Chart Industries (GTLS) director's 3,946 shares cashed out at $210
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chart Industries Inc. director Paul E. Mahoney reported a disposition of 3,946 common shares. In connection with the merger with Baker Hughes Company, these shares were automatically canceled and converted into the right to receive $210.00 in cash per share, leaving him with no remaining direct holdings.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mahoney Paul E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share | 3,946 | $210.00 | $829K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 3,946 shares
Merger consideration: $210.00 per share
Shares held after transaction: 0 shares
3 metrics
Shares disposed
3,946 shares
Common stock disposed to issuer on 2026-07-16 in merger
Merger consideration
$210.00 per share
Cash paid per share of Chart Common Stock at Effective Time
Shares held after transaction
0 shares
Direct holdings of Paul E. Mahoney following merger-related disposition
Key Terms
Agreement and Plan of Merger, Effective Time, Merger Consideration, Disposition to issuer
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, the shares of common stock were automatically canceled"
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
"converted into the right to receive a cash payment of $210.00 per share, 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.
Disposition to issuer financial
"Transaction code D is described as a Disposition to issuer of common stock"
FAQ
What insider transaction did Chart Industries (GTLS) report in this Form 4?
Chart Industries reported that director Paul E. Mahoney disposed of 3,946 shares of common stock. The disposition was a cancellation to the issuer in connection with a merger, rather than an open-market sale, leaving him with no direct holdings.
Was the Chart Industries (GTLS) insider transaction an open-market sale?
No. The Form 4 describes a Disposition to issuer, not an open-market sale. Mahoney's 3,946 shares were automatically canceled and converted into $210.00 per share cash consideration as part of the merger, rather than sold on the public market.