Chart CFO equity converted at $210 per share
Chart Industries VP & Chief Financial Officer Joseph Robert Brinkman reported dispositions of 15,676 shares of common stock and multiple equity awards on July 16, 2026.
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Form Type
4
Rhea-AI Filing Summary
Chart Industries VP & Chief Financial Officer Joseph Robert Brinkman reported dispositions of 15,676 shares of common stock and multiple equity awards on July 16, 2026. Under the Agreement and Plan of Merger with Baker Hughes Company, Chart stock was automatically canceled and converted into the right to receive $210.00 per share or equivalent consideration, leaving no reported direct holdings of these Chart securities.
Insider Trade Summary
Disposition: 27,271 shares
Disposition
4 txns
Insider
Brinkman Joseph Robert
Role
VP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) F2 | 2,120 | -- | -- |
| Disposition | Restricted Stock Units F3 | 6,662 | -- | -- |
| Disposition | Performance Stock Units F4 | 2,813 | -- | -- |
| Disposition | Common stock, par value $0.01 per share F1 | 15,676 | $210.00 | $3.29M |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 options (Direct);
Restricted Stock Units — 0 units (Direct);
Performance Stock Units — 0 units (Direct);
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (4)
- 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, each Chart stock option (each a "Chart Stock Option") held by the reporting person, whether or not vested, was converted into a right to receive an amount in cash equal to the product of (x) the number of shares of Chart Common Stock subject to such Chart Stock Option immediately prior to the Effective Time and (y) the excess, if any, of the Merger Consideration over the applicable exercise price.
- F3. Pursuant to the Merger Agreement, (i) 2,542 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) 4,120 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.
- F4. Pursuant to the Merger Agreement, each restricted stock unit that was subject to performance-based vesting conditions (each, a "Chart PSU") held by the reporting person vested pro-rata based on the number of full months completed in the applicable performance period prior to the Effective Time in accordance with the underlying award agreement and was converted into a right to receive an amount in cash equal to the product of (x) the number of shares of Chart Common Stock subject to such Chart PSU immediately prior to the Effective Time with the level of performance deemed to be satisfied at the target level of performance and (y) the Merger Consideration, and the remaining unvested portion of each such Chart PSU that did not accelerate and vest was canceled and converted into the right to receive a separate cash-based award in accordance with the Merger Agreement.
Key Figures
Common shares disposed: 15,676 shares
Merger Consideration: $210.00 per share
Performance Stock Units disposed: 2,813 units
+3 more
6 metrics
Common shares disposed
15,676 shares
Disposition to issuer at merger Effective Time for $210.00 per share Merger Consideration
Merger Consideration
$210.00 per share
Cash paid per share of Chart Common Stock under the Merger Agreement
Performance Stock Units disposed
2,813 units
Performance-based restricted stock units (Chart PSUs) disposed in connection with the merger
Restricted Stock Units disposed
6,662 units
Chart RSUs either vested for cash at $210.00 or converted into Baker Hughes RSUs per Merger Agreement
Stock options disposed
2,120 options
Chart stock options converted into cash rights based on $210.00 less the applicable exercise price, if any
Derivative transactions reported
3
Number of derivative equity award dispositions (PSUs, RSUs, options) reported for the officer
Key Terms
Agreement and Plan of Merger, Merger Consideration, Chart Stock Option, equity award exchange ratio, +1 more
5 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 (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 Stock Option financial
"each Chart stock option (each a "Chart Stock Option") held by the reporting person"
equity award exchange ratio financial
"an equity award exchange ratio based on the Merger Consideration, in each case determined"
cash-based award financial
"remaining unvested portion of each such Chart PSU ... was canceled and converted into the right to receive a separate cash-based award"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GTLS VP & CFO Joseph Brinkman report in this Form 4?
He reported dispositions of all reported Chart equity, including common shares and awards, on July 16, 2026. These transactions occurred under the Baker Hughes merger, where Chart stock and related awards were canceled or converted into cash and replacement equity per the Merger Agreement.
How is the Baker Hughes and Chart Industries (GTLS) merger reflected in this insider filing?
The filing shows that, at the Effective Time of the Agreement and Plan of Merger, Chart common stock and equity awards were automatically canceled or converted. Holders received cash at $210.00 per share or Baker Hughes equity-based awards, consistent with the Merger Agreement terms.
What happened to Joseph Brinkman’s PSUs and RSUs in the GTLS merger?
His performance stock units and restricted stock units were disposed of in issuer transactions tied to the merger. PSUs vested pro‑rata at target performance and converted to cash, while certain RSUs vested for cash and others converted into Baker Hughes restricted stock units via an equity award exchange ratio.
What treatment did Brinkman’s Chart stock options receive in the GTLS merger?
Each Chart stock option was converted into a right to receive cash equal to the number of shares underlying the option times the excess, if any, of the $210.00 Merger Consideration over the option’s exercise price, in line with the Merger Agreement provisions.
Does the GTLS Form 4 show any remaining Chart holdings for the CFO after the merger?
For each reported security, total holdings after the transaction are shown as zero. That indicates no direct holdings of the reported Chart common stock, performance stock units, restricted stock units, or options remain following the merger-related cancellations and conversions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
