|4Feb 26, 4:48 PM ET

Belling Joseph A 4

Research Summary

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Chart Industries CTO Joseph Belling Receives Award, Surrenders 331 Shares

What Happened

  • Joseph A. Belling, Chief Technology Officer of Chart Industries (GTLS), received 1,034 shares on 2026-02-24 as the payout of vested performance units and simultaneously surrendered 331 of those shares to satisfy tax withholding obligations. The 331 surrendered shares were recorded at $207.58 each, totaling $68,709. The acquisition was recorded at $0.00 per share (awarded/vested).

Key Details

  • Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely).
  • Award/acquisition: 1,034 shares (code A) at $0.00 — represents vested performance units granted Jan 3, 2023.
  • Tax withholding/disposition: 331 shares (code F) at $207.58 each, proceeds equivalent to $68,709; these shares were surrendered to cover withholding.
  • Net effect: +703 shares (1,034 awarded − 331 withheld) added to Belling’s holdings from this vesting event.
  • Footnotes: F1 confirms the shares are vested performance units from the 2017 Omnibus Equity Plan; F2 notes the 331-share surrender was an exempt transaction under Rule 16b-3 to satisfy tax withholding.
  • Shares owned after the transaction were not specified in the filing.

Context

  • This was a routine vesting and tax-withholding event, not an open-market purchase or voluntary sale. Surrendering shares to cover taxes (a cashless withholding) is common and does not necessarily indicate a change in insider sentiment. The filing appears timely under Form 4 reporting rules.