Chart Industries CAO equity cashed out in merger
Mark Durham, Chief Accounting Officer of Chart Industries, disposed of his remaining Chart equity in connection with the Baker Hughes merger.
Rhea-AI Filing Summary
Mark Durham, Chief Accounting Officer of Chart Industries, disposed of his remaining Chart equity in connection with the Baker Hughes merger. On July 16, 2026, 3,074 shares of Chart common stock were canceled and converted into the right to receive $210.00 per share in cash. In addition, 1,895 restricted stock units were settled, with 845 units converted into a cash right at the same Merger Consideration and 1,050 units converted into Baker Hughes restricted stock units, leaving him with no Chart securities outstanding.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Disposition: 4,969 shares
Disposition
2 txns
Insider
Durham Mark
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 1,895 | -- | -- |
| Disposition | Common stock, par value $0.01 per share F1 | 3,074 | $210.00 | $646K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (2)
- F1. Pursuant to that certain Agreement and Plan of Merger, dated as of July 28, 2025 (the "Merger Agreement"), by and among Baker Hughes Company, Tango Merger Sub, Inc. and Chart Industries, Inc. (the "Company"), at the Effective Time (as defined in the Merger Agreement), the shares of common stock (the "Chart Common Stock") were automatically canceled and converted into the right to receive a cash payment of $210.00 per share of Chart Common Stock (the "Merger Consideration").
- F2. Pursuant to the Merger Agreement, (i) 845 time-vesting Chart restricted stock units (each a "Chart RSU") held by the reporting person that were granted prior to the date of the Merger Agreement fully vested and were converted into a right to receive an amount in cash equal to the Merger Consideration; and (ii) 1,050 Chart RSUs granted on or after the date of the Merger Agreement were converted into the right to receive a Baker Hughes restricted stock unit with respect to a number of shares equal to the product of (x) the number of shares of Chart Common Stock subject to such Chart RSU, including any unpaid dividends or dividend equivalents, and (y) an equity award exchange ratio based on the Merger Consideration, in each case determined in accordance with the Merger Agreement.
Key Figures
Common shares disposed: 3,074 shares
Merger Consideration per share: $210.00 per share
RSUs canceled or converted: 1,895 units
+2 more
5 metrics
Common shares disposed
3,074 shares
Disposition to issuer in merger on July 16, 2026 at $210.00 per share
Merger Consideration per share
$210.00 per share
Cash paid for each share of Chart Common Stock at the Effective Time
RSUs canceled or converted
1,895 units
Restricted stock units disposed to issuer and converted under the Merger Agreement
RSUs vested for cash
845 units
Time-vesting Chart RSUs converted into a cash right equal to the Merger Consideration
RSUs converted to Baker Hughes RSUs
1,050 units
Chart RSUs granted on or after Merger Agreement date exchanged into Baker Hughes RSUs
Key Terms
Agreement and Plan of Merger, Merger Consideration, Restricted Stock Units, equity award exchange ratio
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to that certain Agreement and Plan of Merger, dated as of July 28, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"converted into the right to receive a cash payment of $210.00 per share of Chart Common Stock"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
Restricted Stock Units financial
"845 time-vesting Chart restricted stock units held by the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity award exchange ratio financial
"a number of shares equal to the product of an equity award exchange ratio"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chart Industries (GTLS) report for Mark Durham?
Mark Durham reported a disposition of all remaining Chart equity tied to the Baker Hughes merger. He had 3,074 common shares canceled for cash and 1,895 restricted stock units settled or converted, resulting in no remaining Chart securities.
What happened to Mark Durham’s Chart Industries (GTLS) restricted stock units?
Durham had 1,895 restricted stock units settled. Footnotes state 845 time-vesting RSUs vested and became a cash right at the Merger Consideration, while 1,050 RSUs were converted into Baker Hughes restricted stock units using an equity award exchange ratio.
Does Mark Durham hold any Chart Industries (GTLS) equity after the Baker Hughes merger?
Following these transactions, Durham’s reported holdings in Chart securities are zero. His 3,074 common shares and 1,895 restricted stock units show 0.0000 remaining, though some RSUs were converted into Baker Hughes restricted stock units under the merger terms.
How is the Baker Hughes and Chart Industries (GTLS) merger reflected in Mark Durham’s equity awards?
The merger converted Durham’s Chart equity into cash and Baker Hughes awards. Common shares became a cash right at $210.00 per share, while certain RSUs vested for cash and others were exchanged into Baker Hughes restricted stock units per the equity award exchange ratio.
AI-generated analysis. How Rhea-AI works. Not financial advice.
