Chart Industries (NYSE: GTLS) chair cashed out 3,846 shares at $210 in merger
Rhea-AI Filing Summary
Chart Industries Inc. reported that Chair of the Board Andrew R. Cichocki disposed of 3,846 shares of common stock on July 16, 2026. In connection with a merger under an Agreement and Plan of Merger with Baker Hughes Company and Tango Merger Sub, Inc., these shares were automatically canceled and converted into the right to receive $210.00 in cash per share, leaving him with no directly held shares of Chart common stock.
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Insights
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CICHOCKI ANDREW R
Role
Chair of the Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share | 3,846 | $210.00 | $808K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (1)
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Key Figures
Shares disposed: 3,846 shares
Cash per share: $210.00 per share
Shares held after transaction: 0 shares
3 metrics
Shares disposed
3,846 shares
Common stock canceled and converted to cash on July 16, 2026
Cash per share
$210.00 per share
Merger Consideration for each share of Chart common stock
Shares held after transaction
0 shares
Direct holdings of Andrew R. Cichocki 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 as 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 reflects a Disposition to issuer of common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CHART INDUSTRIES INC (GTLS) report for Andrew R. Cichocki?
Andrew R. Cichocki, Chair of the Board, reported a disposition of common stock. On July 16, 2026, 3,846 shares of Chart Industries common stock were canceled in a merger and converted into the right to receive $210.00 per share in cash.
What merger is referenced in the GTLS Form 4 for Andrew R. Cichocki?
The transaction occurred pursuant to an Agreement and Plan of Merger among Baker Hughes Company, Tango Merger Sub, Inc., and Chart Industries, Inc. At the merger’s Effective Time, Chart common shares were canceled and converted into $210.00 per share in cash.