Director Wayne Thomas Smith gains 1,698 phantom units at Air Products (APD)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Air Products & Chemicals director Wayne Thomas Smith reported an acquisition of phantom stock units tied to the company’s common shares. On 01/28/2026 he acquired 1,698.055 phantom stock units at a reference price of $259.12 per unit under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan.
Each unit is payable in shares of common stock equal in number to the units, generally after his service on the Board ends. Following this transaction, he beneficially owns 5,151.5056 phantom stock units in a direct capacity, which may be paid in a lump sum or up to ten installments, as elected in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Wayne Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,698.055 | $259.12 | $440K |
Holdings After Transaction:
Phantom Stock — 5,151.506 shares (Direct)
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.
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FAQ
What insider transaction did APD director Wayne Thomas Smith report?
Wayne Thomas Smith reported acquiring 1,698.055 phantom stock units linked to Air Products & Chemicals common stock. The units were credited on 01/28/2026 under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan, increasing his total phantom unit holdings to 5,151.5056.
What are the terms of the phantom stock units reported at APD?
The phantom deferred stock units represent a right to receive Air Products & Chemicals common shares on a 1:1 basis. They are credited under a director deferred compensation program and are generally paid after Board service ends, either in a lump sum or up to ten pre-elected installments.
At what price were the APD phantom stock units credited to Wayne Thomas Smith?
The 1,698.055 phantom stock units were credited at a reference price of $259.12 per unit. This price is used for accounting the deferred compensation under Air Products & Chemicals’ director program and does not represent a cash purchase on the open market.
How many APD phantom stock units does Wayne Thomas Smith hold after this transaction?
After the 01/28/2026 credit of 1,698.055 phantom stock units, Wayne Thomas Smith beneficially owns 5,151.5056 phantom stock units. These are held directly and are payable in an equivalent number of common shares, generally following the end of his Board service.
When will the APD phantom stock units be paid to Wayne Thomas Smith?
The phantom stock units are generally payable after Wayne Thomas Smith’s service on Air Products & Chemicals’ Board of Directors ends. According to the plan, he may elect payment in a single lump sum or in up to ten separate installments, chosen in advance.
Does this APD Form 4 reflect a cash purchase of common stock by Wayne Thomas Smith?
No, the Form 4 reflects an acquisition of phantom deferred stock units, not a cash purchase of common shares. The units were credited under a deferred compensation and long-term incentive plan and will be settled later in common stock rather than being acquired in the market.