Form 4: Air Products Director Jessica Graziano Reports Acquisition of Phantom Stock Units

Director Jessica Graziano reports acquiring phantom stock units in Air Products & Chemicals, Inc. through a deferred compensation program.

Summary

• Jessica Graziano, a director at Air Products & Chemicals, Inc., filed a Form 4 on April 2, 2025, reporting a transaction that occurred on March 31, 2025.
• The transaction involved the acquisition of 137.8941 phantom stock units under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors, part of the Company's Long-Term Incentive Plan.
• 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 reported transaction, Graziano directly owns 1,878.0621 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation program allows for flexible payout options, which can be beneficial for the director's financial planning.

Future Outlook

The phantom stock units will be 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 related to executive compensation and is common among publicly traded companies. It reflects a component of director compensation designed to align their interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates

Keywords

Form 4, phantom stock units, deferred compensation, Air Products & Chemicals, director, Jessica Graziano, APD, beneficial ownership