CTO at Chart Industries (NYSE: GTLS) surrenders shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chart Industries Chief Technology Officer Joseph A. Belling surrendered 102 shares of common stock at $208.29 per share to cover tax withholding obligations in an exempt transaction under Rule 16b-3. After this tax-withholding disposition, he directly holds 15,731 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Belling Joseph A
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 102 | $208.29 | $21K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 15,731 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares surrendered for taxes: 102 shares
Implied share value: $208.29 per share
Shares held after transaction: 15,731 shares
3 metrics
Shares surrendered for taxes
102 shares
Tax-withholding disposition under Rule 16b-3
Implied share value
$208.29 per share
Value used for 102-share tax withholding
Shares held after transaction
15,731 shares
Direct holdings following Form 4 transaction
Key Terms
Rule 16b-3, tax withholding liabilities, Chief Technology Officer
3 terms
Rule 16b-3 regulatory
"in an exempt transaction under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding liabilities financial
"surrendered 102 shares to satisfy tax withholding liabilities"
Chief Technology Officer financial
"Chief Technology Officer Joseph A. Belling surrendered 102 shares"
The chief technology officer is the senior executive who sets a company's technology vision and oversees development, engineering, and technical operations—think of them as the lead architect and head mechanic who decides what tools the business builds and how they run. Their choices affect product direction, cost structure, cybersecurity and scalability, so investors watch the CTO to gauge a company’s ability to innovate, compete and manage technical risk.
FAQ
What insider transaction did Chart Industries (GTLS) report for Joseph A. Belling?
Chart Industries reported that Chief Technology Officer Joseph A. Belling surrendered 102 shares of common stock to cover tax withholding liabilities. This was an exempt transaction under Rule 16b-3, meaning it was not an open-market buy or sell.
What does Rule 16b-3 exemption mean in the Chart Industries Form 4?
The Rule 16b-3 exemption means the share surrender was for administrative purposes, not trading. In this case, Joseph A. Belling’s 102-share disposition covered tax withholding on equity compensation and was exempt from certain short-swing profit rules.