Form 4: Chart Industries Chair Receives Equity Grant
Insider Ownership Change
Andrew R. Cichocki, Chair of the Board at Chart Industries Inc., received a grant of 193 shares of common stock on January 2, 2026, increasing his direct beneficial ownership to 3,462 shares.
Summary
- Andrew R. Cichocki, Chair of the Board and a Director of Chart Industries Inc. (GTLS), acquired 193 shares of common stock.
- The transaction occurred on January 2, 2026, as an exempt grant pursuant to the terms of a stock award agreement under the Chart Industries, Inc. 2024 Omnibus Equity Plan.
- These shares were granted at a price of $0 and are deferred under the stock award agreement until a future date.
- Following this transaction, Mr. Cichocki directly beneficially owns 3,462 shares of Chart Industries common stock.
Sentiment
Score: 6
Explanation: The filing reports a routine insider equity grant, which is generally viewed as a neutral to slightly positive event as it aligns management incentives with shareholder interests, but does not provide new operational or financial performance data.
Positives
- An insider, the Chair of the Board, increased their beneficial ownership, which can signal confidence in the company's future.
- The grant was made under the company's 2024 Omnibus Equity Plan, aligning management incentives with shareholder interests.
Future Outlook
The filing indicates that the granted shares are deferred until a future date, implying a long-term incentive structure for the Chair of the Board.
Industry Context
This routine insider transaction reflects standard executive compensation practices within the industrial manufacturing sector, particularly for companies like Chart Industries involved in specialized equipment for clean energy and industrial gas applications.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Plan Utilization | The grant was made under the Chart Industries, Inc. 2024 Omnibus Equity Plan, demonstrating the ongoing use of the plan for executive compensation. | 01/02/2026 | Aligns executive incentives with long-term shareholder value creation. |
Related Party Transactions
- Grant of 193 shares of common stock to Andrew R. Cichocki, Chair of the Board, under the company's 2024 Omnibus Equity Plan.
Stakeholder Impact
- Shareholders: Minor positive impact as increased insider ownership can signal confidence and better alignment of interests.
- Management: The equity grant serves as an incentive and compensation component for the Chair of the Board.
Next Steps
- The deferred shares will be released to Andrew R. Cichocki at a future date as per the stock award agreement.
Key Dates
| Date | Description |
|---|---|
| 01/02/2026 | Date of grant of 193 shares of common stock to Andrew R. Cichocki under the 2024 Omnibus Equity Plan. |
| 01/06/2026 | Date the Form 4 filing was signed and submitted. |
Keywords
Chart Industries, GTLS, Form 4, Insider Transaction, Stock Grant, Equity Plan, Andrew R. Cichocki, Beneficial Ownership, Corporate Governance
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