Patel Bhavesh V. 4

What Happened

Bhavesh V. Patel, a member of the Board of Directors of Air Products & Chemicals, Inc. (APD), was granted 141.169 phantom deferred stock units on June 30, 2026. The units were recorded at a per-unit value of $271.35 for a total grant value of $38,306. This transaction is reported as an award/grant of derivative units (code A) under the company's director deferred compensation program — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30; filing date: 2026-07-02 (timely filing).
• Award: 141.169 phantom deferred stock units valued at $271.35 each, total $38,306.
• Security type: derivative (phantom deferred stock units) — not immediate common-stock delivery.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Units were granted under the Air Products Stock Account of the Deferred Compensation Program for Directors (Long-Term Incentive Plan).
  • F3: Units will be paid in shares equal to the number of units at the time elected by the reporting person (generally after board service ends); payment can be a lump sum or up to ten installments.
  • F2: Not applicable to this security.

Context

Deferred stock units are a form of compensation for directors that convert into shares (or cash equivalent) at a later date, so this grant increases future potential equity but does not represent an immediate purchase or sale of common stock. Such awards are routine for non-employee directors and are typically part of standard compensation and retention programs.