CompBrief BY VELARION

Companies Linde PLC

Linde (LIN): executive pay, fiscal 2025

Free brief. Every figure links to the company’s own filing.

Velarion Intel: free for 3 days, no card →

Email me Linde PLC’s executive pay brief as a PDF

You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

Also free: The Pay Desk, the weekly executive pay briefing.
CEO total pay$21,777,870CEO Sanjiv Lamba · source
Say-on-pay support94.79%Latest vote · source
CEO vs. named peers44th pct.Against its disclosed peer group
CEO pay ratio428:1To the median employee · source

CEO pay, last three years

  • $19,200,255FY2023
  • $20,696,088FY2024
  • $21,777,870FY2025

CEO total pay was $21,777,870 in fiscal 2025, up from $20,696,088 in fiscal 2024.

FY2025: salary $1,575,000 · bonus $0 · stock awards $11,680,804 · option awards $4,938,908

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Linde PLC in fiscal 2025?
As disclosed, Sanjiv Lamba (Chief Executive Officer) was the highest-paid executive at Linde PLC in fiscal 2025, with total compensation of $21,777,870.
How does Linde PLC's chief executive pay compare to its disclosed peer group?
As disclosed, Sanjiv Lamba's total compensation ranked at the 44th percentile of Linde PLC's disclosed peer group.
What is Linde PLC's CEO-to-median employee pay ratio?
As disclosed, Linde PLC's CEO-to-median employee pay ratio was 428:1.
How did shareholders vote on Linde PLC's executive compensation?
As disclosed, 94.79% of shareholders supported Linde PLC's executive compensation in the latest say-on-pay vote.
How much does Linde PLC spend in total on board compensation for fiscal 2025?
As disclosed, Linde PLC reported total board compensation of $3,888,124 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Sanjiv Lamba$1,575,000$0$11,680,804$4,938,908$3,197,250$198,000$187,908$21,777,870
Chief Executive Officer
Matthew White944,75005,007,1082,116,7381,386,326173,00042,2389,670,160
Executive Vice President & Chief Financial Officer
Guillermo Bichara830,25002,960,3041,251,5231,006,429126,00057,4286,231,934
Executive Vice President & Chief Legal Officer
Sean Durbin789,00002,845,9531,203,2351,058,167112,00067,0596,075,414
Chief Operating Officer
David Strauss722,25602,345,152991,517875,310290,00026,9795,251,214
Former Executive Vice President & Chief Human Resources Officer
Benjamin Glazer625,00001,952,919825,214769,99890,000100,4984,363,629
Senior Vice President, Americas

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Sanjiv Lamba$21,777,870$20,696,088$19,200,255↑ +1,081,782
Matthew White9,670,1609,023,1018,292,712↑ +647,059
Guillermo Bichara6,231,9345,856,1535,393,494↑ +375,781
Sean Durbin6,075,4145,491,4657,384,833↑ +583,949
David Strauss5,251,2144,880,252—↑ +370,962
Benjamin Glazer4,363,629———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The HC Committee seeks to achieve its executive compensation objectives by aligning the design of the Company’s executive compensation programs with the Company’s business objectives, ensuring a balance between financial and non-financial goals. The program emphasizes long-term pay to align NEOs' interests with shareholders and rewards delivery of short-term financial and strategic objectives.

CEO STI target (% of salary)175%
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sanjiv LambaPSU2025-03-07—7,955—15,910$5,197,877
Matthew WhitePSU2025-03-07—3,410—6,8201,543,878
Guillermo BicharaPSU2025-03-07—2,016—4,032912,744
Guillermo BicharaPSU2025-03-07—2,016—4,0321,317,275
Sean DurbinRSU2025-03-07——1,551—702,215
Sean DurbinPSU2025-03-07—1,938—3,8761,266,309
Benjamin GlazerOPTION2025-03-07——7,468—825,214
Benjamin GlazerPSU2025-03-07—1,330—2,660869,035
David StraussPSU2025-03-07—1,597—3,194723,042
David StraussPSU2025-03-07—1,597—3,1941,043,496
Matthew WhitePSU2025-03-07—3,410—6,8202,228,128
Guillermo BicharaRSU2025-03-07——1,613—730,286
Benjamin GlazerPSU2025-03-07—1,330—2,660602,158
David StraussRSU2025-03-07——1,278—578,615
Guillermo BicharaOPTION2025-03-07——11,326—1,251,523
Matthew WhiteRSU2025-03-07——2,728—1,235,102
Sanjiv LambaRSU2025-03-07——6,364—2,881,301
Sanjiv LambaPSU2025-03-07—7,955—15,9103,601,626
Matthew WhiteOPTION2025-03-07——19,156—2,116,738
Sean DurbinPSU2025-03-07—1,938—3,876877,430
Benjamin GlazerRSU2025-03-07——1,064—481,726
David StraussOPTION2025-03-07——8,973—991,517
Sanjiv LambaOPTION2025-03-07——44,696—4,938,908
Sean DurbinOPTION2025-03-07——10,889—1,203,235

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sanjiv Lamba$2,881,301$8,799,503$4,938,90852.9%
Matthew White1,235,1023,772,0062,116,73852.9%
Guillermo Bichara730,2862,230,0191,251,52352.9%
Sean Durbin702,2152,143,7391,203,23552.9%
Benjamin Glazer481,7261,471,193825,21453.0%
David Strauss578,6151,766,538991,51752.9%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Benjamin GlazerOption2,109354.14—
David StraussOption2,839354.14—
Benjamin GlazerRSU3,004—1,280,876
Sean DurbinOption3,514354.14—
Guillermo BicharaOption3,695354.14—
David StraussRSU3,803—1,621,561
Benjamin GlazerOption4,227465.29—
Sean DurbinRSU4,631—1,974,612
Guillermo BicharaRSU4,863—2,073,535
David StraussOption5,340465.29—
Matthew WhiteOption6,324354.14—
Sean DurbinOption6,407465.29—
Guillermo BicharaOption6,784465.29—
Benjamin GlazerOption7,468468.77—
Matthew WhiteRSU8,223—3,506,205
Benjamin GlazerPSU8,782—3,744,557
David StraussOption8,973468.77—
Sean DurbinOption10,889468.77—
David StraussPSU11,231—4,788,786
Guillermo BicharaOption11,326468.77—
Matthew WhiteOption11,344465.29—
Sean DurbinPSU13,707—5,844,528
Guillermo BicharaPSU14,399—6,139,590
Sanjiv LambaOption15,455354.14—
Matthew WhiteOption19,156468.77—
Sanjiv LambaRSU19,784—8,435,700
Matthew WhitePSU24,391—10,400,078
Sanjiv LambaOption27,687465.29—
Sanjiv LambaOption44,696468.77—
Sanjiv LambaPSU58,832—25,085,376
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Stephen F. AngelIndependent · Not standing for re-election · Departed during FY$300,000$479,552$0$0$40,000$819,552
Alberto WeisserIndependent · Audit Committee (Chair)194,500217,509000412,009
Dr. Thomas EndersIndependent · Sustainability Committee (Chair)184,500217,509000402,009
Joe KaeserIndependent · Nomination and Governance Committee (Chair)184,500217,509000402,009
Prof. DDr. Ann-Kristin AchleitnerIndependent · Human Capital Committee (Chair)184,500217,509000402,009
Robert L. WoodIndependent · Lead Independent Director · Executive177,000217,509000394,509
Hugh GrantIndependent · Executive134,500217,509000352,009
Dr. Victoria E. OssadnikIndependent · Audit134,500217,509000352,009
Paula Rosput ReynoldsIndependent · Audit · Sustainability134,500217,509000352,009

Board fee structure and ownership guideline

Annual cash retainer$136,000
Annual equity retainer$204,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)60,000 / 50,000 / 50,000
Stock ownership guideline$680,000

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,628,500
Equity awards (grant-date value)$2,219,624
All other compensation$40,000
Total cost of the board$3,888,124

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Linde as a peer

Companies that benchmark against LIN

8 companies name LIN as a compensation peer

Each company listed discloses LIN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LIN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Linde PLC2025Sanjiv Lamba$1,575,000$11,680,804$4,938,908$3,197,250$21,777,870

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-07-28355,847,33519,551,70719,135,83894.79%Passed
20252025-07-29352,025,82921,998,013411,57894.12%Passed
20242024-07-30358,841,68728,061,890898,12892.75%Passed
20232023-07-24374,237,04317,505,109621,85695.53%Passed
20222022-07-25323,455,56862,456,179760,80283.82%Passed
20212021-07-26368,554,60027,153,191463,28993.14%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-07-2894.79%a
20252025-07-2994.12%b
20242024-07-3092.75%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)428 : 1
CEO total compensation$21,777,870
Median employee compensation$50,860
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Robert L. WoodDirector2026-05-14D880$509$447,709CommonForm 4 ↗
Robert L. WoodDirector2026-05-15D4,3355062,195,201CommonForm 4 ↗
Stefanos InnocenziSVP, Linde Engineering2026-06-08D2,0625081,047,290CommonForm 4 ↗
Stefanos InnocenziSVP, Linde Engineering2026-06-08D4,03500Derivative, Class A CommonForm 4 ↗
Stefanos InnocenziSVP, Linde Engineering2026-06-08A4,03500CommonForm 4 ↗
Dividend-equivalent accruals2026-07-01—80——2 insiders, 2 accrual rows
Paula Rosput ReynoldsDirector2026-08-18A10047947,912CommonForm 4 ↗
Dividend-equivalent accruals2026-10-01—91——2 insiders, 2 accrual rows

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 10 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Robert L. WoodDirector2026-05-14D880$509$447,709CommonForm 4 ↗
Robert L. WoodDirector2026-05-15D4,3355062,195,201CommonForm 4 ↗
Stefanos InnocenziSVP, Linde Engineering2026-06-08D2,0625081,047,290CommonForm 4 ↗
Stefanos InnocenziSVP, Linde Engineering2026-06-08D4,03500Derivative, Class A CommonForm 4 ↗
Stefanos InnocenziSVP, Linde Engineering2026-06-08A4,03500CommonForm 4 ↗
Paula Rosput ReynoldsDirector2026-07-01A15.9300Derivative, Class A CommonForm 4 ↗
Hugh GrantDirector2026-07-01A63.7200Derivative, Class A CommonForm 4 ↗
Paula Rosput ReynoldsDirector2026-08-18A10047947,912CommonForm 4 ↗
Hugh GrantDirector2026-10-01A72.4300Derivative, Class A CommonForm 4 ↗
Paula Rosput ReynoldsDirector2026-10-01A18.1100Derivative, Class A CommonForm 4 ↗
Sources (57 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Sanjiv Lamba. DEF 14A, filed 2026-04-29. Section “Executive Compensation Tables” · page 52. As printed: 21,777,870. View filing ↗
  • Section 01, Matthew White. DEF 14A, filed 2026-04-29. Section “Executive Compensation Tables” · page 52. As printed: 9,670,160. View filing ↗
  • Section 01, Guillermo Bichara. DEF 14A, filed 2026-04-29. Section “Executive Compensation Tables” · page 52. As printed: 6,231,934. View filing ↗
  • Section 01, Sean Durbin. DEF 14A, filed 2026-04-29. Section “Executive Compensation Tables” · page 52. As printed: 6,075,414. View filing ↗
  • Section 01, David Strauss. DEF 14A, filed 2026-04-29. Section “Executive Compensation Tables” · page 52. As printed: 5,251,214. View filing ↗
  • Section 01, Benjamin Glazer. DEF 14A, filed 2026-04-29. Section “Executive Compensation Tables” · page 52. As printed: 4,363,629. View filing ↗
  • Section 03, Sanjiv Lamba PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew White PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Guillermo Bichara PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Guillermo Bichara PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sean Durbin RSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sean Durbin PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Benjamin Glazer OPTION. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Benjamin Glazer PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Strauss PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Strauss PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew White PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Guillermo Bichara RSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Benjamin Glazer PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Strauss RSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Guillermo Bichara OPTION. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew White RSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sanjiv Lamba RSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sanjiv Lamba PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew White OPTION. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sean Durbin PSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Benjamin Glazer RSU. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Strauss OPTION. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sanjiv Lamba OPTION. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sean Durbin OPTION. DEF 14A, filed 2026-04-29. Section “Table 2: Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-29. Section “CEO Pay Ratio”. As printed: 428 : 1. View filing ↗
  • Section 08, Stephen F. Angel. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 819,552. View filing ↗
  • Section 08, Alberto Weisser. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 412,009. View filing ↗
  • Section 08, Dr. Thomas Enders. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 402,009. View filing ↗
  • Section 08, Joe Kaeser. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 402,009. View filing ↗
  • Section 08, Prof. DDr. Ann-Kristin Achleitner. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 402,009. View filing ↗
  • Section 08, Robert L. Wood. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 394,509. View filing ↗
  • Section 08, Hugh Grant. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 352,009. View filing ↗
  • Section 08, Dr. Victoria E. Ossadnik. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 352,009. View filing ↗
  • Section 08, Paula Rosput Reynolds. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 352,009. View filing ↗
  • Section 02, Robert L. Wood 2026-05-14. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert L. Wood 2026-05-15. Form 4, filed 2026-05-18. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stefanos Innocenzi 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stefanos Innocenzi 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Stefanos Innocenzi 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Paula Rosput Reynolds 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Hugh Grant 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Paula Rosput Reynolds 2026-08-18. Form 4, filed 2026-08-19. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Hugh Grant 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Paula Rosput Reynolds 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-07-30. Item 5.07 · say-on-pay result. As reported: 94.79% (votes for as printed: 355,847,335). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-08-01. Item 5.07 · say-on-pay result. As reported: 94.12% (votes for as printed: 352,025,829). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-08-02. Item 5.07 · say-on-pay result. As reported: 92.75% (votes for as printed: 358,841,687). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,628,500 + equity 2,219,624 + all other 40,000 = 3,888,124, summed across the director compensation table rows.
  • Linde PLC (subject), Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Linde PLC's own proxy. As printed: 21,777,870. View filing ↗
Get the full report — $500