Every Form 4 that Air Prods & Chems Inc (APD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow APD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full APD filings page.
Air Products & Chemicals, Inc. (APD) insider Matthew Lepore, EVP & General Counsel, reported a Form 4 for August 18, 2026. He had 418 shares of common stock withheld or delivered at $303.62 per share for payment of exercise price or tax liability, leaving 5,160 shares held directly and 28.94 shares held indirectly through an arrangement noted as "By RSP." No Rule 10b5-1 trading plan is reported.
Air Products & Chemicals director Howard I. Ungerleider received a grant of phantom stock units under the company’s deferred compensation program for directors. On this date, he acquired 6.4626 phantom stock units, credited at a reference price of $271.35 per unit.
Following this award, Ungerleider now holds a total of 975.3141 phantom stock units. These units are designed to mirror the value of common stock and are payable in shares of common stock, generally after his service on the Board ends, either in a lump sum or up to ten installments, as previously elected.
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.
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.
REILLEY DENNIS H reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Dennis H. Reilley reported receiving a compensation-related grant of 17.8853 units of Phantom Stock on June 30, 2026. Each unit tracks the value of common stock, using a reference price of $271.35 per unit, and is classified as a derivative security.
Following this award, Reilley directly holds a total of 2,699.1999 Phantom Stock units. According to the company’s director deferred compensation program, these units are payable in shares of common stock equal to the number of units, generally after his Board service ends, either in a lump sum or up to ten installments.
Patel Bhavesh V. reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Bhavesh V. Patel received a grant of 141.1685 phantom stock units on June 30, 2026, at a reference price of $271.35 per unit. This award is part of the company’s Deferred Compensation Program for Directors under its Long-Term Incentive Plan and is compensation, not an open-market trade.
Following this grant, Patel holds a total of 1,967.7293 phantom stock units directly. These units are payable in an equivalent number of Air Products common shares at a time elected by the director, generally after board service ends, either in a lump sum or up to ten installments.
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.
Air Products & Chemicals director Jessica Graziano reported a compensation-related grant of phantom deferred stock units tied to company common stock. She acquired 173.7569 phantom stock units at a reference value of $271.35 per unit, bringing her total phantom stock holdings to 3,432.8282 units.
These phantom units were granted under the Air Products Stock Account of the Deferred Compensation Program for Directors, within the company’s Long-Term Incentive Plan. According to the terms, the units will be settled in shares of common stock equal to the number of units, generally after her service on the board ends, either in a lump sum or in up to ten installments as she previously elected.
CALAWAY TONIT M reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals director Tonit M. Calaway received a grant of phantom stock units as compensation. The award covers 20.6217 phantom deferred stock units under the company’s Deferred Compensation Program for Directors, referencing a price of $271.35 per share. These units are designed to be paid out in an equal number of common shares, generally after the director’s board service ends, either in a lump sum or up to ten installments as previously elected. Following this grant, Calaway holds a total of 3,112.1686 phantom stock units directly.
Air Products & Chemicals, Inc. executive vice president and CFO Melissa N. Schaeffer reported an open-market sale of 2,714 shares of common stock on May 1, 2026 at an average price of $303.76 per share, with actual prices ranging from $303.19 to $304.32. Following this transaction, she directly holds 14,212 common shares and has an additional 455.245 shares held indirectly through an RSP.
Ungerleider Howard I reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Howard I. Ungerleider received a grant of 5.9119 phantom deferred stock units tied to the company’s common stock, based on a reference price of $291.56 per share. This award, made under the Air Products Stock Account of the Deferred Compensation Program for Directors and the Long-Term Incentive Plan, increases his holdings to 968.8515 units. These units will be settled in an equal number of common shares after his Board service ends, either in a lump sum or up to ten installments, according to his prior election.
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.
Air Products & Chemicals, Inc. director Wayne Thomas Smith reported receiving a grant of 31.6271 phantom deferred stock units on common stock, valued at $291.56 per unit. Following this award, his balance in these units increased to 5,183.1327.
The phantom deferred stock units were acquired under the Air Products Stock Account of the company’s Deferred Compensation Program for Directors, within its Long-Term Incentive Plan. These units will be settled in shares of common stock, generally after his Board service ends, either in a lump sum or up to ten installments as previously elected.
REILLEY DENNIS H reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Dennis H. Reilley received a grant of 16.3612 phantom deferred stock units under the company’s Deferred Compensation Program for Directors. These units track the value of common stock and are payable in shares after his board service ends, in a lump sum or up to ten installments as previously elected. Following this grant, he holds a total of 2,681.3146 phantom stock units, reflecting routine non-cash director compensation rather than an open-market share purchase or sale.
Air Products & Chemicals director Bhavesh V. Patel received a compensation-related equity award. On March 31, 2026, he acquired 130.457 phantom stock units tied to Air Products & Chemicals common stock at a reference price of $291.56 per unit, under the company’s Deferred Compensation Program for Directors.
Following this grant, Patel holds a total of 1,826.5608 phantom stock units. According to the plan terms, these units will be settled in an equivalent number of common shares, generally after his board service ends, either in a lump sum or up to ten installments as previously elected.
Air Products & Chemicals director Jessica Graziano received a grant of 160.5036 phantom stock units on common stock, classified as a grant or award acquisition. The units reflect a reference price of $291.56 per unit and are part of the company's deferred compensation program for directors.
These phantom deferred stock units are payable in shares of common stock equal to the number of units, generally after her Board service ends. The units may be settled in a lump sum or in up to ten installments, as previously elected. Following this grant, she holds a total of 3,259.0713 phantom stock units.
Evans Andrew W reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Andrew W. Evans received a grant of 7.564 phantom deferred stock units on the company’s stock account under its Deferred Compensation Program for Directors and Long-Term Incentive Plan. These units track the value of common stock and increased his holdings to 1,239.6126 units.
The units are payable in shares of common stock equal to the number of units, generally after his service on the Board ends, in either a lump sum or up to ten installments, as elected in advance. This filing reflects compensation, not an open-market share purchase or sale.
CALAWAY TONIT M reported acquisition or exercise transactions in this Form 4 filing.
Air Products & Chemicals, Inc. director Tonit M. Calaway received a grant of phantom stock units under the company’s Deferred Compensation Program for Directors. The award covers 18.8644 phantom stock units tied to the value of common shares at a reference price of $291.56 per unit.
Following this grant, Calaway holds a total of 3,091.5469 phantom stock units. These units are payable in shares of common stock after board service ends, at a time and in either a lump sum or up to ten installments previously elected by the director.
Mantle Ridge LP, Eagle Advisor LLC, and Paul C. Hilal reported several changes in their indirect holdings of Air Products & Chemicals, Inc. (APD) common stock. On February 12, 2026, entities they control caused the Eagle Funds to distribute 3,943,847 shares of APD on a pro rata basis to direct and indirect owners of the Eagle Funds, with no consideration paid for these distributions.
The filing also shows an indirect open‑market sale of 70,175 APD shares at $284.21 per share, leaving 93,499 shares indirectly owned after that transaction, and a separate bona fide gift of 1,759 shares, described as contributions by Paul C. Hilal to charitable organizations, leaving 91,740 shares indirectly owned. The reporting parties state they may be deemed beneficial owners through control relationships but disclaim beneficial ownership except to the extent of any pecuniary interest.
Air Products & Chemicals director Howard I. Ungerleider reported receiving 733.251 phantom stock units on January 28, 2026 under the company’s deferred compensation program for directors. The units are valued at a reference price of $259.12 per unit and increase his total phantom units to 962.9396.
These phantom units are bookkeeping entries tied to common stock and are payable in shares of common stock, equal to the number of units, at a time Mr. Ungerleider elected, generally after his Board service ends. Payouts may be made in a lump sum or up to ten installments.
Air Products & Chemicals director Alfred Stern reported an acquisition of 733.251 phantom stock units on January 28, 2026. These units were granted at a reference price of $259.12 under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan.
Following this grant, Stern beneficially owns 1,556.8873 phantom stock units, held directly. These units are payable in shares of common stock, one share per unit, at a time he has elected, generally after his service on the Board ends, either in a lump sum or up to ten installments.
Air Products & Chemicals, Inc. director Bhavesh V. Patel reported an award of phantom stock units under the company’s director deferred compensation program. On 01/28/2026, he acquired 733.251 phantom stock units at a reference price of $259.12 per unit.
Following this transaction, Patel beneficially owned 1,696.1038 phantom stock units, held directly. These units are credited under the Air Products Stock Account in the company’s Deferred Compensation Program for Directors and were granted pursuant to the Long-Term Incentive Plan.
The phantom units are payable in shares of common stock on a one-for-one basis at the time Patel has elected, which is generally after his service on the Board of Directors ends. Payout may occur in a lump sum or up to ten installments, according to his advance election.
Air Products & Chemicals director Wayne Thomas Smith reported an acquisition of phantom stock units tied to the company’s common shares. On 01/28/2026 he acquired 1,698.055 phantom stock units at a reference price of $259.12 per unit under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan.
Each unit is payable in shares of common stock equal in number to the units, generally after his service on the Board ends. Following this transaction, he beneficially owns 5,151.5056 phantom stock units in a direct capacity, which may be paid in a lump sum or up to ten installments, as elected in advance.
Air Products & Chemicals director reports phantom stock grant. Director Dennis H. Reilley acquired 1,505.0942 phantom deferred stock units on January 28, 2026 under the company’s Deferred Compensation Program for Directors, at a reference price of $259.12 per unit.
These units are credited under the Air Products Stock Account of the company’s long-term incentive plan and are payable in shares of common stock equal to the number of units. Payment occurs at a time elected by the director, generally after board service ends, either in a lump sum or up to ten installments. Following this transaction, Reilley beneficially owns 2,664.9534 phantom stock units on a direct basis.
Air Products & Chemicals director Jessica Graziano reported an automatic award of phantom stock units linked to APD common shares. On 01/28/2026, she acquired 733.251 phantom stock units under the company’s Deferred Compensation Program for Directors, at a recorded derivative price of $259.12.
After this transaction, she beneficially owns 3,098.5677 phantom stock units on a direct basis. These units are payable in the form of an equal number of APD common shares at a time she previously elected, generally after her service on the board ends, and may be paid in a lump sum or up to ten installments.
Air Products & Chemicals director acquires additional deferred stock units. Director Andrew W. Evans acquired 733.251 phantom stock units on January 28, 2026 at a reference price of $259.12 per unit under the company’s Deferred Compensation Program for Directors.
Following this transaction, Evans holds a total of 1,232.0486 phantom stock units, which are payable in shares of common stock on a one-for-one basis, generally after his service on the Board ends. The units may be distributed in a lump sum or up to ten installments, as previously elected.
Air Products & Chemicals director Tonit M. Calaway reported an acquisition of derivative securities in the form of phantom stock units. On 01/28/2026, the director acquired 733.251 phantom stock units at a reference price of $259.12 per unit, bringing the total derivative holdings to 3,072.6825 units held directly.
The units were credited under Air Products’ Deferred Compensation Program for Directors, within the company’s Long-Term Incentive Plan. According to the disclosure, these units are payable in shares of common stock on a one-for-one basis, generally after the director’s service on the board ends, either in a lump sum or up to ten installments as previously elected.
Air Products & Chemicals director reported a routine equity-related transaction. On 12/31/2025, the director acquired 1.64 phantom deferred stock units under the company’s Deferred Compensation Program for Directors, which operates within the Long-Term Incentive Plan. These phantom units track the value of common stock and are payable in shares of common stock equal to the number of units.
The filing shows a reference price of $248.91 per share and indicates that, following this transaction, the director beneficially owns 229.6886 phantom stock units on a direct basis. The units are generally settled after the director’s service on the Board ends and may be paid in a lump sum or up to ten installments, according to the director’s prior election.
Air Products & Chemicals, Inc. director reported a routine compensation-related equity transaction. On 12/31/2025, the reporting person acquired 103.6072 phantom deferred stock units under the Air Products Stock Account of the company’s Deferred Compensation Program for Directors, which operates under the Long-Term Incentive Plan. These phantom units are tied to common stock on a one-for-one basis and had a reference price of $248.91 per underlying share.
The phantom units have a conversion or exercise price of $0.0000 and are payable in shares of common stock equal to the number of units, generally after the director’s service on the Board ends. The director may elect to receive the payout in a lump sum or in up to ten installments. Following this transaction, the director beneficially owns 823.6363 phantom stock units, held directly.
Air Products & Chemicals, Inc. director reported a routine update to deferred compensation holdings. On 12/31/2025, the reporting person acquired 24.6577 phantom stock units under the Air Products Stock Account of the company's Deferred Compensation Program for Directors, which operates under the Long-Term Incentive Plan. These units track the value of Air Products common stock and are payable in shares equal to the number of units at a time elected by the director, generally after service on the Board ends.
Following this transaction, the director beneficially owned 3,453.4506 phantom stock units on a direct basis. The form notes that units may be paid in a lump sum or up to ten installments, based on the director's advance election.
Air Products & Chemicals director reports deferred stock award
A director of Air Products & Chemicals acquired 8.2814 phantom deferred stock units on 12/31/2025 under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan. These units are a form of derivative security tied to Air Products common stock, with the filing showing a price of $248.91 for the underlying shares and a stated conversion or exercise price of $0.0000 for the phantom stock.
After this transaction, the director beneficially owns 1,159.8592 phantom stock units, held directly. The units are payable in shares of common stock on a one-for-one basis at a time elected by the director, generally after service on the company’s Board of Directors ends, and may be paid in a lump sum or up to ten installments.
Air Products & Chemicals director reports deferred stock award
A director of Air Products & Chemicals, Inc. reported acquiring 146.4839 phantom deferred stock units on 12/31/2025 under the Air Products Stock Account of the company’s Deferred Compensation Program for Directors, which operates under the Long-Term Incentive Plan. These derivative securities have a stated value reference of $248.91 per underlying share of common stock.
After this transaction, the director beneficially owns 962.8528 phantom stock units in direct form. The units are designed to be settled in an equal number of Air Products common shares at a time elected by the director, generally after service on the company’s Board of Directors ends, and may be received in a lump sum or up to ten installments.
Air Products & Chemicals, Inc. director reports additional deferred equity units. A board member acquired 181.4277 phantom deferred stock units on 12/31/2025 under the company’s Deferred Compensation Program for Directors and Long-Term Incentive Plan. These phantom units convert into an equal number of shares of common stock, typically after the director’s board service ends, and can be paid in a lump sum or up to ten installments as previously elected. The transaction reflects a price of $248.91 for the derivative security, and following this award the director holds a total of 2,365.3167 phantom stock units in a direct ownership capacity.
Air Products & Chemicals, Inc. director reported a routine equity-related transaction involving the company’s deferred compensation program for directors. On 12/31/2025, the director acquired 3.5614 phantom deferred stock units under the Air Products Stock Account of the Deferred Compensation Program for Directors, which operates under the company’s Long-Term Incentive Plan. These derivative securities have a conversion or exercise price of $0.0000, and are linked to the company’s common stock at a reference price of $248.91 per unit. Following this transaction, the director beneficially owns 498.7976 phantom stock units in direct form. The units are payable in shares of common stock equal to the number of units, generally after the director’s service on the Board ends, and may be settled in a lump sum or in up to ten installments as previously elected.
Air Products & Chemicals director Form 4 shows deferred stock grant. A company director reported acquiring 25.7635 phantom deferred stock units on 12/31/2025 under Air Products & Chemicals, Inc.'s Deferred Compensation Program for Directors, which operates under the company's Long-Term Incentive Plan. These derivative securities have a conversion price of $0.0000 and are linked to an equal number of shares of common stock at settlement.
After this transaction, the director beneficially owned 3,608.3296 derivative securities on a direct basis. The units are payable in shares of common stock equal to the number of units, at a time elected by the director, generally after service on the Board of Directors ends, and may be paid in a lump sum or in up to ten installments.
Air Products & Chemicals, Inc. director reports deferred stock units grant. A company director filed a Form 4 for a 12/31/2025 transaction involving derivative securities tied to common stock. The filing shows acquisition of 16.7035 phantom deferred stock units under the Air Products Stock Account of the Deferred Compensation Program for Directors. These units correspond to 16.7035 shares of common stock at a reference price of $248.91 per share and have a stated conversion or exercise price of $0.0000 for this derivative security. After this transaction, the director beneficially owns 2,339.4315 derivative securities on a direct basis. The units are payable in shares of common stock, generally after the director’s service on the Board ends, in either a lump sum or up to ten installments, as previously elected.
Air Products & Chemicals reported an amended insider transaction for its President, Asia. The officer corrected the number of shares withheld to cover taxes on vested restricted stock units.
The updated filing shows that on 12/03/2025, 64 shares of common stock were disposed of at $261.28 per share for tax withholding, and the officer now beneficially owns 3,415 shares directly.
Air Products & Chemicals, Inc. reported that its EVP & General Counsel, who is an officer of the company, acquired additional company stock. On 12/01/2025, the insider acquired 2,107 shares of common stock, reported at a price of $0.0000 per share, indicating a no-cash equity award. Following this transaction, the officer beneficially owns 5,578 shares of Air Products common stock in direct ownership. This filing reflects an update to the executive’s equity holdings rather than any change to the company’s operations or financial results.
Air Products & Chemicals, Inc. reported insider share activity by a principal accounting officer. On 12/01/2025, the officer acquired 850 shares of common stock at a stated price of $0.0000, bringing their directly held beneficial ownership to 4,107 shares. On 12/03/2025, an additional 116 shares of common stock were acquired at a stated price of $0.0000, held indirectly through an entity identified as RSP, raising that indirect beneficial holding to 143 shares. The filing notes that the zero price disclosure is "not applicable to this security," indicating the transactions did not involve a standard market purchase price.
Air Products & Chemicals executive, listed as President, Asia, reported insider transactions in company common stock. On December 1, 2025, the executive acquired 1,873 shares at a stated price of $0.0000, and on December 3, 2025, acquired another 144 shares at $0.0000, likely reflecting equity awards. Also on December 3, the executive disposed of 65 shares and 80 shares at $261.28 per share, coded as “F,” indicating shares withheld to cover taxes or similar obligations. After these transactions, the executive directly owned 3,334 shares of Air Products & Chemicals common stock.
Air Products & Chemicals, Inc. officer and President, Americas reported several transactions in the company’s common stock. On 12/01/2025, the insider acquired 2,498 shares of common stock at a stated price of $0.0000, increasing the directly held position to 17,314 shares. On 12/02/2025, the insider acquired an additional 873 shares at $0.0000, bringing direct holdings to 18,187 shares.
Also on 12/02/2025, the insider disposed of 283 shares and 380 shares of common stock at a price of $261.28 per share, leaving 17,524 shares held directly. On 12/03/2025, the insider acquired 11.118 shares of common stock at $0.0000, held indirectly through an entity identified as “By RSP,” with indirect beneficial ownership of 11.118 shares.
Air Products and Chemicals, Inc. officer Andreas H. Opfermann, President, Europe & Africa, reported acquisitions of company stock. On 12/01/2025, he acquired 1,873 shares of common stock at a stated price of $0.0000 per share, bringing his beneficial ownership to 11,960.641 shares held directly. On 12/02/2025, he acquired an additional 873 shares of common stock at a stated price of $0.0000 per share, increasing his directly held beneficial ownership to 12,833.641 shares. The filing indicates these are non-derivative equity holdings and that no derivative securities transactions were reported.
Air Products & Chemicals executive reports equity transactions involving company common stock. The Executive Vice President and CFO reported multiple stock awards and related share withholdings between 12/01/2025 and 12/03/2025. On 12/01/2025 and 12/02/2025, the officer acquired 5,152 and 3,205 shares of common stock, respectively, at a stated price of $0.0000, reflecting non-cash awards. On 12/02/2025, the officer disposed of 709 and 1,402 shares at $261.28 per share, typically consistent with tax withholding on vesting. After these transactions, the officer directly held 16,926 shares. On 12/03/2025, an additional 43.874 shares were acquired at a stated price of $0.0000, bringing 455.245 shares held indirectly by an RSP account.
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.
Air Products & Chemicals (APD) disclosed a Form 4 by its Principal Accounting Officer. On 10/28/2025, the reporting person recorded a transaction coded “F” involving 303 shares at $256.03 per share.
Following the transaction, the reporting person beneficially owned 3,257 shares directly and 27 shares indirectly “By RSP.” The filing was made by one reporting person.
Lisa Ann Davis, a director of Air Products & Chemicals, Inc. (APD), was issued 23.5531 phantom deferred stock units on 09/30/2025 under the companys Deferred Compensation Program for Directors pursuant to the Long-Term Incentive Plan. Each Unit is payable in shares of common stock equal in number to the Units when the reporting person elects payment (generally after board service ends), and may be distributed as a lump sum or up to ten installments. The report shows 23.5531 underlying common shares valued at $270.48 for this transaction and lists 3,582.5661 shares beneficially owned following the reported transaction, held directly. The Form 4 was signed on behalf of the reporting person by Andrea I. Rennig on 10/02/2025.
Insider transaction: Howard I. Ungerleider, a director of Air Products & Chemicals, Inc. (APD), was reported as acquiring 1.4993 phantom deferred stock units under the company’s director Deferred Compensation Program on 09/30/2025. The filing shows a price of $270.48 and that 228.0486 shares are beneficially owned by the reporting person following the reported transaction. The phantom units are payable in common shares when the director elects distribution, generally after board service ends, either as a lump sum or in up to ten installments.
Air Products & Chemicals, Inc. (APD) Form 4: Director Alfred Stern acquired 88.2905 phantom deferred stock units under the company’s Deferred Compensation Program for Directors on 09/30/2025. The phantom units are payable in shares equal to the number of units at the time elected by the reporting person—generally after board service ends—and may be paid as a lump sum or in up to ten installments. The report shows a per-unit reference price of $270.48 and indicates the reporting person beneficially owns 720.0291 derivative units following the transaction. The filing was signed by Andrea I. Rennig as attorney-in-fact on 10/02/2025.
Wayne Thomas Smith, a director of Air Products & Chemicals, Inc. (APD), acquired 22.5421 phantom deferred stock units under the Company’s Deferred Compensation Program for Directors on 09/30/2025. The instrument is described as "Phantom Stock" with a listed conversion/exercise price of $0.0000 and a referenced price of $270.48 in the filing. The filing states these Units are payable in shares equal to the number of Units when paid, generally after the reporting person leaves board service, and may be distributed in a lump sum or up to ten installments as previously elected. After this transaction the reporting person is shown as beneficially owning 3,428.7929 shares (direct).
Air Products & Chemicals, Inc. director Bhavesh V. Patel acquired 124.734 phantom deferred stock units on 09/30/2025 under the Companys Deferred Compensation Program for Directors. The filing states these Units are part of the Long-Term Incentive Plan and later convert to an equal number of common shares when paid, generally after the directors board service ends; payment can be a lump sum or up to ten installments as elected in advance. The transaction was reported on a Form 4 filed by one reporting person and signed by an attorney-in-fact on 10/02/2025.