APD director granted 5.9 phantom stock units
Ungerleider Howard I reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Ungerleider Howard I reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Howard I. Ungerleider received a grant of 5.9119 phantom deferred stock units tied to the company’s common stock, based on a reference price of $291.56 per share. This award, made under the Air Products Stock Account of the Deferred Compensation Program for Directors and the Long-Term Incentive Plan, increases his holdings to 968.8515 units. These units will be settled in an equal number of common shares after his Board service ends, either in a lump sum or up to ten installments, according to his prior election.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 5.9119 shares
Grant/Award
1 txn
Insider
Ungerleider Howard I
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5.9119 | $291.56 | $2K |
Holdings After Transaction:
Phantom Stock — 968.8515 contracts (Direct)
Footnotes (3)
- F1. Phantom deferred stock units (Units) acquired under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors, under the Company's Long-Term Incentive Plan.
- F2. Not applicable to this security
- F3. These Units are payable in the form of shares of common stock equal in number to the Units, at the time elected by the reporting person, which is generally after service on the Company's Board of Directors ends. Units may be paid in a lump sum or up to ten installments as elected by the reporting person in advance.
Key Figures
Phantom units granted: 5.9119 units
Reference price: $291.56 per share
Total phantom units after grant: 968.8515 units
+1 more
4 metrics
Phantom units granted
5.9119 units
Phantom deferred stock units granted on March 31, 2026
Reference price
$291.56 per share
Price used to determine units granted
Total phantom units after grant
968.8515 units
Director’s holdings following the reported transaction
Underlying security
5.9119 common shares
Shares tied to the new phantom units
Key Terms
Phantom deferred stock units, Deferred Compensation Program for Directors, Long-Term Incentive Plan, installments
4 terms
Phantom deferred stock units financial
"Phantom deferred stock units (Units) acquired under the Air Products Stock Account"
Phantom deferred stock units are promises by a company to pay the cash value (or sometimes actual shares) tied to its stock at a future date rather than issuing real shares now; think of them as an IOU that tracks the company’s share price. They matter to investors because they create a future cash or accounting cost for the company without diluting existing ownership immediately, affecting reported profits and future cash flow when the promises become payable.
Deferred Compensation Program for Directors financial
"acquired under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors"
Long-Term Incentive Plan financial
"under the Company's Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
installments financial
"Units may be paid in a lump sum or up to ten installments"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did APD director Howard Ungerleider report on this Form 4?
Howard I. Ungerleider reported receiving 5.9119 phantom deferred stock units tied to Air Products & Chemicals common stock. The award was classified as a grant or other acquisition under the company’s director Deferred Compensation Program and Long-Term Incentive Plan.
How many phantom stock units does APD director Howard Ungerleider hold after this grant?
After this transaction, Howard I. Ungerleider holds a total of 968.8515 phantom deferred stock units. Each unit represents a right to receive one share of Air Products & Chemicals common stock when the units are ultimately paid out.
How and when are APD’s phantom deferred stock units paid to directors?
The phantom deferred stock units are payable in shares of Air Products & Chemicals common stock equal to the number of units. Payment occurs at the time elected by the director, generally after Board service ends, in either a lump sum or up to ten installments.
What reference price was used for Howard Ungerleider’s APD phantom stock grant?
The grant of 5.9119 phantom deferred stock units to Howard I. Ungerleider used a reference price of $291.56 per share. This value reflects the price applied in calculating the number of units credited under the director compensation program.
Is Howard Ungerleider’s APD Form 4 transaction an open-market stock purchase or sale?
No, the Form 4 reflects a grant of phantom deferred stock units, not an open-market trade. The transaction is coded as an acquisition related to compensation and is part of Air Products & Chemicals’ Deferred Compensation Program for Directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
