Ungerleider Howard I 4

What Happened Howard I. Ungerleider, a director of Air Products & Chemicals, Inc., was granted 733.251 phantom deferred stock units on January 28, 2026. The award is reported as an acquisition (derivative) at $259.12 per unit, for a total grant value of $190,000. This was a director compensation award under the company’s long‑term incentive/ deferred compensation program — not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-28; filing date: 2026-01-29 (filed the next day).
• Award: 733.251 deferred stock units at $259.12/unit; total value reported $190,000.
• Security type: Derivative award (phantom deferred stock units) under the Air Products Stock Account of the Deferred Compensation Program for Directors (Long‑Term Incentive Plan). (Footnote F1)
• Payment terms: Units are payable in shares equal to the number of Units at the time elected by the reporting person, generally after board service ends; can be paid in a lump sum or up to ten installments. (Footnote F3)
• Shares owned after the transaction: not reported in the provided filing details.
• Filing timeliness: appears timely (filed the next day); no late‑filing flag noted.

Context This grant represents deferred director compensation converted into phantom stock units. Those units are bookkeeping awards that will be settled in actual shares under the director deferred compensation plan at a later date as elected by the director, so no immediate transfer of common shares to market hands took place.