Form 4: Air Products Director Cogut Reports Acquisition and Disposal of Phantom Stock Units

Director Charles I. Cogut reports changes in beneficial ownership of Air Products & Chemicals, Inc. phantom stock units.

Summary

• Charles I. Cogut, a director of Air Products & Chemicals, Inc., filed a Form 4 detailing changes in his beneficial ownership.
• On June 30, 2024, Cogut acquired 54.2759 phantom stock units under the company's Deferred Compensation Program for Directors, part of the Long-Term Incentive Plan.
• These units were priced at $263.07, and he disposed of 8,121.1531 units.
• Following these transactions, Cogut's holdings include 8,121.1531 derivative securities.
• The phantom stock units are payable in shares of common stock after Cogut's service on the Board of Directors ends, either in a lump sum or up to ten installments.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The phantom stock units are payable in shares of common stock at a future date elected by the reporting person, generally after service on the Company's Board of Directors ends.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates