Form 4: Air Products Director Acquires Phantom Stock Units

Andrew W. Evans, a Director at Air Products & Chemicals, Inc., acquired phantom stock units under the company's Deferred Compensation Program.

Summary

• Andrew W. Evans, a Director of Air Products & Chemicals, Inc. (APD), acquired phantom deferred stock units on June 30, 2026.
• These units were acquired under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors, as part of the Company's Long-Term Incentive Plan.
• The phantom stock units are payable in shares of common stock equal in number to the units, at a time elected by the reporting person, generally after their service on the Board of Directors concludes.
• Payment can be made in a lump sum or up to ten installments, as elected in advance by the reporting person.
• Following the transaction, Mr. Evans beneficially owns 1,247.8813 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to director compensation and does not indicate new strategic initiatives or significant financial performance changes.

Positives

• Director participation in long-term incentive plans indicates alignment with company performance.
• The acquisition of phantom stock units suggests continued commitment to the company by a board member.

Future Outlook

The phantom stock units are payable in shares of common stock at a time elected by the reporting person, generally after their service on the Board of Directors ends, with payment options including a lump sum or up to ten installments.

Industry Context

StockSavvy.ai notes that director compensation through equity-linked instruments like phantom stock units is a common practice in the industrial gases sector, aiming to align executive and director interests with shareholder value.

Stakeholder Impact

• Shareholders: The transaction reflects standard director compensation practices, aligning director interests with long-term company performance.
• Employees: The filing is primarily relevant to board compensation and has no direct impact on general employee compensation or operations.
• Management: The transaction is part of the established incentive structure for directors.

Next Steps

• Payment of phantom stock units in shares of common stock at a time elected by the reporting person.
• Potential payment in a lump sum or up to ten installments.

Key Dates

Keywords

Form 4, SEC Filing, Air Products & Chemicals, APD, Director, Phantom Stock, Deferred Compensation, Long-Term Incentive Plan, Beneficial Ownership, Stock Units