Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Linde plc shares trade on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “LIN”. At December 31, 2025 there were 5,729 shareholders of record.
Purchases of Equity Securities – Certain information rega rding purchases made by or on behalf of the company or any affiliated purchaser (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended) of its ordinary shares during the three months ended December 31, 2025 is provided below:
Period Total
Number of
Shares
Purchased
(Thousands)
Average
Price Paid
Per Share Total Number of Shares Purchased as Part of Publicly Announced Programs (1) (Thousands)
Approximate Dollar Value of Shares that May Yet be Purchased Under the Programs (2) (Millions)
October 2025 872 $ 449.30 872 $ 8,310
November 2025 1,045 $ 416.69 1,045 $ 7,874
December 2025 1,390 $ 412.33 1,390 $ 7,301
Fourth Quarter 2025 3,307 $ 423.46 3,307 $ 7,301
(1) On October 23, 2023, the company's board of directors approved the repurchase of $15 billion of its ordinary shares ("2023 program") which could take place from time to time on the open market (and could include the use of 10b5-1 trading plans), subject to market and business conditions. The 2023 program began on October 23, 2023 and will terminate on the earlier of the date as the maximum authority under the 2023 program is reached or the board terminates the 2023 program.
(2) As of December 31, 2025, the company repurchased $7.7 billion of its ordinary shares pursuant to the 2023 program. As of December 31, 2025, $7.3 billion of share repurchases remain authorized under the 2023 program.
Peer Performance Table – The graph below compares the most recent five-year cumulative returns of Linde's ordinary shares with those of the Standard & Poor’s 500 Index ("SPX") and the S5 Materials Index ("S5MATR") which covers 26 companies, including Linde. The figures assume an initial investment of $100 on December 31, 2020 and that all dividends have been reinvested.
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2020 2021 2022 2023 2024 2025
LIN $100 $133 $128 $163 $168 $173
SPX $100 $129 $105 $133 $166 $196
S5MATR $100 $127 $112 $126 $126 $139
ITEM 6. RESERVED
Not applicable.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.