Graziano Jessica 4

What Happened Jessica Graziano, a director of Air Products & Chemicals, Inc. (APD), was granted 160.504 phantom deferred stock units on 2026-03-31. The units are reported at a per-share reference value of $291.56, for an aggregate value of $46,796. This was an award/derivative grant (code A) under the company’s director deferred compensation long-term incentive program—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (timely filing).
• Grant: 160.504 phantom deferred stock units at $291.56 per share; aggregate value $46,796 (derivative units, not immediate shares).
• Shares owned after transaction: Not disclosed in this 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 number of Units at a time elected by the director (generally after board service ends); payout may be a lump sum or up to ten installments. F2 = Not applicable.
• Filing status: Timely (no late filing flag).

Context Deferred stock units are a form of compensation that convert to actual shares (or cash/share equivalents) at a later date according to the director’s election and plan rules. Such grants are routine director compensation and do not represent an immediate purchase or sale in the open market, so they are not a direct signal of the insider’s short-term trading intentions.