Evans Andrew W 4

What Happened

• Andrew W. Evans, a director of Air Products & Chemicals, Inc. (APD), was granted 733.251 phantom deferred stock units on 2026-01-28. The units were recorded at an equivalent price of $259.12 per share, for a total grant value of $190,000. This transaction is an award (derivative grant) under the company’s long-term incentive / director deferred compensation program, not an open-market purchase.

Key Details

• Transaction date: 2026-01-28; Filing date (Form 4): 2026-01-29 (appears timely).
• Grant: 733.251 phantom deferred stock units @ $259.12 per unit; total value $190,000.
• Transaction type/code: A (Award/Grant) — derivative security (Units).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1–Units are phantom deferred stock units under the Air Products Stock Account of the Deferred Compensation Program for Directors; F3–Units are payable in shares equal to the Units at a time elected by the director (generally after board service ends) and may be paid in a lump sum or up to ten installments.
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in this report.

Context

• These are deferred compensation units, not immediate common-stock purchases. They convert to shares (or share installments) at a future, elected time—typically after the director leaves the board—so they don’t necessarily change Mr. Evans’s current voting stake or liquid holdings today. Grants to non-employee directors are a common form of routine compensation.