CALAWAY TONIT M 4

What Happened
Tonit M. Calaway, a director of Air Products & Chemicals, Inc. (APD), was granted 20.622 phantom deferred stock units on 2026-06-30. The units were recorded at $271.35 per share for a total grant value of about $5,596. This was an award (grant) under the company’s director Deferred Compensation Program and is a non‑cash, derivative grant rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-30; Grant type: Award/Grant (code A)
• Units granted: 20.622 phantom deferred stock units; per‑unit value: $271.35; total value: ~$5,596
• Security type: Derivative (phantom deferred stock units) — not immediate common stock
• Shares owned after transaction: not reported in the filing
• Footnotes: F1—Units granted under the Air Products Stock Account of the director Deferred Compensation Program; F3—Units are payable in shares equal to the number of Units at the time elected (generally after board service ends) and may be paid as a lump sum or up to ten installments. F2 is not applicable.
• Filing date: 2026-07-02 (transaction dated 2026-06-30); filing appears timely based on those dates.

Context
Phantom deferred stock units are bookkeeping awards that convert to actual shares (or share equivalents) at a later date per the director’s election; they do not represent an immediate purchase or sale of common stock. Director grants like this are routine compensation and do not necessarily signal a change in the director’s view of the company.