Hotchkiss Herbert 4

What Happened

Herbert Hotchkiss, Vice President, General Counsel and Secretary of Chart Industries (GTLS), received 1,242 shares on 2026-02-24 as a payout of vested performance units (reported as an award/acquisition at $0.00). To satisfy tax withholding on the award, 374 of those shares were surrendered (disposed) at $207.58 per share, totaling $77,635.

Key Details

• Transaction dates: 2026-02-24 (reported on Form 4 filed 2026-02-26).
• Award: 1,242 shares reported as acquired at $0.00 (vesting payout of performance units granted 2023-01-03).
• Tax withholding: 374 shares surrendered at $207.58/share = $77,635 withheld (reported as disposition for tax withholding).
• Footnotes: The shares came from performance units granted under the 2017 Omnibus Equity Plan; the 374-share surrender was done in an exempt transaction under Rule 16b-3 to cover taxes.
• Filing timeliness: Form 4 was filed two days after the transaction date (timely under Form 4 rules).

Context

This was not an open-market sale or a purchase — it reflects a routine equity award vesting and the common practice of surrendering shares to satisfy tax withholding. Such withholding transactions are administrative and do not necessarily indicate insider sentiment about the stock.