Air Products & Chemicals (APD) executive compensation, 2025 proxy

Eduardo Menezes, Chief Executive Officer, was paid $11.8M in fiscal 2025. The CEO-to-median-employee pay ratio was 171:1, on median employee pay of $71,545.

Filed
December 11, 2025
Annual meeting
January 28, 2026
Pay year
fiscal 2025
Named executives
7
CEO total pay
$11.8Mfiscal 2025
CEO to median employee
171:1median $71,545
CEO pay in equity
92%$10.9M in awards
Prior say-on-pay support
94%of votes cast
CEO Base Salary
$810,846Annualized salary for CEO Eduardo Menezes
Median Employee Pay
$71,545Annual total compensation
Say-on-Pay Support
93.7%At the 2025 Annual Meeting
CEO Performance-Based Pay
90%Of total direct compensation opportunity

How Menezes was paid

$11.8M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary7%Stock awards92%All other compensation1%

Named executive officers

ExecutiveTotal
Eduardo MenezesChief Executive Officer$11,809,287
Melissa N. SchaefferExecutive Vice President and Chief Financial Officer$4,708,479
Victoria BrifoExecutive Vice President and Chief Human Resources Officer, Corporate Communications and Corporate Relations$2,417,520
Brian GalovichExecutive Vice President and Chief Information Officer$2,326,998
Francesco MaionePresident, Americas and Global Helium & Rare Gases$6,368,237
Seifi GhasemiFormer Chairman, President and Chief Executive Officer$23,418,863
Sean D. MajorFormer Executive Vice President, General Counsel and Secretary$4,712,266

What changed and why

  • $11.8MEduardo Menezes joined as Chief Executive Officer in February 2025 with a total compensation of $11,809,287.
  • 90%Approximately 90% of the total direct compensation opportunity for the current CEO is performance-based.
  • 93.7%Shareholders supported the executive officer compensation program with 93.7% of votes cast in favor.
  • $7.3MSeifi Ghasemi separated as CEO in February 2025 and received $7,251,382 in severance and other compensation.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.