Air Prods & Chems Inc SEC Filings

Air Products and Chemicals, Inc. is asking shareholders to vote at its virtual 2026 Annual Meeting on January 28, 2026. The agenda includes electing ten directors for one-year terms ending in 2027, an advisory vote on executive compensation and ratifying Deloitte & Touche LLP as independent auditor for fiscal 2026.

The company highlights a major board refresh, with seven new directors in the past year and nine of ten nominees independent, many with CEO or CFO experience at large public companies. A new CEO, Eduardo Menezes, joined in February 2025 and is refocusing strategy on the core industrial gases business, while cancelling, descoping and derisking certain energy transition projects and after divesting the liquefied natural gas business in September 2024.

For fiscal 2025, sales and adjusted operating income were only slightly below 2024 despite these changes, and adjusted EPS exceeded the midpoint of revised guidance issued in May 2025. Management is targeting high single-digit annual adjusted EPS growth over the next few years, higher margins and returns on capital and greater cash returns through growing dividends and potential share buybacks, supported by extensive governance, risk, cybersecurity and sustainability oversight.

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 and Chemicals, Inc. reported that director Lisa A. Davis has informed the company she will not stand for re-election at the 2026 Annual Meeting of Shareholders and will retire from the Board at the conclusion of that meeting. The company states her decision is for personal reasons.

Air Products also notes there are no disagreements between the company and Ms. Davis regarding its operations, policies, or practices. She has served as a director since 2020. The company issued a press release on November 25, 2025 describing her planned retirement.

Air Products and Chemicals (APD) filed a notice that a holder intends to sell 949 shares of APD common stock through Fidelity Brokerage Services LLC on or about 11/25/2025 on the NYSE. The filing lists an aggregate market value for these shares of $245,297.52. It also notes that 222,590,241 shares of APD common stock were outstanding, providing context for the size of this planned sale. The seller acquired the shares through restricted stock vesting in 2018 and 2019 as compensation from the issuer.