Air Products (NYSE: APD) director receives 101 phantom stock units as compensation
Rhea-AI Filing Summary
Stern Alfred reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals director Alfred Stern received a grant of 101.2986 phantom stock units as compensation. These units were credited under the company’s Deferred Compensation Program for Directors within its Long-Term Incentive Plan, not via an open-market purchase or sale.
The phantom units track the value of common stock and are payable in shares of common stock equal to the number of units, generally after his board service ends. Payment can be taken in a lump sum or in up to ten installments, as previously elected. Following this grant, Stern holds a total of 1,751.7749 phantom stock units.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stern Alfred
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 101.2986 | $271.35 | $27K |
Holdings After Transaction:
Phantom Stock — 1,751.7749 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 units granted: 101.2986 units
Reference price per unit: $271.35 per unit
Total phantom units after grant: 1,751.7749 units
+3 more
6 metrics
Phantom units granted
101.2986 units
Grant of phantom stock on June 30, 2026
Reference price per unit
$271.35 per unit
Price field associated with phantom stock grant
Total phantom units after grant
1,751.7749 units
Director holdings following the reported transaction
Underlying common stock
101.2986 shares
Common stock equal to units deliverable at payout
Transaction code
A (Grant, award, or other acquisition)
SEC Form 4 transaction classification
Exercise price
$0.00
Conversion/exercise price for phantom stock units
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 by the reporting person in advance"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Alfred Stern report in his latest Form 4 for APD?
Alfred Stern reported receiving 101.2986 phantom stock units as a compensation award. These were granted under Air Products & Chemicals’ Deferred Compensation Program for Directors and are tied to the value of the company’s common stock, rather than being an open-market stock purchase or sale.
Is Alfred Stern’s Form 4 transaction in APD stock a market buy or sell?
The Form 4 does not show a market buy or sell of APD shares. It reports a grant of phantom deferred stock units as director compensation, which are bookkeeping entries that mirror the value of common stock and will be settled in shares at a later date.
How many phantom stock units does Alfred Stern hold after this APD award?
After this award, Alfred Stern holds 1,751.7749 phantom stock units. The June 30, 2026 grant added 101.2986 units to his existing balance, reflecting additional deferred compensation linked to Air Products & Chemicals’ common stock performance over time.
When will Alfred Stern’s APD phantom stock units be paid out?
The phantom stock units are generally payable after Alfred Stern’s service on the board ends. They convert into shares of Air Products & Chemicals common stock, either in a lump sum or up to ten installments, based on his advance payment election under the program.
What are phantom deferred stock units in the APD director plan?
Phantom deferred stock units are bookkeeping units that track APD’s common stock value and are granted as director compensation. Under the Deferred Compensation Program for Directors, these units are later settled in an equivalent number of common shares instead of immediate cash or stock delivery.