Chart Industries (GTLS) director exits 3,446 shares in Baker Hughes merger
Rhea-AI Filing Summary
Chart Industries director Spencer S. Stiles reported a disposition of 3,446 shares of common stock on 2026-07-16. Under an Agreement and Plan of Merger with Baker Hughes Company, these shares were automatically canceled at the Effective Time and converted into the right to receive $210.00 per share in cash. Following the transaction, Stiles holds no Chart common stock directly.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stiles Spencer S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common stock, par value $0.01 per share | 3,446 | $210.00 | $724K |
Holdings After Transaction:
Common stock, par value $0.01 per share — 0 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 3,446 shares
Cash per share: $210.00
Shares owned after: 0 shares
+1 more
4 metrics
Shares disposed
3,446 shares
Common stock disposed to issuer on 2026-07-16 under merger terms
Cash per share
$210.00
Cash Merger Consideration per share of Chart Common Stock
Shares owned after
0 shares
Direct Chart Industries common stock held by Spencer S. Stiles following the transaction
Merger Agreement date
July 28, 2025
Date of Agreement and Plan of Merger among Baker Hughes, Tango Merger Sub and Chart Industries
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 (as defined in the Merger Agreement), the shares of common stock"
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
"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
"transaction_code_description": "Disposition to issuer""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Chart Industries (GTLS) director Spencer S. Stiles report?
Spencer S. Stiles reported a disposition of 3,446 shares of Chart Industries common stock. The shares were automatically canceled under a merger with Baker Hughes and converted into the right to receive $210.00 per share in cash.
Does Spencer S. Stiles hold any Chart Industries (GTLS) stock after this transaction?
After the merger-related disposition, Spencer S. Stiles directly holds 0 shares of Chart Industries common stock. All 3,446 previously held shares were canceled at the Effective Time and converted into cash consideration under the Merger Agreement.
Was the Chart Industries (GTLS) insider transaction an open-market sale?
No. The filing describes a disposition to the issuer tied to a merger, not an open-market sale. Shares were automatically canceled and converted into the right to receive $210.00 per share in cash under the Agreement and Plan of Merger.