[SCHEDULE 13G/A] Air Products & Chemicals, Inc. SEC Filing

Rhea-AI Filing Summary

Capital Research Global Investors reports beneficial ownership of 11,494,745 shares of Air Products and Chemicals, representing 5.2% of the 222,544,214 shares the filer believes to be outstanding. The filing shows CRGI has sole voting power over 11,492,856 shares and sole dispositive power over 11,494,745 shares, with no shared voting or dispositive power reported.

The disclosure describes CRGI as a division of Capital Research and Management Company together with named investment management affiliates and states the securities are held in the ordinary course of business and not to change or influence control of the issuer.

Positive

• Material institutional disclosure: CRGI reports a >5% stake (11,494,745 shares, 5.2%), meeting regulatory thresholds for investor transparency
• Sole voting/dispositive authority reported: CRGI discloses clear control over the voting and disposition of the reported shares

Negative

• None.

Insights

Financial Analyst

TL;DR: CRGI holds a material passive stake in APD (11.49M shares, 5.2%), signaling institutional interest but no control intent.

The Schedule 13G/A reports a meaningful institutional position: 11,494,745 shares (5.2%) of Air Products. The filing attributes sole voting and dispositive authority to CRGI for essentially the full position and includes the Item 10 certification that the securities are held in the ordinary course of business and not to influence control. From a financial perspective, this is a material disclosure because it crosses the 5% reporting threshold, but the filing itself signals passive rather than activist intent, limiting immediate governance implications.

Corporate Governance Expert

TL;DR: Ownership exceeds the 5% threshold requiring public disclosure; reported powers indicate sole control of the position but no declared control purpose.

The filing documents that CRGI has sole voting power of 11,492,856 shares and reports no shared voting or dispositive power. The certification in Item 10 explicitly states the position is not intended to change or influence issuer control. For governance, the key facts are the magnitude of the stake and the assertion of passive intent; absent other disclosures, there is no evidence here of coordination, contest, or pursuit of control.

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)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 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 11,492,856.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,494,745.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,494,745.00

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)

5.2 %

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: 11,494,745 ** **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 11,494,745 shares or 5.2% of the 222,544,214 shares believed to be outstanding.
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 11,492,856
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 11,494,745
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	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
Date:	08/05/2025

FAQ

How many APD shares does Capital Research Global Investors own?

Capital Research Global Investors beneficially owns 11,494,745 shares of Air Products, representing 5.2% of the outstanding shares the filer reports.

Does CRGI have voting or dispositive power over its APD shares?

Yes. The filing reports sole voting power of 11,492,856 shares and sole dispositive power of 11,494,745 shares; no shared powers are reported.

What type of filer is Capital Research Global Investors on this Schedule 13G/A for APD?

The filer is classified as an investment adviser (IA) and describes CRGI as a division of Capital Research and Management Company with named investment management affiliates.

Is the APD stake intended to influence control of the company?

No. The certification states the securities are held in the ordinary course of business and were not acquired and are not held to change or influence control of the issuer.

What outstanding share base does the filing use to calculate the 5.2% stake?

The filing indicates the percentage is based on 222,544,214 shares believed to be outstanding.