Capital International Investors amended a Schedule 13G to report beneficial ownership of 10,168,256 shares of Air Products and Chemicals, Inc. common stock, representing 4.6% of 222,656,008 shares outstanding as stated in the filing. The filing shows sole voting power over 9,863,191 shares and sole dispositive power over 10,168,256 shares. The amendment is signed by a Senior Vice President and dated 05/13/2026.
Positive
None.
Negative
None.
Insights
Large passive holder updates position to 4.6% of Air Products.
The amendment clarifies that Capital International Investors (CII) is deemed beneficial owner of 10,168,256 shares of Air Products common stock, equal to 4.6% of the 222,656,008 shares believed outstanding. The filing allocates voting and dispositive powers across CII and affiliated investment management entities.
The filing is informational under Schedule 13G/A and does not indicate transactional intent; subsequent filings would disclose any change in ownership or intent. Share counts and power allocations in future amendments will show whether this position changes.
Key Figures
Beneficial ownership:10,168,256 sharesPercent of class:4.6%Shares outstanding (context):222,656,008 shares+2 more
Percent of class4.6%of 222,656,008 shares believed outstanding
Shares outstanding (context)222,656,008 sharesshares believed outstanding (as stated in filing)
Sole voting power9,863,191 sharessole power to vote or direct the vote
Sole dispositive power10,168,256 sharessole power to dispose or direct disposition
Key Terms
beneficial owner, Schedule 13G/A, sole dispositive power
3 terms
beneficial ownerregulatory
"CII is deemed to be the beneficial owner of 10,168,256 shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Schedule 13G/Aregulatory
"Amendment No. 1) Air Products and Chemicals, Inc. Common Stock"
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.
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 10,168,256"
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 International Investors hold in Air Products (APD)?
Capital International Investors reports beneficial ownership of 10,168,256 shares, representing 4.6% of the 222,656,008 shares stated as outstanding in the filing.
How much voting power does Capital International Investors report for APD?
The filing shows sole voting power over 9,863,191 shares and shared voting power of 0 shares for Air Products common stock.
Does this Schedule 13G/A indicate Capital International Investors will take control of Air Products?
No; the amendment reports beneficial ownership under Schedule 13G/A and does not state any intent to control or change governance. It lists voting and dispositive powers without asserting control actions.
When was the Schedule 13G/A amendment signed?
The amendment is signed by Aaron Espin, Senior Vice President, and dated 05/13/2026, as shown on the executed filing page.
Who comprises the reporting group named Capital International Investors?
The filing states CII is a division of Capital Research and Management Company and includes affiliated investment management entities collectively providing services under the name "Capital International Investors."
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
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 International 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
9,863,191.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
10,168,256.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,168,256.00
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)
4.6 %
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 International 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:
10,168,256 **
**Capital International Investors ("CII") 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"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 10,168,256 shares or 4.6% of the 222,656,008 shares believed to be outstanding.
(b)
Percent of class:
4.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
9,863,191
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
10,168,256
(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.
