APD director granted 141 phantom stock units
Patel Bhavesh V. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Patel Bhavesh V. reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Bhavesh V. Patel received a grant of 141.1685 phantom stock units on June 30, 2026, at a reference price of $271.35 per unit. This award is part of the company’s Deferred Compensation Program for Directors under its Long-Term Incentive Plan and is compensation, not an open-market trade.
Following this grant, Patel holds a total of 1,967.7293 phantom stock units directly. These units are payable in an equivalent number of Air Products common shares at a time elected by the director, generally after board service ends, either in a lump sum or up to ten installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 141.1685 shares
Grant/Award
1 txn
Insider
Patel Bhavesh V.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 141.1685 | $271.35 | $38K |
Holdings After Transaction:
Phantom Stock — 1,967.7293 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: 141.1685 units
Reference price per unit: $271.35 per unit
Total phantom units after grant: 1,967.7293 units
+1 more
4 metrics
Phantom units granted
141.1685 units
Grant of phantom stock units on June 30, 2026
Reference price per unit
$271.35 per unit
Price used for phantom stock grant
Total phantom units after grant
1,967.7293 units
Director’s phantom stock balance following transaction
Underlying common stock
141.1685 shares
Common shares underlying newly granted phantom units
Key Terms
Phantom deferred stock units, Deferred Compensation Program for Directors, Long-Term Incentive Plan, phantom stock
4 terms
Phantom deferred stock units financial
"Phantom deferred stock units (Units) acquired under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors"
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
"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.
phantom stock financial
"These Units are payable in the form of shares of common stock equal in number to the Units"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did APD director Bhavesh V. Patel report in this Form 4?
Bhavesh V. Patel reported receiving 141.1685 phantom stock units as director compensation. These units track Air Products’ common stock value and increase his total phantom holdings to 1,967.7293 units, to be settled in shares after his board service ends.
Is the APD Form 4 for Bhavesh V. Patel a stock purchase or sale?
The filing reports a grant of phantom stock units, not a market purchase or sale. Code “A” indicates a grant or award acquisition under the company’s compensation plans, rather than an open-market buy or sell transaction in Air Products’ common shares.
How many phantom stock units does Bhavesh V. Patel hold after this APD grant?
After receiving 141.1685 additional phantom stock units, Bhavesh V. Patel holds 1,967.7293 units. Each unit is payable in one share of Air Products common stock, generally after his service on the company’s Board of Directors concludes.
When will Bhavesh V. Patel’s APD phantom stock units be paid out?
The phantom stock units are payable in common shares at a time elected by Bhavesh V. Patel, generally after his board service ends. Payment can occur in a single lump sum or in up to ten installments, according to his advance election.
What plan governs the phantom stock units granted to APD director Bhavesh V. Patel?
The phantom stock units were acquired under Air Products’ Deferred Compensation Program for Directors, within its Long-Term Incentive Plan. This structure lets directors defer compensation into units that mirror common stock value and are later settled in actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
