APD EVP Sells 1,359 Shares at $292.38 – Insider Form 4 Filing

Air Products & Chemicals, Inc. (APD) – Form 4 insider transaction: Executive Vice President & Chief HR Officer Victoria Brifo reported an open-market sale (Code “S”) of 1,359 common shares on 08/05/2025 at $292.38 per share.

Rhea-AI Filing Summary

Air Products & Chemicals, Inc. (APD) – Form 4 insider transaction: Executive Vice President & Chief HR Officer Victoria Brifo reported an open-market sale (Code “S”) of 1,359 common shares on 08/05/2025 at $292.38 per share. After the sale, Brifo directly owns 8,686 shares and indirectly holds 84 shares through the company’s Retirement Savings Plan (RSP). No derivative security transactions were reported. The filing is made solely by the individual insider and does not amend prior reports.

Positive

• Executive retains 8,686 direct shares, suggesting continued investment in APD.

Negative

• Insider sale of 1,359 shares at $292.38 may be perceived as a cautious signal to the market.
• No 10b5-1 plan disclosure could heighten speculative interpretations of insider sentiment.

Insights

Equity Analyst

TL;DR: EVP sold 1,359 APD shares; moderate size, mildly negative signal.

The transaction equates to roughly 13% of Brifo’s direct holdings but leaves a sizable residual stake, implying continued alignment with shareholders. The sale follows routine executive diversification patterns rather than option exercises, and no 10b5-1 plan is noted. Given APD’s average daily volume, the trade is immaterial to liquidity but can be interpreted as a modestly bearish sentiment indicator if viewed in isolation. Overall, limited impact on valuation fundamentals.

Insider Trade Summary

Net Seller: 1,359 shares

Net Sell 2 txns

Insider Brifo Victoria

Role Exec VP, Chief HR Officer

Sold 1,359 shs ($397K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,359	$292.38	$397K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,686 shares (Direct); Common Stock — 84 shares (Indirect, By RSP)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many APD shares did EVP Victoria Brifo sell?

She sold 1,359 common shares.

At what price were the APD shares sold?

The shares were sold at $292.38 per share.

How many APD shares does the executive still own?

After the sale, Brifo owns 8,686 shares directly and 84 shares indirectly through the RSP.

What was the reported transaction date for the APD Form 4 filing?

The transaction occurred on 08/05/2025.

Did the filing disclose any derivative security activity?

No; Table II shows no derivative securities acquired or disposed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/06/2025 - 11:23 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brifo Victoria

(Last) (First) (Middle)

1940 AIR PRODUCTS BLVD.

(Street)

ALLENTOWN PA 18106-5500

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Air Products & Chemicals, Inc. [ APD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec VP, Chief HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/05/2025		S		1,359	D	$292.38	8,686	D
Common Stock								84	I	By RSP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Andrea I. Rennig as Attorney in Fact	08/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.