Kurt Lefevere

APD

PRESIDENT, ASIA · AIR PRODUCTS & CHEMICALS, INC. · CIK 0002039939

FILING MIX · LIFETIME40%/60%

BUYS

SELLS

TOTAL VALUE

$582.2K

COMPANIES

ACTIVE SINCE

Dec 2024

HOLDINGS NOW

3,415

AVG SELL PX

$311.53

Trades · vs SPY

Loading price series…

Performance · forward returns vs SPY

1 backtested trades · 8 horizons · 1 pending

Forward-return performance of every backtestable P/S trade by Kurt Lefevere, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	1	+100.00%	-0.59%	-4.15%	+3.56%	+3.56%	—
14d	1	+100.00%	-1.06%	-6.17%	+5.12%	+5.12%	—
30d	1	+100.00%	-7.20%	-7.32%	+0.12%	+0.12%	—
60d	1	+100.00%	-18.04%	-15.56%	-2.48%	-2.48%	—
90d	1	+100.00%	-14.19%	-4.22%	-9.97%	-9.97%	—
180d	1	+100.00%	-7.66%	+5.14%	-12.79%	-12.79%	—
1y	1	+100.00%	-10.53%	+13.29%	-23.82%	-23.82%	—
2y	1(1 pending)	—	—	—	—	—	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

APD · 3,415 shares · as of Dec 3, 2025

Trading cadence · quarterly flow

BUY ● SELL ●

2024

2025

FLOW · 4 buys / 6 sellsCOVERAGE · 5 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
APD AIR PRODUCTS & CHEMICALS, INC.	SALE President, Asia	80	$261.28	$20.9K	3,334	Dec 3, 2025	Dec 3, 2025 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	SALE President, Asia	65	$261.28	$17.0K	3,414	Dec 3, 2025	Dec 3, 2025 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	PURCHASEGRANT Stock grant	144	—	—	3,479	Dec 3, 2025	Dec 3, 2025 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	SALE President, Asia	64	$261.28	$16.7K	3,415	Dec 3, 2025	Dec 15, 2025 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	PURCHASEGRANT Stock grant	1,873	—	—	3,335	Dec 1, 2025	Dec 3, 2025 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	SALE President, Asia	1,500	$316.17	$474.3K	1,462	Feb 20, 2025	Feb 21, 2025 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	SALE President, Asia	96	$333.65	$32.0K	2,962	Dec 4, 2024	Dec 5, 2024 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	PURCHASEGRANT Stock grant	172	—	—	3,122	Dec 4, 2024	Dec 5, 2024 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	SALE President, Asia	64	$333.65	$21.4K	3,058	Dec 4, 2024	Dec 5, 2024 ↗	View →
APD AIR PRODUCTS & CHEMICALS, INC.	PURCHASEGRANT Stock grant	454	—	—	2,950	Dec 2, 2024	Dec 4, 2024 ↗	View →

Other insiders · APD

Loading peer insiders…

About this filer

CIK 0002039939

ROLE

President, Asia

PRIMARY

APD

COMPANIES

ACTIVE SINCE

Dec 2024

MARKETPEEL · /INSIDER/0002039939DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Kurt Lefevere

The morning brief, before the bell.