Ungerleider Howard I 4

What Happened
Howard I. Ungerleider, a director of Air Products & Chemicals, Inc. (APD), was granted 6.463 phantom deferred stock units on 2026-06-30. The units are recorded at $271.35 each, for a total notional value of about $1,754. This was a non-cash, derivative award (transaction code A) as part of the company's director Deferred Compensation Program under its Long-Term Incentive Plan — a routine form of director compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-30 (filed on Form 4 dated 2026-07-02).
• Quantity and valuation: 6.463 phantom deferred stock units @ $271.35 each; total ~$1,754.
• Security type: Derivative (phantom deferred stock units), award/grant (code A).
• 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 Director Deferred Compensation Program.
  • F3: Units are payable in shares equal to the number of Units at the time elected by the reporting person (generally after Board service ends); payout can be a lump sum or up to ten installments.
• Timeliness: Filing appears within the normal Form 4 window (not flagged as late).

Context
This transaction is a deferred-compensation award for board service, meaning no immediate transfer of common stock occurred. Such grants are routine for non-employee directors and do not necessarily indicate the director’s current trading view of the company. The award will convert to actual shares only if and when the director elects payout under the plan rules.