Air Products (APD) director reports small stock trades on Form 4

Rhea-AI Filing Summary

Air Products & Chemicals, Inc. (APD) reported a Form 4 filing for a director showing very small open-market trades in company stock. On 04/02/2025, the director’s account purchased 5 shares of APD common stock at $294.96 per share, bringing beneficial ownership to 10 shares. On 04/03/2025, the account sold 5 shares at $283.20 per share, leaving the director with 5 shares owned directly.

The filing notes that these transactions occurred in a discretionary account managed by an independent investment manager without the director’s knowledge. The report states that the filing is late because the director did not become aware of the trades until a later date.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Evans Andrew W

Role Director

Bought 5 shs ($1K)

Sold 5 shs ($1K)

Type	Security	Shares	Price	Value
Sale	Common Stock	5	$283.20	$1K
Purchase	Common Stock	5	$294.96	$1K

Holdings After Transaction: Common Stock — 5 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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^*

Evans Andrew W

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2025

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	04/02/2025		P(1)		5	A	$294.96	10	D
Common Stock	04/03/2025		S(1)		5	D	$283.2	5	D

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:

1. The transactions reported were executed in a discretionary account managed by an independent investment manager without the reporting person's knowledge. The reporting of these transactions was untimely because the reporting person did not become aware of the transactions until a later date.

	Andrea I. Rennig as Attorney in Fact	11/21/2025
	** 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.

FAQ

What did the APD Form 4 filed by the director report?

The Form 4 for Air Products & Chemicals, Inc. (APD) reported small trades in APD common stock made for a director’s account, including a purchase of 5 shares and a sale of 5 shares on consecutive days.

How many APD shares did the director buy and at what price?

On 04/02/2025, the director’s account bought 5 shares of APD common stock at a price of $294.96 per share.

How many APD shares did the director sell and at what price?

On 04/03/2025, the director’s account sold 5 shares of APD common stock at a price of $283.20 per share.

How many APD shares does the director own after these transactions?

Following the reported transactions, the director beneficially owns 5 shares of APD common stock in direct ownership.

Why does the APD Form 4 mention untimely reporting?

The explanation states that the trades occurred in a discretionary account managed by an independent investment manager, and the director did not know about the transactions until later, which caused the report to be filed late.

Was the director directly managing the APD stock trades?

No. The Form 4 notes that the transactions were executed in a discretionary account managed by an independent investment manager, without the reporting person’s knowledge at the time of the trades.