CEO Salary & Executive Compensation
Air Products APD
CEO: Seifi Ghasemi · Industrial Gases · 21,900 employees
Seifi Ghasemi, CEO of Air Products (APD), earned $8.0M in total compensation in 2025. Air Products receives a Pay-for-Performance grade of C (60/100), with a CEO-to-worker pay ratio of 114:1 and a say-on-pay shareholder approval of 92.6%. The company's 3-year total shareholder return is -4.0%.
How Air Products CEO Pay Compares
Seifi Ghasemi's $8.0M total compensation is 33% below the Industrial Gases industry median of $12.0M. The 114:1 CEO-to-worker pay ratio is 20% lower than the industry average of 143:1.
Seifi Ghasemi, CEO of Air Products (APD), received $8.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio runs 114x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been muted across the three-year window: -4.0% TSR, -2.3% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Shareholders supported the compensation package at 93% on the most recent say-on-pay vote. Solid support without overwhelming endorsement is the typical pattern for established public companies with conventional compensation programs. Air Products operates in Industrial Gases with 21,900 employees and $12.6B in annual revenue, and currently carries a market capitalization of $65.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Air Products (APD).
Compensation Breakdown
Seifi Ghasemi's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
More Industrial Gases Companies
Seifi Ghasemi, CEO of Air Products (APD), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Seifi Ghasemi, CEO of Air Products (APD), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Air Products has a Pay-for-Performance Score of C (60/100). The company's 3-year total shareholder return is -4.0%, and the say-on-pay shareholder vote passed with 92.6% approval.
The CEO-to-median-worker pay ratio at Air Products is 114:1. The median worker at Air Products earns $70K per year, while CEO Seifi Ghasemi earns $8.0M in total compensation.
Air Products employs approximately 21,900 people. The company operates in the Industrial Gases industry within the Materials sector, generating $12.6B in annual revenue.