Chart Industries (NYSE: GTLS) director’s shares canceled for $210 cash per share
Rhea-AI Filing Summary
Chart Industries director David M. Sagehorn reported the disposition to the issuer of a total of 8,149 shares of common stock on July 16, 2026, including 7,849 shares held directly and 300 shares held by trust. Under a merger agreement among Baker Hughes Company, Tango Merger Sub, Inc. and Chart Industries, Inc., these shares were automatically canceled and converted into the right to receive $210.00 per share in cash, leaving no Chart Industries shares reported as held after the transaction.
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Insights
Analyzing...
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sagehorn David M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share | 7,849 | $210.00 | $1.65M |
| Disposition | Common stock, par value $0.01 per share | 300 | $210.00 | $63K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 0 shares (Direct);
Common stock, par value $0.01 per share — 0 shares (Indirect, By trust)
Footnotes (1)
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Key Figures
Shares disposed (direct): 7,849 shares
Shares disposed (by trust): 300 shares
Total shares disposed: 8,149 shares
+3 more
6 metrics
Shares disposed (direct)
7,849 shares
Common stock disposed to issuer on July 16, 2026, held directly by David M. Sagehorn
Shares disposed (by trust)
300 shares
Common stock disposed to issuer on July 16, 2026, held indirectly by trust
Total shares disposed
8,149 shares
Aggregate Chart Industries common stock canceled and converted to cash consideration under merger
Cash consideration per share
$210.00 per share
Merger Consideration for each share of Chart Industries common stock
Shares held after transaction (direct)
0 shares
Direct holdings of Chart Industries common stock following the issuer disposition
Shares held after transaction (indirect)
0 shares
Indirect holdings by trust following the issuer 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
"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.
Disposition to issuer financial
"Form 4 transaction code D has description "Disposition to issuer""
AI-generated analysis. How Rhea-AI works. Not financial advice.
