CALAWAY TONIT M 4

What Happened Tonit M. Calaway, a director of Air Products & Chemicals, Inc. (APD), was granted 18.864 phantom deferred stock units on 2026-03-31. The units are valued at $291.56 each, for a total reported value of $5,500. This was an award (derivative grant) under the company’s director Deferred Compensation Program — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Grant type: Award (derivative units).
• Price used for value: $291.56 per share; total reported value: $5,500.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: These are phantom deferred stock units under the Air Products Stock Account of the issuer’s Deferred Compensation Program for Directors.
  • F3: Units are payable in shares (1:1) at a time elected by the director, generally after service on the Board ends; payout can be a lump sum or up to 10 installments. F2: Not applicable.
• Filing timeliness: Reported on 2026-04-01 for a 2026-03-31 grant (filed within the standard Form 4 reporting window).

Context Phantom deferred stock units are a form of deferred compensation that convert to shares (or share-equivalents) later; no actual shares or cash were transferred at grant. Such grants are routine director compensation and do not by themselves indicate insider buying or selling intent.