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Companies Air Products & Chemicals, Inc.

Air Products & Chemicals (APD): executive pay, fiscal 2025

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CEO total pay$11,809,287CEO Eduardo Menezes · source
Say-on-pay support96.26%Latest vote · source
CEO vs. named peers14th pct.Of 21 peer CEOs
CEO pay ratio171:1To the median employee · source

CEO pay, last three years

  • $11,809,287FY2025

CEO total pay was $11,809,287 in fiscal 2025; the brief holds no earlier figure for this CEO.

FY2025: salary $810,846 · bonus $0 · stock awards $10,918,501 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Air Products & Chemicals, Inc. in fiscal 2025?
As disclosed, Seifi Ghasemi (Former Chairman, President and Chief Executive Officer) was the highest-paid executive at Air Products & Chemicals, Inc. in fiscal 2025, with total compensation of $23,418,863.
How does Air Products & Chemicals, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Eduardo Menezes's total compensation ranked at the 14th percentile of Air Products & Chemicals, Inc.'s disclosed peer group.
What is Air Products & Chemicals, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Air Products & Chemicals, Inc.'s CEO-to-median employee pay ratio was 171:1.
How did shareholders vote on Air Products & Chemicals, Inc.'s executive compensation?
As disclosed, 96.26% of shareholders supported Air Products & Chemicals, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Air Products & Chemicals, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Air Products & Chemicals, Inc. reported total board compensation of $2,944,298 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Seifi Ghasemi$488,077$0$15,544,683$0$0$4,500$7,381,603$23,418,863
Former Chairman, President and Chief Executive Officer
Eduardo Menezes810,846010,918,50100079,94011,809,287
Chief Executive Officer
Francesco Maione558,688150,0004,034,1390630,0000995,4106,368,237
President, Americas and Global Helium & Rare Gases
Sean Major540,38502,563,538001,3571,606,9864,712,266
Former Executive Vice President, General Counsel and Secretary
Melissa Schaeffer782,692648,0003,204,9150036172,5114,708,479
Executive Vice President and Chief Financial Officer
Victoria Brifo586,338486,0001,281,6010012,04051,5402,417,520
Executive Vice President and Chief Human Resources Officer, Corporate Communications and Corporate Relations
Brian Galovich649,760526,5001,089,2220018961,3272,326,998
Executive Vice President and Chief Information Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Seifi Ghasemi$23,418,863$15,890,696$22,078,099↑ +7,528,167
Eduardo Menezes11,809,287———
Francesco Maione6,368,237———
Sean Major4,712,2663,312,7913,870,200↑ +1,399,475
Melissa Schaeffer4,708,4793,730,9204,451,900↑ +977,559
Victoria Brifo2,417,520———
Brian Galovich2,326,998———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The overall objective of our executive officer compensation program is to attract and retain a talented management team and to provide them with the right incentives to execute our strategic objectives and to maximize long-term shareholder value. The same principles that govern the compensation of all our salaried employees apply to the compensation of our executive officers.

CEO STI target (% of salary)145%
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Eduardo MenezesPSU2025-02-24016,720—35,948$7,009,358
Victoria BrifoPSU2024-12-0201,819—3,910874,830
Brian GalovichPSU2024-12-0201,546—3,323743,533
Francesco MaioneRSU2024-12-02——1,661—557,465
Eduardo MenezesRSU2025-02-24——12,635—3,909,143
Francesco MaioneRSU2025-06-23——10,982—3,000,063
Victoria BrifoRSU2024-12-02——1,212—406,771
Brian GalovichRSU2024-12-02——1,030—345,689
Sean MajorPSU2024-12-0203,638—7,8211,749,660
Melissa SchaefferRSU2024-12-02——3,032—1,017,600
Sean MajorRSU2024-12-02——2,425—813,879
Seifi GhasemiPSU2024-12-02022,059—47,42610,609,055
Seifi GhasemiRSU2024-12-02——14,706—4,935,628
Melissa SchaefferPSU2024-12-0204,548—9,7782,187,315
Francesco MaionePSU—0991—2,130476,612

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Eduardo Menezes$3,909,143$7,009,358$064.2%
Victoria Brifo406,771874,830068.3%
Brian Galovich345,689743,533068.3%
Francesco Maione3,557,528476,612011.8%
Sean Major813,8791,749,660068.3%
Melissa Schaeffer1,017,6002,187,315068.2%
Seifi Ghasemi4,935,62810,609,055068.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Francesco MaionePSU3,068—$836,705
Brian GalovichRSU3,725—1,015,882
Brian GalovichPSU4,023—1,097,153
Victoria BrifoRSU4,529—1,235,149
Victoria BrifoPSU4,868—1,327,601
Sean MajorPSU5,687—1,550,959
Sean MajorRSU7,169—1,955,130
Melissa SchaefferRSU10,680—2,912,650
Eduardo MenezesRSU12,635—3,445,817
Melissa SchaefferPSU12,830—3,498,998
Francesco MaioneRSU14,816—4,040,620
Eduardo MenezesPSU16,720—4,559,878
Seifi GhasemiPSU68,255—18,614,504
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Wayne T. SmithIndependent$130,000$410,000——$10,000$550,000
Dennis H. ReilleyIndependent99,889360,000——0459,889
Lisa A. DavisIndependent150,000160,000——10,000320,000
Jessica Trocchi GrazianoIndependent147,222160,000——0307,222
Tonit M. CalawayIndependent130,000160,000——0290,000
Alfred SternIndependent89,556160,000——0249,556
Bhavesh V. PatelIndependent89,556160,000——0249,556
Andrew W. EvansIndependent89,556160,000——0249,556
Howard UngerleiderIndependent10,83366,667——077,500
Edward L. MonserIndependent57,0000——057,000
Matthew H. PaullIndependent49,0830——2,35651,439
Charles I. CogutIndependent41,1670——24641,413
David H.Y. HoIndependent41,1670——041,167

Board fee structure and ownership guideline

Annual cash retainer$130,000
Annual equity retainer$160,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline5x annual cash retainer within 5 years of joining the Board

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,125,029
Equity awards (grant-date value)$1,796,667
All other compensation$22,602
Total cost of the board$2,944,298

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Air Products & Chemicals as a peer

Companies that benchmark against APD

21 companies name APD as a compensation peer

Each company listed discloses APD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named APD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

Of the companies Air Products & Chemicals, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Air Products & Chemicals, Inc..

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1NextEra Energy, Inc.2025John Ketchum$1,606,154$12,873,646$3,100,000$5,120,000$24,192,607
2Parker-Hannifin Corporation2026Jennifer Parmentier1,537,5007,586,8987,841,9404,539,82222,761,169
3Linde plc2025Sanjiv Lamba1,575,00011,680,8044,938,9083,197,25021,777,870
4Baker Hughes Company2025Lorenzo Simonelli1,710,00013,310,81903,557,70621,363,825
5Emerson Electric Co.2025Lal Karsanbhai1,537,50015,413,32503,728,52521,240,262
6Johnson Controls International plc2025Joakim Weidemanis825,00012,849,0883,749,9932,357,24719,963,827
7Eastman Chemical Company2025Mark Costa1,406,95812,682,2003,278,151987,00019,498,966
8Dover Corporation2025Richard Tobin1,387,3858,040,7266,562,519018,757,706
9Occidental Petroleum Corporation2025Vicki Hollub1,596,78112,298,20703,200,00018,055,969
10TechnipFMC plc2025Douglas Pferdehirt1,450,00012,361,64003,501,75017,816,188
11Ecolab Inc.2025Christophe Beck1,390,0817,228,1014,566,9163,383,18317,404,935
12Schlumberger NV2025Olivier Le Peuch1,650,00012,374,95302,083,95017,347,291
13Ingersoll Rand Inc.2025Vicente Reynal1,185,7857,078,1686,423,9711,242,00016,197,391
14DuPont de Nemours, Inc.2025Lori Koch1,242,31312,547,71101,897,50016,134,250
15Quanta Services, Inc.2025Earl Austin1,406,25011,050,34502,710,35015,699,684
16Illinois Tool Works Inc.2025Christopher A. O'Herlihy1,337,2715,249,9575,249,9962,702,38915,211,011
17PPG Industries, Inc.2025Timothy Knavish1,300,0007,333,5423,666,6901,924,00014,885,022
18Fortive Corporation2025Olumide Soroye931,7338,196,1253,706,5191,358,10014,405,012
19Air Products & Chemicals, Inc.2025Eduardo Menezes810,84610,918,5010011,809,287
20Celanese Corporation2025Scott Richardson—5,249,9582,249,9901,342,62510,137,072
21Eaton Corporation plc2025Paulo Ruiz1,087,1164,140,3141,384,6951,155,0007,923,677
22Fluor Corporation2025James Breuer1,071,6892,744,569593,7621,330,3006,873,013

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Air Products & Chemicals, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSR (compared to S&P 500 Index)Willis Towers Watson
Baker Hughes Company113.5%PSU 50 · RSU 50Yes — Relative TSRFrederic W. Cook & Co., Inc.
Celanese Corporation93.4%PSU 70 · Options 30NoWillis Towers Watson PLC
Dover Corporation121.7%PSU 40 · Options 40 · RSU 20Yes — 3-Year relative TSRMeridian Compensation Partners, LLC
DuPont de Nemours, Inc.101.2%PSU 60 · RSU 40Yes — Relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
Eastman Chemical Company47%PSA 60 · Option 20 · RSU 20Yes — Relative total shareholder return (rTSR)Aon plc
Eaton Corporation plc70%PSU 50 · RSU 25 · Option 25Yes — Relative TSRMeridian Compensation Partners
Ecolab Inc.137%PSU 60 · Options 40Yes — relative TSRFW Cook
Emerson Electric Co.141.5%PSU 55 · RSU 45NoExequity
Fluor Corporation93%Performance Awards 50 · RSU 35 · Option 15Yes — Relative TSRnot disclosed
Fortive Corporationnot disclosedPSU 50 · RSU 25 · Option 25Yes — Relative TSR vs. S&P 500Pearl Meyer
Illinois Tool Works Inc.not disclosedPSU 50 · Options 50NoMeridian Compensation Partners LLC
Ingersoll Rand Inc.69%PSU 50 · RSU 25 · Options 25Yes — Relative TSR vs. the S&P 500 IndustrialsPay Governance
Johnson Controls International plc176.6%PSU 50 · Option 25 · RSU 25Yes — TSR Relative to S&P 500 IndustrialsFarient Advisors LLC
Linde plc116.0%PSU 50 · Option 30 · RSU 20Yes — Relative Total Shareholder Return (TSR)Willis Towers Watson
NextEra Energy, Inc.189%%Performance Shares 60 · Options 14 · Performance-Based Restricted Stock 3NoFrederic W. Cook & Co., Inc.
Occidental Petroleum Corporation125%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Parker-Hannifin Corporationnot disclosedLTIP Awards 50 · Stock Appreciation Rights 50NoMercer Consulting
PPG Industries, Inc.93%Option 33 · PRSU 33 · TSR Shares 33NoFW Cook
Quanta Services, Inc.126.8%PSU 60 · RSU 40NoFrederick W. Cook & Co., Inc.
Schlumberger NV84%PSU 75 · RSU 25Yes — Total Shareholder Return (TSR)Pay Governance
TechnipFMC plcnot disclosedPSU 70 · RSU 30Yes — Relative TSRPearl Meyer & Partners, LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-01-28180,121,8167,002,770438,18896.26%Passed
20252025-01-23157,988,05510,574,1948,095,23793.73%Passed
20242024-01-25128,054,05947,653,798908,97372.88%Passed
20232023-01-26165,141,31912,123,192435,24093.16%Passed
20222022-02-03167,297,65011,494,711520,71193.57%Passed
20212021-01-28171,551,6309,878,595578,10894.56%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-01-2896.26%a
20252025-01-2393.73%b
20242024-01-2572.88%c

a. Approved under the standard stated in the filing — “Abstentions and broker nonvotes will not affect the outcome of the vote on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker nonvotes will not affect the outcome of the vote on these proposals.”.

c. Approved under the standard stated in the filing — “Abstentions and broker nonvotes will not affect the outcome of the vote on these proposals.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)171 : 1
CEO total compensation$12,268,441
Median employee compensation$71,545
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2025-12-31—81—~20,0646 insiders, 6 accrual rows
Bhavesh V. PatelDirector2025-12-31A146.4824936,461Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2025-12-31A181.4324945,159Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2025-12-31A103.6124925,789Derivative, Class A CommonForm 4 ↗
Tonit M. CalawayDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Andrew W. EvansDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Dennis H. ReilleyDirector2026-01-28A1,505.09259390,000Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Howard UngerleiderDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Wayne T. SmithDirector2026-01-28A1,698.06259440,000Derivative, Class A CommonForm 4 ↗
Mantle Ridge LPDirector2026-02-12D70,17528419,944,437Common, indirectForm 4 ↗
Mantle Ridge LPDirector2026-02-12D1,75900Common, indirectForm 4 ↗
Mantle Ridge LPDirector2026-02-12D3,943,84700Common, indirectForm 4 ↗
Alfred SternDirector2026-03-31A93.5929227,287Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-03-31—80—~23,4215 insiders, 5 accrual rows
Jessica Trocchi GrazianoDirector2026-03-31A160.529246,796Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2026-03-31A130.4629238,036Derivative, Class A CommonForm 4 ↗
Melissa SchaefferExec Vice President and CFO2026-05-01D2,714304824,405CommonForm 4 ↗
Dividend-equivalent accruals2026-06-30—88—~23,8285 insiders, 5 accrual rows
Jessica Trocchi GrazianoDirector2026-06-30A173.7627147,149Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2026-06-30A141.1727138,306Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2026-06-30A101.327127,487Derivative, Class A CommonForm 4 ↗
Matthew LeporeEVP & General Counsel2026-08-18D418304126,913CommonForm 4 ↗
Bhavesh V. PatelDirector2026-09-30A138.1227938,562Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2026-09-30A99.1127927,671Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-09-30—86—~23,9875 insiders, 5 accrual rows
Jessica Trocchi GrazianoDirector2026-09-30A17027947,463Derivative, Class A CommonForm 4 ↗
William J. Pellicciotti JrPrincipal Accounting Officer2026-10-27D338307103,807CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 47 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Tonit M. CalawayDirector2025-12-31A16.7$249$4,158Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2025-12-31A146.4824936,461Derivative, Class A CommonForm 4 ↗
Lisa A. DavisDirector2025-12-31A25.762496,413Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2025-12-31A181.4324945,159Derivative, Class A CommonForm 4 ↗
Wayne T. SmithDirector2025-12-31A24.662496,138Derivative, Class A CommonForm 4 ↗
Dennis H. ReilleyDirector2025-12-31A8.282492,061Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2025-12-31A103.6124925,789Derivative, Class A CommonForm 4 ↗
Howard UngerleiderDirector2025-12-31A1.64249408Derivative, Class A CommonForm 4 ↗
Andrew W. EvansDirector2025-12-31A3.56249886Derivative, Class A CommonForm 4 ↗
Tonit M. CalawayDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Andrew W. EvansDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Dennis H. ReilleyDirector2026-01-28A1,505.09259390,000Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Howard UngerleiderDirector2026-01-28A733.25259190,000Derivative, Class A CommonForm 4 ↗
Wayne T. SmithDirector2026-01-28A1,698.06259440,000Derivative, Class A CommonForm 4 ↗
Mantle Ridge LPDirector2026-02-12D70,17528419,944,437Common, indirectForm 4 ↗
Mantle Ridge LPDirector2026-02-12D1,75900Common, indirectForm 4 ↗
Mantle Ridge LPDirector2026-02-12D3,943,84700Common, indirectForm 4 ↗
Alfred SternDirector2026-03-31A93.5929227,287Derivative, Class A CommonForm 4 ↗
Tonit M. CalawayDirector2026-03-31A18.862925,500Derivative, Class A CommonForm 4 ↗
Andrew W. EvansDirector2026-03-31A7.562922,205Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2026-03-31A160.529246,796Derivative, Class A CommonForm 4 ↗
Dennis H. ReilleyDirector2026-03-31A16.362924,770Derivative, Class A CommonForm 4 ↗
Howard UngerleiderDirector2026-03-31A5.912921,724Derivative, Class A CommonForm 4 ↗
Wayne T. SmithDirector2026-03-31A31.632929,221Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2026-03-31A130.4629238,036Derivative, Class A CommonForm 4 ↗
Melissa SchaefferExec Vice President and CFO2026-05-01D2,714304824,405CommonForm 4 ↗
Dennis H. ReilleyDirector2026-06-30A17.892714,853Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2026-06-30A173.7627147,149Derivative, Class A CommonForm 4 ↗
Bhavesh V. PatelDirector2026-06-30A141.1727138,306Derivative, Class A CommonForm 4 ↗
Howard UngerleiderDirector2026-06-30A6.462711,754Derivative, Class A CommonForm 4 ↗
Wayne T. SmithDirector2026-06-30A34.572719,381Derivative, Class A CommonForm 4 ↗
Tonit M. CalawayDirector2026-06-30A20.622715,596Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2026-06-30A101.327127,487Derivative, Class A CommonForm 4 ↗
Andrew W. EvansDirector2026-06-30A8.272712,244Derivative, Class A CommonForm 4 ↗
Matthew LeporeEVP & General Counsel2026-08-18D418304126,913CommonForm 4 ↗
Bhavesh V. PatelDirector2026-09-30A138.1227938,562Derivative, Class A CommonForm 4 ↗
Alfred SternDirector2026-09-30A99.1127927,671Derivative, Class A CommonForm 4 ↗
Andrew W. EvansDirector2026-09-30A8.092792,259Derivative, Class A CommonForm 4 ↗
Jessica Trocchi GrazianoDirector2026-09-30A17027947,463Derivative, Class A CommonForm 4 ↗
Tonit M. CalawayDirector2026-09-30A20.182795,633Derivative, Class A CommonForm 4 ↗
Dennis H. ReilleyDirector2026-09-30A17.52794,886Derivative, Class A CommonForm 4 ↗
Howard UngerleiderDirector2026-09-30A6.322791,765Derivative, Class A CommonForm 4 ↗
Wayne T. SmithDirector2026-09-30A33.832799,444Derivative, Class A CommonForm 4 ↗
William J. Pellicciotti JrPrincipal Accounting Officer2026-10-27D338307103,807CommonForm 4 ↗
Sources (132 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Seifi Ghasemi. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table” · page 62. As printed: 23,418,863. View filing ↗
  • Section 01, Eduardo Menezes. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table”. As printed: 11,809,287. View filing ↗
  • Section 01, Francesco Maione. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table”. As printed: 6,368,237. View filing ↗
  • Section 01, Sean Major. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table”. As printed: 4,712,266. View filing ↗
  • Section 01, Melissa Schaeffer. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table”. As printed: 4,708,479. View filing ↗
  • Section 01, Victoria Brifo. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,417,520. View filing ↗
  • Section 01, Brian Galovich. DEF 14A, filed 2025-12-11. Section “Fiscal 2025 Summary Compensation Table”. As printed: 2,326,998. View filing ↗
  • Section 03, Eduardo Menezes PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Victoria Brifo PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Galovich PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Francesco Maione RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Eduardo Menezes RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Francesco Maione RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Victoria Brifo RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Galovich RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Sean Major PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Melissa Schaeffer RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Sean Major RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Seifi Ghasemi PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Seifi Ghasemi RSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Melissa Schaeffer PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Francesco Maione PSU. DEF 14A, filed 2025-12-11. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-12-11. Section “CEO Pay Ratio”. As printed: 171 : 1. View filing ↗
  • Section 08, Wayne T. Smith. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 550,000. View filing ↗
  • Section 08, Dennis H. Reilley. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 459,889. View filing ↗
  • Section 08, Lisa A. Davis. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 320,000. View filing ↗
  • Section 08, Jessica Trocchi Graziano. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 307,222. View filing ↗
  • Section 08, Tonit M. Calaway. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 290,000. View filing ↗
  • Section 08, Alfred Stern. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 249,556. View filing ↗
  • Section 08, Bhavesh V. Patel. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 249,556. View filing ↗
  • Section 08, Andrew W. Evans. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 249,556. View filing ↗
  • Section 08, Howard Ungerleider. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 77,500. View filing ↗
  • Section 08, Edward L. Monser. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 57,000. View filing ↗
  • Section 08, Matthew H. Paull. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 51,439. View filing ↗
  • Section 08, Charles I. Cogut. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 41,413. View filing ↗
  • Section 08, David H.Y. Ho. DEF 14A, filed 2025-12-11. Section “Director Compensation”. As printed: 41,167. View filing ↗
  • Section 02, Tonit M. Calaway 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bhavesh V. Patel 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Lisa A. Davis 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jessica Trocchi Graziano 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Wayne T. Smith 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dennis H. Reilley 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alfred Stern 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Howard Ungerleider 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew W. Evans 2025-12-31. Form 4, filed 2026-01-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tonit M. Calaway 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew W. Evans 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alfred Stern 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jessica Trocchi Graziano 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dennis H. Reilley 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bhavesh V. Patel 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Howard Ungerleider 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Wayne T. Smith 2026-01-28. Form 4, filed 2026-01-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mantle Ridge LP 2026-02-12. Form 4, filed 2026-02-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mantle Ridge LP 2026-02-12. Form 4, filed 2026-02-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mantle Ridge LP 2026-02-12. Form 4, filed 2026-02-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alfred Stern 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tonit M. Calaway 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew W. Evans 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jessica Trocchi Graziano 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dennis H. Reilley 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Howard Ungerleider 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Wayne T. Smith 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bhavesh V. Patel 2026-03-31. Form 4, filed 2026-04-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Melissa Schaeffer 2026-05-01. Form 4, filed 2026-05-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dennis H. Reilley 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jessica Trocchi Graziano 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bhavesh V. Patel 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Howard Ungerleider 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Wayne T. Smith 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tonit M. Calaway 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alfred Stern 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew W. Evans 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Matthew Lepore 2026-08-18. Form 4, filed 2026-09-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bhavesh V. Patel 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Alfred Stern 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Andrew W. Evans 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jessica Trocchi Graziano 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tonit M. Calaway 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Dennis H. Reilley 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Howard Ungerleider 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Wayne T. Smith 2026-09-30. Form 4, filed 2026-10-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, William J. Pellicciotti Jr 2026-10-27. Form 4, filed 2026-10-29. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-01-29. Item 5.07 · say-on-pay result. As reported: 96.26% (votes for as printed: 180,121,816 (96.25% of the votes cast)). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-01-27. Item 5.07 · say-on-pay result. As reported: 93.73% (votes for as printed: 157,988,055 (93.73% of the votes cast)). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-01-26. Item 5.07 · say-on-pay result. As reported: 72.88% (votes for as printed: 128,054,059 (72.87% of the votes cast)). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,125,029 + equity 1,796,667 + all other 22,602 = 2,944,298, summed across the director compensation table rows.
  • NextEra Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in NextEra Energy, Inc.'s own proxy. As printed: 24,192,607. View filing ↗
  • Parker-Hannifin Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-18. CEO total compensation as printed in Parker-Hannifin Corporation's own proxy. As printed: 22,761,169. View filing ↗
  • Linde plc, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Linde plc's own proxy. As printed: 21,777,870. View filing ↗
  • Baker Hughes Company, Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Baker Hughes Company's own proxy. As printed: 21,363,825. View filing ↗
  • Emerson Electric Co., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Emerson Electric Co.'s own proxy. As printed: 21,240,262. View filing ↗
  • Johnson Controls International plc, Section 10b CEO total. DEF 14A, filed 2026-01-16. CEO total compensation as printed in Johnson Controls International plc's own proxy. As printed: 19,963,827. View filing ↗
  • Eastman Chemical Company, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Eastman Chemical Company's own proxy. As printed: 19,498,966. View filing ↗
  • Dover Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Dover Corporation's own proxy. As printed: 18,757,706. View filing ↗
  • Occidental Petroleum Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Occidental Petroleum Corporation's own proxy. As printed: 18,055,969. View filing ↗
  • TechnipFMC plc, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in TechnipFMC plc's own proxy. As printed: 17,816,188. View filing ↗
  • Ecolab Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Ecolab Inc.'s own proxy. As printed: 17,404,935. View filing ↗
  • Schlumberger NV, Section 10b CEO total. DEF 14A, filed 2026-02-26. CEO total compensation as printed in Schlumberger NV's own proxy. As printed: 17,347,291. View filing ↗
  • Ingersoll Rand Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Ingersoll Rand Inc.'s own proxy. As printed: 16,197,391. View filing ↗
  • DuPont de Nemours, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in DuPont de Nemours, Inc.'s own proxy. As printed: 16,134,250. View filing ↗
  • Quanta Services, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Quanta Services, Inc.'s own proxy. As printed: 15,699,684. View filing ↗
  • Illinois Tool Works Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Illinois Tool Works Inc.'s own proxy. As printed: 15,211,011. View filing ↗
  • PPG Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-05. CEO total compensation as printed in PPG Industries, Inc.'s own proxy. As printed: 14,885,022. View filing ↗
  • Fortive Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Fortive Corporation's own proxy. As printed: 14,405,012. View filing ↗
  • Air Products & Chemicals, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-12-11. CEO total compensation as printed in Air Products & Chemicals, Inc.'s own proxy. As printed: 11,809,287. View filing ↗
  • Celanese Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in Celanese Corporation's own proxy. As printed: 10,137,072. View filing ↗
  • Eaton Corporation plc, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Eaton Corporation plc's own proxy. As printed: 7,923,677. View filing ↗
  • Fluor Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Fluor Corporation's own proxy. As printed: 6,873,013. View filing ↗
  • Section 10a, Baker Hughes Company reciprocity. DEF 14A. Baker Hughes Company's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Fluor Corporation reciprocity. DEF 14A. Fluor Corporation's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Johnson Controls International plc reciprocity. DEF 14A. Johnson Controls International plc's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Eaton Corporation plc reciprocity. DEF 14A. Eaton Corporation plc's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, PPG Industries, Inc. reciprocity. DEF 14A. PPG Industries, Inc. names Air Products & Chemicals, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, DuPont de Nemours, Inc. reciprocity. DEF 14A. DuPont de Nemours, Inc.'s most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Parker-Hannifin Corporation reciprocity. DEF 14A. Parker-Hannifin Corporation's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, NextEra Energy, Inc. reciprocity. DEF 14A. NextEra Energy, Inc. names Air Products & Chemicals, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Occidental Petroleum Corporation reciprocity. DEF 14A. Occidental Petroleum Corporation's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Linde plc reciprocity. DEF 14A. Linde plc's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Quanta Services, Inc. reciprocity. DEF 14A. Quanta Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Celanese Corporation reciprocity. DEF 14A. Celanese Corporation names Air Products & Chemicals, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Dover Corporation reciprocity. DEF 14A. Dover Corporation's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Eastman Chemical Company reciprocity. DEF 14A. Eastman Chemical Company names Air Products & Chemicals, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ecolab Inc. reciprocity. DEF 14A. Ecolab Inc. names Air Products & Chemicals, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Emerson Electric Co. reciprocity. DEF 14A. Emerson Electric Co.'s most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Fortive Corporation reciprocity. DEF 14A. Fortive Corporation's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Illinois Tool Works Inc. reciprocity. DEF 14A. Illinois Tool Works Inc.'s most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Ingersoll Rand Inc. reciprocity. DEF 14A. Ingersoll Rand Inc.'s most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
  • Section 10a, Schlumberger N.V. reciprocity. DEF 14A. Schlumberger N.V. names Air Products & Chemicals, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, TechnipFMC plc reciprocity. DEF 14A. TechnipFMC plc's most recent proxy was read; its disclosed peer group does not include Air Products & Chemicals, Inc.. View filing ↗
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