Form 4: Chart Industries Director Receives Equity Grant Under 2024 Omnibus Plan
Insider Transaction Report
Chart Industries, Inc. Director David M. Sagehorn was granted 246 shares of common stock on July 1, 2025, as part of the company's 2024 Omnibus Equity Plan.
Summary
- David M. Sagehorn, a Director of 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 a stock award rather than a purchase.
- The grant was made pursuant to the terms of a stock award agreement under the Chart Industries, Inc. 2024 Omnibus Equity Plan.
- Following this transaction, David M. Sagehorn directly beneficially owns 7,073 shares and indirectly owns 300 shares through a trust.
Sentiment
Score: 6
Explanation: The filing reports a routine equity grant to a director, which is a positive for aligning interests but not a significant market-moving event.
Positives
- The grant of 246 shares to Director David M. Sagehorn aligns management's interests with shareholders, as the shares were granted under the company's 2024 Omnibus Equity Plan.
Negatives
- None identified in this filing.
Risks
- No specific risks are detailed in this Form 4 filing, which primarily reports insider transactions.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Management Comments
- No direct management comments or quotes are included in this Form 4 filing.
Industry Context
This Form 4 filing reports an individual insider transaction and does not provide broader industry context.
Comparison to Industry Standards
- This Form 4 filing reports an individual insider transaction and does not provide data for comparison to industry standards or benchmarks.
Related Party Transactions
- The grant of 246 shares to Director David M. Sagehorn under the Chart Industries, Inc. 2024 Omnibus Equity Plan constitutes a related party transaction.
Stakeholder Impact
- Shareholders: The equity grant aligns the director's interests with shareholders, potentially fostering long-term value creation.
- Management/Employees: Reflects standard compensation practices for board members.
Next Steps
- No specific future actions or milestones are mentioned in this Form 4 filing.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of transaction: Grant of 246 shares of common stock to David M. Sagehorn. |
| 07/03/2025 | Date the Form 4 was signed by David M. Sagehorn's attorney-in-fact. |
Keywords
Chart Industries, GTLS, SEC Form 4, Insider Transaction, Equity Grant, Stock Award, Director Compensation, Omnibus Equity Plan
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