Oliver (Officer) | Discretionary sale | 50 | $414.73 | $21K |
| 2024-02-08 | Pfann Oliver (Officer) | Discretionary sale | 100 | $414.51 | $41K |
| 2024-02-08 | Pfann Oliver (Officer) | Discretionary sale | 100 | $414.62 | $41K |
| 2023-09-14 | Durbin Sean (Officer) | Planned sale (10b5-1) | 311 | $386.75 | $120K |
| 2023-09-14 | Durbin Sean (Officer) | Planned sale (10b5-1) | 312 | $390.28 | $122K |
| 2023-09-07 | Bichara Guillermo (Officer) | Discretionary sale | 12.5K | $386.53 | $4.8M |
| 2023-08-01 | ANGEL STEPHEN F (Director) | Discretionary sale | 39.7K | $391.62 | $15.5M |
| 2023-06-14 | Durbin Sean (Officer) | Discretionary sale | 1,966 | $373.46 | $734K |
| 2023-05-15 | Strauss David P (Officer) | Discretionary sale | 6 | $370.77 | $2K |
| 2023-05-15 | Strauss David P (Officer) | Discretionary sale | 2,188 | $371.02 | $812K |
| 2023-05-01 | ANGEL STEPHEN F (Director) | Discretionary sale | 45.3K | $372.35 | $16.9M |
| 2023-05-01 | Bichara Guillermo (Officer) | Discretionary sale | 14.6K | $371.55 | $5.4M |
| 2023-03-03 | Durbin Sean (Officer) | Discretionary sale | 2,000 | $360.30 | $721K |
| 2023-03-03 | Durbin Sean (Officer) | Discretionary sale | 2,060 | $360.04 | $742K |
| 2022-11-16 | Hoyt Kelcey E (Officer) | Discretionary sale | 131 | $333.93 | $44K |
| 2022-11-16 | Hoyt Kelcey E (Officer) | Discretionary sale | 300 | $333.85 | $100K |
| 2022-11-16 | Hoyt Kelcey E (Officer) | Discretionary sale | 800 | $333.84 | $267K |
| 2022-11-16 | Hoyt Kelcey E (Officer) | Discretionary sale | 1,701 | $333.95 | $568K |
| 2022-11-14 | Strauss David P (Officer) | Discretionary sale | 2,166 | $335.61 | $727K |
| 2022-11-11 | ANGEL STEPHEN F (Director) | Discretionary sale | 74.2K | $330.51 | $24.5M |
| 2022-05-03 | Opfermann Andreas (Officer) | Discretionary sale | 186 | $311.55 | $58K |
| 2022-03-08 | Lamba Sanjiv (CEO) | Open-market buy | 3,750 | $268.62 | $1M |
| 2022-02-18 | Fehrenbach Franz (Director) | Open-market buy | 95 | $302.96 | $29K |
| 2022-02-18 | Fehrenbach Franz (Director) | Open-market buy | 280 | $303.02 | $85K |
| 2021-11-02 | Panikar John (Officer) | Discretionary sale | 4,872 | $327.19 | $1.6M |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
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.