Chart Industries (NYSE: GTLS) president surrenders 143 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chart Industries president Gerald F. Vinci reported a routine tax-related share disposition. He surrendered 143 shares of common stock at $208.29 per share to satisfy tax withholding liabilities in an exempt transaction under Rule 16b-3. After this, he holds 27,024 shares directly and 475 shares indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vinci Gerald F
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 143 | $208.29 | $30K |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 27,024 shares (Direct, null);
Common stock, par value $0.01 per share — 475 shares (Indirect, By spouse)
Footnotes (1)
- [object Object]
Key Figures
Shares surrendered for taxes: 143 shares
Price per share for tax withholding: $208.29 per share
Direct holdings after transaction: 27,024 shares
+1 more
4 metrics
Shares surrendered for taxes
143 shares
Tax-withholding disposition under Rule 16b-3
Price per share for tax withholding
$208.29 per share
Value of surrendered shares
Direct holdings after transaction
27,024 shares
Common stock held directly by Gerald F. Vinci
Indirect holdings by spouse
475 shares
Common stock held indirectly through spouse
Key Terms
tax withholding liabilities, Rule 16b-3, indirect ownership, Common stock, par value $0.01 per share
4 terms
tax withholding liabilities financial
"The reporting person surrendered 143 shares to satisfy tax withholding liabilities in an exempt transaction"
Rule 16b-3 regulatory
"to satisfy tax withholding liabilities in an exempt transaction under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
indirect ownership financial
"total shares following transaction 475.0000, direct_or_indirect I, nature_of_ownership By spouse"
FAQ
What insider transaction did Chart Industries (GTLS) report for Gerald F. Vinci?
Chart Industries president Gerald F. Vinci surrendered 143 common shares to cover tax withholding liabilities. The shares were valued at $208.29 each, and the disposition was classified as an exempt transaction under Rule 16b-3, not an open-market sale.
What does the F transaction code mean in the Chart Industries (GTLS) Form 4?
The F code indicates shares were disposed of to pay exercise price or tax liabilities. In this case, 143 shares were surrendered solely to cover tax withholding obligations under Rule 16b-3, which is treated as an exempt, non-market transaction for reporting purposes.