Harty Linda S 4
Research Summary
AI-generated summary
Chart Industries (GTLS) Director Linda Harty Receives Cash in Merger
What Happened
- Director Linda S. Harty reported a disposition to the issuer: 14,742 shares were converted at $210.00 per share for total cash proceeds of $3,095,820. The transaction resulted from the merger of Chart Industries into Baker Hughes, under which each Chart share was cancelled and converted into $210.00 in cash.
Key Details
- Transaction date: 2026-07-16
- Price per share: $210.00; Total value: $3,095,820
- Shares owned after transaction: Not reported in the filing
- Footnote: Per the Merger Agreement dated July 28, 2025, Chart common stock was automatically canceled at the Effective Time and converted into the cash merger consideration of $210.00 per share.
- Filing timeliness: Reported on 2026-07-16 (no late filing indicated)
Context
- This was a disposition to the issuer as part of the merger cash-out—not an open-market sale—so it reflects the merger consideration rather than a trading decision by the director.
- For retail investors, merger-related cash conversions are routine corporate actions and do not necessarily signal the insider’s view of the company’s future performance.