Mahoney Paul E 4
Research Summary
AI-generated summary
Chart Industries (GTLS) Director Paul Mahoney Cashes Out 3,946 Shares
What Happened
Paul E. Mahoney, a director of Chart Industries (GTLS), recorded a disposition to the issuer on July 16, 2026: 3,946 shares were converted at $210.00 per share for total consideration of $828,660. This was not an open‑market sale but a cash payment tied to the company’s merger agreement.
Key Details
- Transaction date: 2026-07-16; price per share: $210.00; total proceeds: $828,660.
- Transaction type/code: Disposition to issuer (D) — shares were canceled and converted into cash under the Merger Agreement.
- Footnote: Per the Merger Agreement dated July 28, 2025, Chart common shares were automatically cancelled at the Effective Time and converted into the right to receive $210.00 per share (Merger Consideration).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Reported on 2026-07-16 (period of report same date), indicating a timely Form 4 filing.
Context
This is a merger-related cash-out (conversion of shares into merger consideration), not a routine insider sale on the open market. For retail investors, merger cash-outs reflect deal terms rather than the insider’s trading intent; purchases generally convey stronger positive signals than dispositions tied to corporate transactions.