Form 4: Chart Industries Board Chair Receives Equity Grant Under 2024 Omnibus Plan

Andrew R. Cichocki, Chair of the Board at Chart Industries Inc., was granted 246 shares of common stock as part of the company's 2024 Omnibus Equity Plan.

Summary

• Andrew R. Cichocki, who serves as Director and Chair of the Board for Chart Industries Inc. (GTLS), acquired 246 shares of common stock.
• The transaction occurred on July 1, 2025.
• These shares were granted at a price of $0, indicating an equity award rather than a cash purchase.
• The grant was made pursuant to the terms of a stock award agreement under the Chart Industries, Inc. 2024 Omnibus Equity Plan.
• The shares are deferred under the stock award agreement until a future date.
• Following this reported transaction, Andrew R. Cichocki directly beneficially owns 3,070 shares of common stock.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a key executive, which is a positive for aligning interests but does not indicate significant new operational or financial developments that would dramatically alter sentiment.

Positives

• The grant of 246 shares to the Chair of the Board, Andrew R. Cichocki, aligns management's interests with those of shareholders, promoting long-term value creation.
• The transaction is part of the Chart Industries, Inc. 2024 Omnibus Equity Plan, indicating a structured and pre-approved approach to executive compensation.

Negatives

• NA

Risks

• NA

Future Outlook

The granted shares are deferred under the stock award agreement until a future date, indicating a future vesting or release event for these securities.

Industry Context

This transaction represents a routine equity grant to a senior executive, a common practice across industries to incentivize and retain key management by aligning their financial interests with company performance and long-term strategic goals.

Comparison to Industry Standards

• The grant of equity to a board chair is a standard practice in corporate governance, comparable to compensation structures seen in other publicly traded industrial companies like Honeywell (HON) or General Electric (GE), where performance-based equity awards are common components of executive compensation packages designed to align executive and shareholder interests.

Related Party Transactions

• The transaction involves an equity grant from Chart Industries Inc. to Andrew R. Cichocki, who serves as the Chair of the Board and an Officer of the company, making it a related party transaction.

Stakeholder Impact

• Shareholders: The grant aligns the interests of the Chair of the Board with those of shareholders, potentially encouraging long-term value creation and commitment to the company's performance.

Next Steps

• The granted shares are deferred until a future date, implying a future vesting or release event as per the stock award agreement.

Key Dates

Keywords

Chart Industries Inc., GTLS, Andrew R. Cichocki, SEC Form 4, Insider Transaction, Equity Grant, Stock Award, Executive Compensation, Director Compensation