In two transactions on Wednesday, Seifi Ghasemi, CEO of Air Products & Chemicals Inc. of Trexlertown, bought 27,000 common stock shares of the company for $4.09m, according to a filing with the US Securities and Exchange Commission.
He now owns 169,171 shares for a total value of $26.39m based on this morning’s trading price of $155.99.
Ghasemi began his role as the new chairman, president and CEO of the company on 1st July and in September announced global restructuring plans that included job cuts and reorganising the company into seven reporting sectors as a way to regain industry leadership.
As a sign of global market expansion, Air Products announced Thursday it is joining with a Japanese high-pressure gas company to design, build and operate hydrogen fuelling stations to power the material handling vehicle market in Japan.
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