APD director granted 93.589 phantom stock units
Air Products & Chemicals, Inc. director Alfred Stern acquired 93.589 shares of phantom stock on March 31, 2026 as a grant under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan.
Rhea-AI Filing Summary
Air Products & Chemicals, Inc. director Alfred Stern acquired 93.589 shares of phantom stock on March 31, 2026 as a grant under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan. After this award, he holds a total of 1,650.4763 phantom stock units.
These phantom deferred stock units are payable in shares of common stock equal to the number of units, at a time elected by Stern, generally after his service on the Board ends. The units may be settled in a lump sum or in up to ten installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 93.589 shares
Grant/Award
1 txn
Insider
Stern Alfred
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 93.589 | $291.56 | $27K |
Holdings After Transaction:
Phantom Stock — 1,650.4763 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 stock units granted: 93.5890 units
Reference price per unit: $291.5600 per unit
Total phantom units after grant: 1,650.4763 units
+2 more
5 metrics
Phantom stock units granted
93.5890 units
Grant on March 31, 2026
Reference price per unit
$291.5600 per unit
Transaction price for phantom stock grant
Total phantom units after grant
1,650.4763 units
Holdings following March 31, 2026 transaction
Conversion price
$0.0000
Conversion/exercise price for phantom stock units
Underlying common shares
93.5890 shares
Common stock equal to phantom units in this grant
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
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Alfred Stern report for APD on March 31, 2026?
Alfred Stern, a director of Air Products & Chemicals (APD), reported acquiring 93.589 phantom stock units on March 31, 2026. This grant was made under the company’s Deferred Compensation Program for Directors within its Long-Term Incentive Plan and increases his deferred equity-based holdings.
How many phantom stock units does Alfred Stern hold in APD after this Form 4?
Following the March 31, 2026 grant, Alfred Stern holds a total of 1,650.4763 phantom stock units tied to Air Products & Chemicals (APD). These units represent deferred equity-based compensation that will eventually be settled in shares of common stock according to his elected payout schedule.
What are phantom deferred stock units in the APD director compensation plan?
Phantom deferred stock units for Air Products & Chemicals (APD) directors are bookkeeping units acquired under the company’s Deferred Compensation Program for Directors. They track the value of common stock and are ultimately payable in shares equal to the number of units when the director’s service on the Board ends.
What price per unit is referenced for Alfred Stern’s APD phantom stock grant?
The Form 4 references a price of $291.56 per phantom stock unit for Alfred Stern’s March 31, 2026 grant at Air Products & Chemicals (APD). This figure is used as the transaction price per unit for reporting purposes in the derivatives section of the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
