Air Products & Chemicals Director Acquires Phantom Stock Units

Insider Filing Analysis: Air Products & Chemicals, Inc. ($APD)

Transaction Overview

On September 30, 2026, Director Tonit M. Calaway acquired approximately 20.1763 units of Phantom Stock at an implied price of $279.19 per share, totaling roughly $5,633.02 in deferred compensation equity. Following this transaction, Calaway holds 3,132.3449 Phantom Stock units directly.

Key Details & Plan Terms

• Nature of Transaction: Phantom deferred stock units acquired through the Air Products Stock Account of the Issuer's Deferred Compensation Program for Directors pursuant to the Company's Long-Term Incentive Plan.
• Conversion / Settlement: The phantom units convert on a 1-for-1 basis into shares of common stock, payable upon departure from the Board of Directors in either a lump sum or up to ten annual installments.
• Exhibits: Power of attorney granted to designated attorneys-in-fact executed on September 11, 2026.

Market & Trading Significance

This transaction represents routine director fee deferral into phantom stock units rather than an open-market transaction. Due to its scheduled and non-discretionary nature, along with the nominal dollar amount (~$5.6K), this event has Low trading significance.