Chart Industries (NYSE: GTLS) director stock canceled for $210 cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHART INDUSTRIES INC director Paula Harris reported the disposition of 4,479 shares of common stock on 2026-07-16. Under a merger involving Baker Hughes Company, these shares were automatically canceled and converted into the right to receive $210.00 in cash per share.
After this merger-related issuer disposition, Harris reported holding 0 shares of Chart Industries common stock directly.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Paula
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share | 4,479 | $210.00 | $941K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (1)
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Key Figures
Shares disposed: 4,479 shares
Merger consideration per share: $210.00 per share
Post-transaction holdings: 0 shares
+1 more
4 metrics
Shares disposed
4,479 shares
Common stock disposed to issuer in merger on 2026-07-16
Merger consideration per share
$210.00 per share
Cash paid for each share of Chart Common Stock at the Effective Time under the Merger Agreement
Post-transaction holdings
0 shares
Direct Chart Industries common stock holdings reported after the disposition
Transaction date
2026-07-16
Date of issuer disposition related to the Baker Hughes merger
Key Terms
Agreement and Plan of Merger, Effective Time, Merger Consideration, Chart Common Stock
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.
Effective Time regulatory
"at the Effective Time (as defined in the Merger Agreement), the shares of common stock"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
Merger Consideration financial
"to receive a cash payment of $210.00 per share of Chart Common Stock (the "Merger Consideration")"
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.
Chart Common Stock financial
"the shares of common stock (the "Chart Common Stock") were automatically canceled"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Paula Harris report in Chart Industries (GTLS) Form 4?
Director Paula Harris reported an issuer disposition of 4,479 shares of Chart Industries common stock. The shares were canceled in connection with a merger and converted into the right to receive $210.00 in cash per share as merger consideration.
What are Paula Harris’s Chart Industries (GTLS) holdings after this transaction?
Following the issuer disposition tied to the merger, Paula Harris reported 0 shares of Chart Industries common stock held directly. The Form 4 lists “total shares following transaction” as 0.0000, indicating no remaining direct ownership position.
Was this an open-market sale of GTLS stock by Paula Harris?
No. The Form 4 uses transaction code D, a disposition to issuer, not an open-market sale. Harris’s shares were automatically canceled at the merger’s Effective Time and converted into a cash right of $210.00 per share.