Form 4: Director Cogut Reports Acquisition and Disposal of Air Products & Chemicals Stock

Director Charles I. Cogut reports changes in beneficial ownership of Air Products & Chemicals, Inc. stock, including the acquisition of phantom stock units and disposal of common stock.

Summary

• Charles I. Cogut, a director of Air Products & Chemicals, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On September 30, 2024, Cogut acquired 47.8574 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 at a future date elected by Cogut, typically after his service on the Board of Directors ends, and can be received in a lump sum or up to ten installments.
• On the same date, Cogut disposed of 47.8574 shares of common stock at a price of $300.36, resulting in a total value of $8,169.0105.
• Following these transactions, Cogut beneficially owns 8,169.0105 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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 of stock transactions by a company director, providing transparency to investors about insider activity. It's common for directors to receive stock-based compensation and periodically adjust their holdings.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates