secwatch.observer — SEC 8-K summary
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Issuer:     LINDE PLC (LIN)
CIK:        0001707925
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001654954-24-015100
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Linde EVP John Panikar retires; gets $525K severance plus up to $665K bonus
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- John Panikar, former EVP-APAC, retired as executive officer Nov 1, 2024, will serve non-exec role through March 31, 2025.
- He earns $700K annual salary during transition and remains eligible for 2024 performance bonus.
- Severance: $525K in 18 semi-monthly installments of $29,166.67 plus a lump sum of $235,658.
- Additional severance: $665K (2025 target bonus) times actual 2025 performance factor, paid by March 15, 2026.
- Restrictive covenants reaffirmed: confidentiality, two-year non-solicitation (employees/customers) and non-compete.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707925/000165495424015100/0001654954-24-015100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707925/000165495424015100/linde_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-015100

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer