Director at Air Products (NYSE: APD) gets phantom stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Air Products & Chemicals director Jessica Graziano reported a compensation-related grant of phantom deferred stock units tied to company common stock. She acquired 173.7569 phantom stock units at a reference value of $271.35 per unit, bringing her total phantom stock holdings to 3,432.8282 units.
These phantom units were granted under the Air Products Stock Account of the Deferred Compensation Program for Directors, within the company’s Long-Term Incentive Plan. According to the terms, the units will be settled in shares of common stock equal to the number of units, generally after her service on the board ends, either in a lump sum or in up to ten installments as she previously elected.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Graziano Jessica
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 173.757 | $271.35 | $47K |
Holdings After Transaction:
Phantom Stock — 3,432.828 shares (Direct, null)
Footnotes (1)
- 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. Not applicable to this security 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 stock units granted: 173.7569 units
Reference price per unit: $271.35 per unit
Total phantom units after grant: 3,432.8282 units
+2 more
5 metrics
Phantom stock units granted
173.7569 units
Grant under Deferred Compensation Program for Directors
Reference price per unit
$271.35 per unit
Grant of phantom stock units
Total phantom units after grant
3,432.8282 units
Director’s phantom stock holdings following transaction
Underlying common shares for grant
173.7569 shares
Common stock equal in number to phantom units
Conversion/exercise price
$0.00
Phantom units payable in shares, no exercise price
Key Terms
Phantom Stock, Deferred Compensation Program for Directors, Long-Term Incentive Plan, Units
4 terms
Phantom Stock financial
"Phantom deferred stock units (Units) acquired under the Air Products Stock Account"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
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
"for Directors, 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.
Units financial
"These Units are payable in the form of shares of common stock equal in number to the Units"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
FAQ
What did APD director Jessica Graziano report in this Form 4 filing?
Jessica Graziano reported a grant of phantom stock units. She received 173.7569 phantom stock units tied to Air Products & Chemicals common stock as part of the director compensation program, increasing her total phantom stock holdings to 3,432.8282 units.
Is the Jessica Graziano APD Form 4 a stock buy or sell?
The Form 4 reflects an acquisition as a compensation award, not a trade. The transaction is coded "A" for grant or award and involves phantom stock units, not an open-market purchase or sale of common shares.
How many phantom stock units did APD grant to director Jessica Graziano?
She was granted 173.7569 phantom stock units. These units reference a value of $271.35 per unit and are part of Air Products & Chemicals’ Deferred Compensation Program for Directors and Long-Term Incentive Plan.
What is Jessica Graziano’s total phantom stock position after this APD grant?
After the grant, she holds 3,432.8282 phantom stock units. This total reflects accumulated units in the director deferred compensation program, each ultimately payable in an equivalent number of Air Products & Chemicals common shares.
When will APD phantom stock units for Jessica Graziano be paid out?
The phantom stock units are generally paid after board service ends. They will be settled in shares of common stock, either in a single lump sum or in up to ten installments, according to her pre-set election.
How are APD phantom stock units under the director deferred compensation program settled?
The units are payable in shares of common stock. Each phantom stock unit converts into one share of Air Products & Chemicals common stock at the elected payout time, based on terms in the Deferred Compensation Program for Directors.