Form 4: Chart Industries VP, GC and Secretary Herbert Hotchkiss Reports Changes in Beneficial Ownership

Herbert Hotchkiss, VP, GC and Secretary of Chart Industries, reports acquisition of restricted share units and disposition of common stock.

Summary

• On May 21, 2024, Herbert Hotchkiss, VP, GC and Secretary of Chart Industries, reported changes in beneficial ownership.
• He acquired 948 shares of common stock at $0 per share.
• He disposed of 16,177 shares of common stock.
• These restricted share units were granted on May 21, 2024, pursuant to the Chart Industries, Inc. 2024 Omnibus Equity Plan in an exempt transaction under Rule 16b-3.
• Shares of Company common stock will be issued with respect to one-third (1/3) of the total number of shares on each of the first three anniversaries of the date of grant, subject to tax withholding requirements.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The grant of restricted stock is a positive sign, but the sale of shares is a slight negative.

Positives

• The grant of restricted share units aligns the executive's interests with the company's long-term performance.

Negatives

• The disposition of 16,177 shares could be perceived negatively by investors, although the reason for the sale is not disclosed.

Risks

• The value of the restricted share units is subject to the performance of Chart Industries' stock.

Future Outlook

The executive will receive shares of common stock over the next three years, contingent on continued service and subject to tax withholding.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The grant of restricted share units aligns management's interests with those of shareholders.

Next Steps

• The executive will receive shares of common stock on the anniversaries of the grant date.

Key Dates