Air Products & Chemicals Director Receives Deferred Stock Units

Executive Summary

On October 1, 2026, Air Products & Chemicals, Inc. ($APD) filed a Form 4 on behalf of Director Alfred Stern. The filing reports the acquisition of 99.1107 phantom stock units on September 30, 2026, valued at $279.19 per unit, for a total value of approximately $27,670.72.

Transaction Details

• Security: Phantom Stock (payable 1-for-1 in Common Stock upon cessation of board service)
• Transaction Code: 'A' (Grant, award, or other acquisition pursuant to a plan)
• Shares Acquired: 99.1107
• Price per Unit: $279.19
• Total Consideration: $27,670.72
• Ownership Post-Transaction: 1,850.8856 phantom stock units held directly

Context & Market Significance

This acquisition reflects regular director compensation credited under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors. These phantom stock units settle into common shares following the reporting person's service on the Board. Given that this is an automatic/routine plan grant of modest monetary value, it carries Low trading significance and is not indicative of discretionary open-market insider sentiment.