Smith Wayne Thomas 4

What Happened Smith Wayne Thomas (Director) received a grant of 31.627 phantom deferred stock units (derivative securities) on 2026-03-31. The units were valued at $291.56 each for a total grant value of $9,221. This was an award under the company’s director Deferred Compensation Program (a compensation grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (Form 4 filed timely).
• Security: Phantom deferred stock units (derivative) — 31.627 units at $291.56 each; total $9,221.
• Shares owned after transaction: Not reported in the Form 4.
• Footnotes: F1 — Units granted under the Air Products Stock Account of the Deferred Compensation Program for Directors (Long-Term Incentive Plan). F3 — Units are payable in shares equal to the number of units, generally after board service ends; payment can be a lump sum or up to ten installments as pre-elected by the director. F2 — Not applicable.
• Transaction type code: A = Award/Grant (compensation).

Context This is a routine director compensation award (deferred units), which represents future equity-like pay rather than an immediate stock purchase or sale. Because the units are payable later in shares (per the plan), the grant increases potential future share issuance but does not reflect a buy/sell trading signal by the insider.