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Materials & Chemicals

Linde Executive Compensation (FY25)

LIN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Sanjiv Lamba
Median of the other named officers
$6,075,414
5 officers, excluding the chief executive
Latest say-on-pay support
=
July 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 1, 2026Latest filing (8-K): July 30, 2026
11 filings cited on this page
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370 figures on this page: 362 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on Linde

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Sanjiv Lamba: $20,696,088 → $21,777,870 (5.2% higher)
Say-on-pay support: 94.1% → 94.8% (0.7 points higher)
CEO pay ratio: 391:1 → 428:1 (9.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Linde's chief executive and what were they paid?
Total compensation for Sanjiv Lamba, Chief Executive Officer, came to $21,777,870 in fiscal 2025. Lamba's total was 5.2% higher than the $20,696,088 reported for fiscal 2024.
What was Linde's say-on-pay result?
The say-on-pay proposal drew 94.8% of votes cast for or against in favor at the meeting held July 28, 2026 for fiscal 2025.
Which companies are in Linde's peer group?
The disclosed peer group names Abbott, AbbVie, Caterpillar, Coca-Cola and Cummins, among others.
What is Linde's chief executive pay ratio?
The company reported a chief executive pay ratio of 428:1 for fiscal 2025, against median employee compensation of $50,860.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sanjiv Lamba
Chief Executive Officer
◇—◇◇◇◇◇◇
Matthew White
Executive Vice President & Chief Financial Officer
◇—◇◇◇◇◇◇
Sean Durbin
Executive Vice President, North America
◇—◇◇◇◇◇◇
John Panikar
Executive Vice President, APAC
◇—◇◇◇—◇◇
Guillermo Bichara
Executive Vice President & Chief Legal Officer
◇—◇◇◇◇◇◇
Stephen Angel
Former Chief Executive Officer (8)
Departed during or after this year
◇—————◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sanjiv Lamba
Chief Executive Officer
◇—◇◇◇◇◇◇
Matthew White
Executive Vice President & Chief Financial Officer
◇—◇◇◇◇◇◇
Sean Durbin
Executive Vice President, EMEA
◇—◇◇◇◇◇◇
John Panikar
Executive Vice President, APAC
◇—◇◇◇◇◇◇
Guillermo Bichara
Executive Vice President & Chief Legal Officer
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sanjiv Lamba
Chief Executive Officer
◇—◇◇◇◇◇◇
Matthew White
Executive Vice President & Chief Financial Officer
◇—◇◇◇◇◇◇
Guillermo Bichara
Executive Vice President & Chief Legal Officer
◇—◇◇◇◇◇◇
Sean Durbin
Executive Vice President, EMEA
◇—◇◇◇◇◇◇
David Strauss
Former Executive Vice President & Chief Human Resources Officer
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sanjiv Lamba
Chief Executive Officer
◇—◇◇◇◇◇◇
Matthew White
Executive Vice President & Chief Financial Officer
◇—◇◇◇◇◇◇
Guillermo Bichara
Executive Vice President & Chief Legal Officer
◇—◇◇◇◇◇◇
Sean Durbin
Chief Operating Officer
◇—◇◇◇◇◇◇
David Strauss
Former Executive Vice President & Chief Human Resources Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Benjamin Glazer
Senior Vice President, Americas
◇—◇◇◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin GlazerOPTION◇——◇—◇◇
Benjamin GlazerPSU◇—◇—◇—◇
Benjamin GlazerPSU◇—◇—◇—◇
Benjamin GlazerRSU◇——◇——◇
David StraussPSU◇—◇—◇—◇
David StraussPSU◇—◇—◇—◇
David StraussRSU◇——◇——◇
David StraussOPTION◇——◇—◇◇
Guillermo BicharaPSU◇—◇—◇—◇
Guillermo BicharaPSU◇—◇—◇—◇
Guillermo BicharaRSU◇——◇——◇
Guillermo BicharaOPTION◇——◇—◇◇
Matthew WhitePSU◇—◇—◇—◇
Matthew WhitePSU◇—◇—◇—◇
Matthew WhiteRSU◇——◇——◇
Matthew WhiteOPTION◇——◇—◇◇
Sanjiv LambaPSU◇—◇—◇—◇
Sanjiv LambaRSU◇——◇——◇
Sanjiv LambaPSU◇—◇—◇—◇
Sanjiv LambaOPTION◇——◇—◇◇
Sean DurbinRSU◇——◇——◇
Sean DurbinPSU◇—◇—◇—◇
Sean DurbinPSU◇—◇—◇—◇
Sean DurbinOPTION◇——◇—◇◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Sanjiv LambaPSU◇◇——
Option◇—◇March 7, 2035
Option◇—◇March 7, 2034
RSU◇◇——
Option◇—◇March 7, 2033
Matthew WhitePSU◇◇——
Option◇—◇March 7, 2035
Option◇—◇March 7, 2034
RSU◇◇——
Option◇—◇March 7, 2033
Guillermo BicharaPSU◇◇——
Option◇—◇March 7, 2035
Option◇—◇March 7, 2034
RSU◇◇——
Option◇—◇March 7, 2033
Sean DurbinPSU◇◇——
Option◇—◇March 7, 2035
Option◇—◇March 7, 2034
RSU◇◇——
Option◇—◇March 7, 2033
David StraussPSU◇◇——
Option◇—◇March 7, 2035
Option◇—◇March 7, 2034
RSU◇◇——
Option◇—◇March 7, 2033
Benjamin GlazerPSU◇◇——
Option◇—◇March 7, 2035
Option◇—◇March 7, 2034
RSU◇◇——
Option◇—◇March 7, 2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen F. Angel
◇◇———◇◇
Alberto Weisser
◇◇————◇
Dr. Thomas Enders
◇◇————◇
Prof. DDr. Ann-Kristin Achleitner
◇◇————◇
Joe Kaeser
◇◇————◇
Robert L. Wood
Lead independent director
◇◇————◇
Paula Rosput Reynolds
◇◇————◇
Dr. Victoria E. Ossadnik
◇◇————◇
Hugh Grant
◇◇————◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • Abbott ABT
  • AbbVie ABBV
  • Caterpillar CAT
  • Coca-Cola KO
  • Cummins CMI
  • Danaher DHR
  • Deere DE
  • Eaton ETN
  • Gilead Sciences GILD
  • Halliburton Company HAL
  • InBev BUD
  • Medtronic MDT
  • Merck & Co. MRK
  • Micron Technology MU
  • PPG Industries PPG
  • Raytheon Technologies RTX
  • Roche symbol not shown
  • SAP SAP
  • Sherwin-Williams SHW

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025July 28, 2026=◇◇◇
2024July 29, 2025=◇◇◇
2023July 30, 2024=◇◇◇
2022July 24, 2023=◇◇◇
2021July 25, 2022=◇◇◇
2020July 26, 2021=◇◇◇
2019July 27, 2020=◇◇◇
2018July 26, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Sanjiv Lamba (Chief Executive Officer), FY2025 total compensation $21,777,870 (base salary $1,575,000) [exec_comp, SEC accession 0001193125-26-192209, filed 2026-04-29]

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What this page does not include

Everything above is a fact Linde disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Linde sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
370 figures on this page: 362 cited to the filing that reported them, 8 calculated from figures it prints.
362 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-26-325127
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-192209
    CEO Pay Ratio · Director Compensation · Executive Compensation Tables · Table 2: Grants of Plan-Based Awards · and 1 more section
  3. 0001654954-25-008819
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001654954-24-009898
    ITEM 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-24-121902
    Summary Compensation Table
  6. 0001654954-23-009793
  7. 0001193125-23-130296
    Executive Compensation Tables
  8. 0001654954-22-010261
  9. 0001654954-21-008282
  10. 0001654954-20-008255
  11. 0001654954-19-008632
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Linde executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LIN (accessed 2026).
Short form: data: Velarion

The paid brief for Linde

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
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Materials & Chemicals rankings

Chief executive pay — Materials & ChemicalsCEO pay ratio — Materials & ChemicalsSay-on-pay support — Materials & Chemicals

Peers Linde discloses

The companies named in LIN's own disclosed peer group.

AbbottAbbVieCaterpillarCoca-ColaCumminsDanaherDeereEatonGilead SciencesHalliburton CompanyMedtronicMerck & Co.Micron TechnologyPPG IndustriesRaytheon TechnologiesSherwin-Williams

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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