REILLEY DENNIS H 4

What Happened
Dennis H. Reilley, a director of Air Products & Chemicals, Inc. (APD), was granted 17.885 phantom deferred stock units on 2026-06-30. The units were valued at $271.35 each for a total grant value of $4,853. This is an award (derivative units) under the company's director Deferred Compensation Program—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30 (reported on Form 4 filed 2026-07-02).
• Transaction type/code: A — Grant/award (derivative).
• Units granted: 17.885 phantom deferred stock units.
• Implied per-unit value: $271.35; total value: $4,853.
• Shares owned after transaction: not specified in the provided filing excerpt.
• 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 equal to the number of units at the time elected by the director (generally after board service ends) and may be paid in a lump sum or up to ten installments. F2 not applicable.
• Timeliness: Filed on 2026-07-02 for a 2026-06-30 grant — appears to be timely.

Context
These phantom units are a form of deferred compensation for directors and do not represent immediate share transfers to the director; they convert to shares when paid out under the elected schedule (often after board service ends). Such routine director awards are common and typically reflect compensation arrangements rather than an immediate insider trading signal.