Air Products (NYSE: APD) director receives additional phantom stock compensation units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Air Products & Chemicals director Andrew W. Evans received a small phantom stock award under the company’s director compensation program. He acquired 8.2687 phantom stock units linked to common stock at an indicated value of $271.35 per unit, bringing his total phantom stock holdings to 1,247.8813 units. These units are deferred compensation, payable in shares of common stock after his Board service ends, either in a lump sum or up to ten installments as previously elected.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Evans Andrew W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 8.269 | $271.35 | $2K |
Holdings After Transaction:
Phantom Stock — 1,247.881 shares (Direct)
Footnotes (1)
- 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. Not applicable to this security 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: 8.2687 units
Reference price per unit: $271.35 per unit
Total phantom units after grant: 1,247.8813 units
+1 more
4 metrics
Phantom stock units granted
8.2687 units
Phantom stock grant on June 30, 2026
Reference price per unit
$271.35 per unit
Value used for phantom stock grant
Total phantom units after grant
1,247.8813 units
Holdings following reported transaction
Underlying security
8.2687 common shares
Underlying common stock per phantom grant
Key Terms
Phantom Stock, Deferred Compensation Program for Directors, Long-Term Incentive Plan, Phantom deferred stock units, +1 more
5 terms
Phantom Stock financial
"Phantom deferred stock units (Units) acquired under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors"
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
"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.
installments financial
"Units may be paid in a lump sum or up to ten installments as elected"
Installments are a series of scheduled partial payments that together cover a larger amount owed or due, like paying for a purchase or loan in weekly or monthly pieces rather than all at once. For investors, installments matter because they change when cash moves between parties, affect a company’s or counterparty’s short-term cash flow and risk of missed payments, and can influence valuation or perceived financial stability much like spreading the cost of a car over monthly payments.
FAQ
What did APD director Andrew W. Evans report in this Form 4 filing?
Andrew W. Evans reported receiving 8.2687 phantom stock units as deferred compensation. These units were credited under Air Products’ Deferred Compensation Program for Directors and are tied to the company’s common stock value for future payout after his Board service ends.
Is the Andrew W. Evans Form 4 transaction for APD a stock purchase or sale?
The transaction is an acquisition of phantom stock units as compensation, not an open-market stock purchase or sale. It reflects a grant under a company plan, so it does not represent Evans buying or selling Air Products & Chemicals common shares.
How many phantom stock units does Andrew W. Evans hold after this APD Form 4?
After the reported grant, Andrew W. Evans holds a total of 1,247.8813 phantom stock units. These units track the value of Air Products & Chemicals common stock and will be settled in shares at a later date, following his elected payout schedule.
What is the value reference for the phantom stock units in this APD Form 4?
Each phantom stock unit in this grant uses $271.35 per unit as the indicated value. This figure reflects the reference price applied when 8.2687 units were credited, but the actual payout will depend on the company’s common stock at the time of distribution.