Smith Wayne Thomas 4

What Happened

• Wayne Thomas Smith, a member of the Board of Directors of Air Products & Chemicals, Inc. (APD), was granted 1,698.055 phantom deferred stock units on 2026-01-28. The grant is valued at $259.12 per unit, for a total reported value of approximately $440,000. This was an award under the company’s director Deferred Compensation Program (a derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-28; transaction type: A (award/grant); reported filing date: 2026-01-29 (timely).
• Units granted: 1,698.055 phantom deferred stock units; per-unit value reported: $259.12; total value: ~$440,000.
• Security type: derivative (phantom deferred stock units that convert to common shares as described below).
• Shares owned following the transaction: not disclosed in this filing.
• Footnotes: F1 — Units are granted under the Air Products Stock Account of the issuer’s Deferred Compensation Program for Directors under the Long-Term Incentive Plan. F3 — Units will be paid in shares equal to the Units at the time elected by the reporting person (generally after board service ends); payout can be a lump sum or up to ten installments. F2 — not applicable to this security.

Context

• These phantom deferred stock units are a form of director compensation and are payable in common shares at a future election date; they are not immediately tradable shares. Such awards are routine for non-employee directors and should be viewed as compensation rather than a direct buy or sell signal.