Air Products and Chemicals, Inc. — Schedule 13G/A amendment. Capital Research Global Investors reports beneficial ownership of 10,412,267 shares of common stock, representing 4.7% of the 222,656,008 shares believed to be outstanding. The filing shows sole voting power for 10,407,997 shares and sole dispositive power for 10,412,267 shares. The amendment is signed by a Capital Research officer on 05/11/2026.
Positive
None.
Negative
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Insights
Institution holds a sub-5% passive stake in APD, disclosed via Schedule 13G/A.
Capital Research Global Investors reports beneficial ownership of 10,412,267 shares (approximately 4.7%) of APD common stock. The filing lists sole voting power of 10,407,997 shares and sole dispositive power of 10,412,267.
As a Schedule 13G/A amendment, this is consistent with passive institutional disclosure rather than an active change in control. Subsequent filings would show any material changes in position; timing shown by the signature date is 05/11/2026.
Key Figures
Beneficially owned:10,412,267 sharesSole voting power:10,407,997 sharesSole dispositive power:10,412,267 shares+2 more
Sole voting power10,407,997 sharesshares with sole voting power
Sole dispositive power10,412,267 sharesshares with sole power to dispose
Percent of class4.7%percentage of shares believed outstanding
Shares believed outstanding222,656,008 sharesshares believed to be outstanding (used to compute ownership)
Key Terms
Schedule 13G/A, beneficial ownership, sole dispositive power
3 terms
Schedule 13G/Aregulatory
"Capital Research Global Investors reports beneficial owner in an amended Schedule 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownershipfinancial
"CRGI is deemed to be the beneficial owner of 10,412,267 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 10,412,267"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
What stake does Capital Research Global Investors report in APD?
Capital Research Global Investors reports beneficial ownership of 10,412,267 shares, equal to 4.7% of the 222,656,008 shares believed outstanding. The filing is an amended Schedule 13G/A signed on 05/11/2026.
Does the filing show voting control over APD shares?
Yes. The filing reports sole voting power for 10,407,997 shares and shared voting power of 0. Dispositive authority is listed as 10,412,267 shares held solely.
Is this Schedule 13G/A an active takeover signal for APD (ticker APD)?
No. A Schedule 13G/A typically reports passive institutional holdings. This filing lists a 4.7% stake and does not state active acquisition intent or control actions in the disclosed text.
What entity is filing on behalf of the holder in this APD filing?
The filer is Capital Research Global Investors, a division of Capital Research and Management Company and affiliated investment management entities. The signature is by Jae Won Chung, Vice President and Senior Counsel.
How many APD shares does Capital Research deem outstanding in this filing?
The filing states there are 222,656,008 shares believed to be outstanding. That number is used to calculate the reported 4.7% ownership percentage.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Air Products and Chemicals, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
009158106
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
009158106
1
Names of Reporting Persons
Capital Research Global Investors
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
10,407,997.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
10,412,267.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,412,267.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.7 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Air Products and Chemicals, Inc.
(b)
Address of issuer's principal executive offices:
1940 AIR PRODUCTS BLVD., ALLENTOWN, PA 18106-5500
Item 2.
(a)
Name of person filing:
Capital Research Global Investors
(b)
Address or principal business office or, if none, residence:
333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)
Citizenship:
N/A
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
009158106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
10,412,267 **
**Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 10,412,267 shares or 4.7% of the 222,656,008 shares believed to be outstanding.
(b)
Percent of class:
4.7 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
10,407,997
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
10,412,267
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Capital Research Global Investors
Signature:
Jae Won Chung
Name/Title:
Vice President and Senior Counsel II, Capital Research and Management Company
