Form 4: Chart Industries Executive Reports Stock Transactions

Mark Durham, Chief Accounting Officer at Chart Industries, reported transactions involving performance units and common stock, including the settlement of tax liabilities.

Summary

• Mark Durham, Chief Accounting Officer of Chart Industries Inc. (GTLS), reported a transaction on April 1, 2026.
• He acquired 689 shares of common stock valued at $0, which were performance units granted on April 3, 2023, under the company's 2017 Omnibus Equity Plan, and have now vested and been paid out.
• Following this, he beneficially owns 3,526 shares of common stock directly.
• Additionally, 345 shares were surrendered to satisfy tax withholding liabilities in an exempt transaction under Rule 16b-3, resulting in a direct beneficial ownership of 3,181 shares of common stock.
• The transaction code for the acquisition was 'A' and for the surrender was 'F'.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine executive stock transactions and the settlement of tax obligations, rather than significant strategic or financial developments.

Positives

• Vesting and payout of performance units indicates successful achievement of performance targets tied to the equity plan.
• The settlement of tax liabilities through share surrender is a common and efficient practice for executives.

Negatives

• The surrender of 345 shares to cover tax withholding represents a reduction in the executive's direct shareholding.

Risks

• The filing does not explicitly mention any new risks or challenges.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Management Comments

• The reporting person, Mark Durham, has authorized Gregory J. Dziak as his attorney-in-fact to sign the statement.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for executives and directors, providing transparency into insider stock transactions. The vesting of performance units is a common component of executive compensation in the industrial sector, reflecting alignment with company performance.

Stakeholder Impact

• Shareholders gain transparency into executive compensation realization and potential share dilution from equity awards.
• Employees may observe the alignment of executive incentives with company performance through the vesting of performance units.

Next Steps

• Continued monitoring of executive stock transactions for insights into insider confidence and compensation plan effectiveness.

Key Dates

Keywords

Chart Industries, GTLS, Form 4, SEC Filing, Stock Transaction, Performance Units, Executive Compensation, Tax Withholding, Beneficial Ownership, Common Stock