Air Products director granted phantom stock units
Air Products & Chemicals director Wayne Thomas Smith received a grant of 34.5733 phantom stock units tied to common shares.
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Form Type
4
Rhea-AI Filing Summary
Air Products & Chemicals director Wayne Thomas Smith received a grant of 34.5733 phantom stock units tied to common shares. The units were valued at $271.35 per unit and increase his total phantom stock holdings to 5,217.706 units.
The phantom deferred stock units were acquired under the Air Products Stock Account of the company’s Deferred Compensation Program for Directors, within the Long-Term Incentive Plan. These units will be settled in shares of common stock, generally after his board service ends, in either a lump sum or up to ten installments.
Insider Trade Summary
Grant/Award: 34.5733 shares
Grant/Award
1 txn
Insider
Smith Wayne Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 34.5733 | $271.35 | $9K |
Holdings After Transaction:
Phantom Stock — 5,217.706 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: 34.5733 units
Grant reference price: $271.35 per unit
Total phantom units after grant: 5,217.706 units
+1 more
4 metrics
Phantom units granted
34.5733 units
Phantom deferred stock units granted on 2026-06-30
Grant reference price
$271.35 per unit
Value per phantom stock unit at grant
Total phantom units after grant
5,217.706 units
Holdings following the reported transaction
Underlying common stock linkage
1 share per unit
Each unit payable in one common share
Key Terms
Phantom Stock, Deferred Compensation Program for Directors, Long-Term Incentive Plan, phantom deferred stock units
4 terms
Phantom Stock financial
"Phantom deferred stock units (Units) acquired under the Air Products Stock Account"
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.
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 deferred stock units financial
"These Units are payable in the form of shares of common stock equal in number to the Units"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did APD director Wayne Thomas Smith report in this Form 4?
Wayne Thomas Smith reported receiving 34.5733 phantom deferred stock units linked to Air Products & Chemicals common stock. The grant was made under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan as part of his director compensation.
Is Wayne Thomas Smith’s APD Form 4 transaction an open-market stock purchase or sale?
The Form 4 shows a grant of phantom deferred stock units, not an open-market trade. The units were awarded as compensation under a deferred compensation and incentive plan, with no separate open-market buying or selling of common shares disclosed in this filing.
How many phantom stock units does Wayne Thomas Smith hold after this APD grant?
After receiving 34.5733 new units, Wayne Thomas Smith holds a total of 5,217.706 phantom stock units. Each unit is tied to one share of Air Products & Chemicals common stock and will be paid out in shares at a future date he elected.
At what value were Wayne Thomas Smith’s new APD phantom stock units recorded?
The 34.5733 phantom stock units were recorded at $271.35 per unit. This value reflects the reference price used for the grant under the company’s compensation and incentive programs, which link director compensation to the company’s common stock performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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