Air Products (APD) director receives new Phantom Stock award in Form 4 filing
Rhea-AI Filing Summary
REILLEY DENNIS H reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Dennis H. Reilley reported receiving a compensation-related grant of 17.8853 units of Phantom Stock on June 30, 2026. Each unit tracks the value of common stock, using a reference price of $271.35 per unit, and is classified as a derivative security.
Following this award, Reilley directly holds a total of 2,699.1999 Phantom Stock units. According to the company’s director deferred compensation program, these units are payable in shares of common stock equal to the number of units, generally after his Board service ends, either in a lump sum or up to ten installments.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REILLEY DENNIS H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 17.8853 | $271.35 | $5K |
Holdings After Transaction:
Phantom Stock — 2,699.1999 shares (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 Stock units granted: 17.8853 units
Reference price per unit: $271.35 per unit
Total Phantom units after grant: 2,699.1999 units
+2 more
5 metrics
Phantom Stock units granted
17.8853 units
Award date June 30, 2026
Reference price per unit
$271.35 per unit
Phantom Stock grant value basis
Total Phantom units after grant
2,699.1999 units
Holdings following transaction
Underlying common stock shares
17.8853 shares
Shares corresponding to new Phantom units
Maximum installments
up to ten installments
Optional payout structure after Board service
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..."
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
"Deferred Compensation Program 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
"security_title: Phantom Stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did APD director Dennis H. Reilley report in this Form 4?
Dennis H. Reilley reported receiving 17.8853 Phantom Stock units as a compensation award. These units are part of Air Products’ deferred compensation program for directors and track the value of common stock for future share-based settlement.
What is the value reference for the Phantom Stock units granted to APD’s director?
The 17.8853 Phantom Stock units were granted using a reference price of $271.35 per unit. This price reflects the underlying common stock’s value used to determine the notional amount of the deferred compensation award.
How many Phantom Stock units does Dennis H. Reilley hold after this APD transaction?
After the reported transaction, Dennis H. Reilley holds 2,699.1999 Phantom Stock units. This total represents his accumulated deferred stock units under Air Products’ director compensation arrangements, all classified as directly owned derivative securities.
When will APD’s Phantom Stock units be paid to the reporting director?
The Phantom Stock units are generally payable after the director’s service on the Board ends. They are settled in shares of common stock equal to the units, either as a lump sum or in up to ten installments elected in advance.
Are the Phantom Stock units in this APD Form 4 settled in cash or stock?
The Phantom Stock units are payable in shares of common stock equal in number to the units. Settlement occurs at the time elected by the director, typically after Board service concludes, following the Company’s deferred compensation program rules.