Form 4: Chart Industries Director Linda Harty Reports Acquisition of Depositary Shares

Director Linda Harty reports purchasing 5,000 Depositary Shares of Chart Industries, along with holding 10,640 shares of common stock.

Summary

• On September 16, 2024, Linda Harty, a director of Chart Industries, Inc., reported the acquisition of 5,000 Depositary Shares at a price of $48.0459 per share.
• Following the transaction, Harty directly owns 5,000 Depositary Shares and 10,640 shares of common stock.
• The Depositary Shares each represent 1/20th of a share of the Company's 6.75% Series B Mandatory Convertible Preferred Stock.
• The Mandatory Convertible Preferred Stock converts into common stock on the mandatory conversion date, with the conversion rate dependent on the market value of the common stock.
• The conversion rate will be between 7.0520 and 8.4620 shares of Common Stock per share of Mandatory Convertible Preferred Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's transaction. The purchase could be seen as slightly positive, but without further context, it's difficult to gauge the overall impact.

Positives

• The director's purchase of depositary shares could be interpreted as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The conversion rate of the Mandatory Convertible Preferred Stock depends on the future market value of Chart Industries' common stock.

Industry Context

Directors' transactions are closely watched by investors as they can provide insights into the company's prospects and management's confidence.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates