Form 4: Air Products Director Wayne Thomas Smith Reports Changes in Beneficial Ownership

Director Wayne Thomas Smith reports acquisition and disposal of phantom stock units in Air Products & Chemicals, Inc.

Summary

• Wayne Thomas Smith, a director of Air Products & Chemicals, Inc., filed a Form 4 to report changes in beneficial ownership.
• On June 30, 2024, Smith acquired 13.6924 phantom stock units under the company's Deferred Compensation Program for Directors, with each unit valued at $263.07.
• On the same date, Smith disposed of 2,048.7475 phantom stock units.
• Following these transactions, Smith's holdings include 2,048.7475 derivative securities.

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 the form of shares of common stock equal in number to the Units, at the time elected by the reporting person, which is generally after service on the Company's Board of Directors ends. Units may be paid in a lump sum or up to ten installments as elected by the reporting person in advance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates