Form 4: Air Products Director Ho David H Y Reports Acquisition of Phantom Stock Units

Director Ho David H Y reports acquiring phantom stock units in Air Products & Chemicals, Inc. through a deferred compensation program.

Summary

• On June 30, 2024, Director Ho David H Y acquired 264.6018 phantom stock units in Air Products & Chemicals, Inc. under the company's Deferred Compensation Program for Directors.
• These units are payable in shares of common stock after the director's service on the Board ends, with payment options including a lump sum or up to ten installments.
• Following the transaction, the director directly owns 21,230.0202 shares.
• The price of the transaction was $263.07.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. There are no indications of positive or negative implications for the company's performance.

Future Outlook

The phantom stock units will be converted to common stock shares at a future date, after the director's service on the board ends. The timing and method of payment (lump sum or installments) will be determined by the reporting person's prior election.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves deferred compensation for a director.

Key Dates