Air Products (APD) Director Tonit Calaway Receives Deferred Stock Award

What Happened Tonit M. Calaway, a director of Air Products & Chemicals, Inc. (APD), received an award of 20.176 phantom deferred stock units on 2026-09-30. The units were valued at $279.19 each for a total grant value of about $5,633. This transaction is reported as an award/grant (derivative units) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (appears timely, filed the next day).
• Security: Phantom deferred stock units (derivative), 20.176 units @ $279.19 = $5,633 (transaction code A).
• Shares owned after transaction: not specified in the filing excerpt.
• Footnotes: Units are "phantom" deferred stock units under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors (Long‑Term Incentive Plan). Units convert to an equal number of common shares when elected by the reporting person (generally after board service ends) and may be paid as a lump sum or in up to ten installments.
• Remarks/file reference: calaway4.txt (Accession 0001225208-26-008029).

Context This is a routine director compensation award (deferred stock units), not a purchase or sale of shares in the open market. As a derivative award, the units give the director a future right to receive common shares (or equivalent) per election rules, and do not represent immediate share ownership or a current market transaction.