Air Products & Chemicals, Inc. APD
NYSE
Mixed: insiders net sellers over 24 months, price 6% above insider cost
Current directors and officers hold 0.44% of shares outstanding, worth $272.15M at $279.67. The CEO's stake is worth 10.6x their annual cash pay. Over the last 24 months insiders bought $1,475 in the open market and sold $32.81M outside 10b5-1 plans and $0.00 under them. The stock trades 6% above the average price insiders paid in the open market.
Component breakdown
Skin in the game 13 / 20
How much the CEO and the insider group own, measured from their own Form 4 holdings.
| CEO stake as a multiple of cash pay A1 | See the value and its source | 10 / 12 |
|---|---|---|
| Insider group ownership A2 | See the value and its source | 3 / 8 |
Bought, not granted 7 / 15
Whether insiders put their own money in through open-market purchases, or only hold what they were awarded.
| CEO shares bought in the open market B1 | See the value and its source | 0 / 8 |
|---|---|---|
| Insiders who bought in the open market B2 | See the value and its source | 7 / 7 |
Above or below water 23 / 30
Where today's price sits against what insiders paid in the open market, and whether they still hold those shares. A price below insider cost is a better entry than insiders got.
| Price versus insider purchase cost W1 Free preview | 5.66% Within 5% below to 10% above | 11 / 18 |
|---|---|---|
| Purchased shares still held W2 | See the value and its source | 12 / 12 |
Recent buying trends 8 / 25
Over the last 24 months: are insiders net buyers or sellers, how many bought together, and how recently.
Dilution cost 9 / 10
How much equity compensation costs outside shareholders, from the company's XBRL financial data.
| Stock-based compensation versus market value F1 | See the value and its source | 6 / 6 |
|---|---|---|
| Diluted share count growth F2 | See the value and its source | 3 / 4 |
See the filings and arithmetic behind each part of APD's score.
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Key insiders
| Name | Role | Owned | Multiple | Bought | 24-month activity |
|---|---|---|---|---|---|
| Menezes Eduardo F | Chief Executive Officer | $8.6M | 10.6x | 0% | No activity |
| Ghasemi Seifi | Chairman, Pres. and CEO | $210M | — | 3% | No activity |
| Maione Francesco | President, Americas | $4.9M | — | 0% | −$617K outside a plan |
| Schaeffer Melissa N. | Exec Vice President and CFO | $4.1M | — | 0% | −$1.8M outside a plan |
| Major Sean D | Executive VP & General Counsel | $4.1M | — | 0% | −$1.4M outside a plan |
| Bols Ivo | President, Europe & Africa | $3.6M | — | 0% | −$5.6M outside a plan |
| Brifo Victoria | Exec VP, Chief HR Officer | $2.4M | — | 0% | −$1.1M outside a plan |
| Galovich Brian | Exec VP, CIO | $1.5M | — | 0% | −$660K outside a plan |
| LEPORE MATTHEW | EVP & General Counsel | $1.4M | — | 0% | No activity |
| Pellicciotti William J Jr | Principal Accounting Officer | $1.2M | — | 0% | No activity |
| Lefevere Kurt | President, Asia | $955K | — | 0% | −$474K outside a plan |
| Mok Wilbur | President, Equip. Businesses | $893K | — | 0% | −$411K outside a plan |
| Brand Wolfgang | President, Project Delivery | $658K | — | 0% | No activity |
| Hababou Ahmed | President, Middle East & India | $533K | — | 0% | −$495K outside a plan |
| Nelson Walter L. | Sr. VP, Glob Helium & Rare Gas | $251K | — | 0% | −$182K outside a plan |
| Mantle Ridge LP | Director | $25.7M | — | 0% | −$19.9M outside a plan |
| Smith Wayne Thomas | Director | $927K | — | 100% | No activity |
| MONSER EDWARD L | Director | $78.3K | — | 29% | No activity |
| Evans Andrew W | Director | $1.4K | — | 100% | +$1.5K bought −$1.4K outside a plan |
| CALAWAY TONIT M | Director | — | — | — | No activity |
| Cogut Charles I | Director | — | — | — | No activity |
| Davis Lisa Ann | Director | — | — | — | No activity |
| Graziano Jessica | Director | — | — | — | No activity |
| Hilal Paul C | Director | — | — | — | No activity |
| Ho David H Y | Director | — | — | — | No activity |
| PAULL MATTHEW H | Director | — | — | — | No activity |
| Patel Bhavesh V. | Director | — | — | — | No activity |
| REILLEY DENNIS H | Director | — | — | — | No activity |
| Stern Alfred | Director | — | — | — | No activity |
| Ungerleider Howard I | Director | — | — | — | No activity |
| All current directors and officers | 0.44% of shares outstanding | $272M | — | — | — |
Directors and officers who filed a Form 4 in the last 24 months. Owned is each person's latest reported non-derivative holdings (direct plus each indirect line, no options) at the price above. Multiple is the CEO's holdings divided by salary, bonus, and non-equity incentive from the latest proxy. Bought is the share of current holdings bought in the open market in the last five years.
Insider activity
Full activity24 months to Oct 08, 2026. Grants and shares withheld for tax are excluded: they are not decisions to buy or sell.
| Date | Insider | Transaction | Shares | Price | Value | Plan |
|---|---|---|---|---|---|---|
| May 01, 2026 | Schaeffer Melissa N. | Sale outside a plan | 2,714 | $303.76 | $824K | — |
| Feb 12, 2026 | Mantle Ridge LP | Sale outside a plan | 70,175 | $284.21 | $19.9M | — |
| Aug 05, 2025 | Brifo Victoria | Sale outside a plan | 1,359 | $292.38 | $397K | — |
See every insider trade at APD, classified by type.
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What insiders paid
Insider by insider4 insiders are sitting on a gain of $1.3M on the shares they bought in the open market (19.5% above what they paid)
Open-market purchases (Form 4 code P) in the five years to Oct 08, 2026, valued at $316.43 on Oct 31, 2026. Grants are excluded: they cost the insider nothing. Shares an insider has since sold are not counted — each person's purchases are capped at what they most recently reported holding, at their own average price paid. The score's "Above or below water" component is computed from these figures at the score's price, where a price below insider cost scores higher.
Score history
Full changelog- Oct 08, 2026 full grade First automated score: 60 (Mixed).
Peer context
Sources
All sources- Proxy statement DEF 14A filed 2025-12-11 View on EDGAR
- XBRL financial data 10-Q filed 2026-07-30 View on EDGAR
- Latest of 283 Form 4 filings 4 filed 2026-10-01 View on EDGAR