CHART INDUSTRIES INC. DEF 14A Filing

Ticker: GTLS · Form: DEF 14A · Filed: Apr 10, 2024 · CIK: 892553

Chart Industries INC DEF 14A Filing Summary
FieldDetail
CompanyChart Industries INC (GTLS)
Form TypeDEF 14A
Filed DateApr 10, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, CHART INDUSTRIES INC, GTLS, Executive Compensation, Stock Awards

TL;DR

<b>CHART INDUSTRIES INC. files DEF 14A detailing executive compensation and stock award data for fiscal years 2020-2023.</b>

AI Summary

CHART INDUSTRIES INC (GTLS) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. This DEF 14A filing by CHART INDUSTRIES INC. (GTLS) was submitted on April 10, 2024. The filing covers the period ending May 21, 2024. The company's principal executive offices are located at 2200 Airport Industrial Drive, Suite #100, Ball Ground, GA 30107. The filing includes data related to stock awards granted and vested for fiscal years 2020 through 2023. Specific data points include grant date fair value, fair value at vesting, and change in fair value of stock awards.

Why It Matters

For investors and stakeholders tracking CHART INDUSTRIES INC, this filing contains several important signals. This filing provides detailed information on executive compensation, specifically focusing on stock awards, which is crucial for shareholders to understand how management is incentivized. Shareholders can use this DEF 14A filing to evaluate the company's governance practices and the alignment of executive interests with those of the shareholders.

Risk Assessment

Risk Level: low — CHART INDUSTRIES INC shows low risk based on this filing. The filing is a routine DEF 14A, which typically contains standard disclosures about executive compensation and shareholder matters, posing no immediate new risks.

Analyst Insight

Review the executive compensation details and stock award valuations to assess management's alignment with shareholder interests.

Key Numbers

Key Players & Entities

FAQ

When did CHART INDUSTRIES INC file this DEF 14A?

CHART INDUSTRIES INC filed this Proxy Statement (DEF 14A) with the SEC on April 10, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CHART INDUSTRIES INC (GTLS).

Where can I read the original DEF 14A filing from CHART INDUSTRIES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CHART INDUSTRIES INC.

What are the key takeaways from CHART INDUSTRIES INC's DEF 14A?

CHART INDUSTRIES INC filed this DEF 14A on April 10, 2024. Key takeaways: This DEF 14A filing by CHART INDUSTRIES INC. (GTLS) was submitted on April 10, 2024.. The filing covers the period ending May 21, 2024.. The company's principal executive offices are located at 2200 Airport Industrial Drive, Suite #100, Ball Ground, GA 30107..

Is CHART INDUSTRIES INC a risky investment based on this filing?

Based on this DEF 14A, CHART INDUSTRIES INC presents a relatively low-risk profile. The filing is a routine DEF 14A, which typically contains standard disclosures about executive compensation and shareholder matters, posing no immediate new risks.

What should investors do after reading CHART INDUSTRIES INC's DEF 14A?

Review the executive compensation details and stock award valuations to assess management's alignment with shareholder interests. The overall sentiment from this filing is neutral.

How does CHART INDUSTRIES INC compare to its industry peers?

This filing is a Definitive Proxy Statement (DEF 14A) used by public companies to solicit proxies from shareholders for annual meetings or other matters requiring shareholder vote. It contains detailed information on executive compensation, board of directors, and corporate governance.

Are there regulatory concerns for CHART INDUSTRIES INC?

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to provide shareholders with essential information before they vote on company matters.

Industry Context

This filing is a Definitive Proxy Statement (DEF 14A) used by public companies to solicit proxies from shareholders for annual meetings or other matters requiring shareholder vote. It contains detailed information on executive compensation, board of directors, and corporate governance.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934, mandating public companies to provide shareholders with essential information before they vote on company matters.

What Investors Should Do

  1. Analyze the stock award grant dates, fair values, and vesting conditions for key executives.
  2. Compare the executive compensation structure to industry peers if additional data is available.
  3. Review any proposals presented for shareholder vote at the upcoming annual meeting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which typically contains information about executive compensation and shareholder proposals, rather than financial performance updates found in 10-K or 10-Q filings.

Filing Stats: 4,601 words · 18 min read · ~15 pages · Grade level 11.5 · Accepted 2024-04-10 16:21:23

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS The following table and accompanying footnotes show information regarding the beneficial ownership of our Common Stock as of March 28, 2024 by: each person who is known by us to own beneficially more than 5% of our Common Stock; each nominee for election as director and each of our named executive officers; and all members of our Board of Directors and our executive officers as a group. Shares Beneficially Owned(1) Name of Beneficial Holder Number Percent of Common Stock BlackRock, Inc.(2) 5,629,199 13.4% Capital World Investors(3) 5,091,260 12.1% The Vanguard Group(4) 4,163,475 9.9% FMR LLC(5) 3,020,088 7.2% Joseph A. Belling(6) 17,031 * Joseph R. Brinkman(7) 13,833 * Jillian C. Evanko(8) 245,550 * Herbert G. Hotchkiss(9) 27,768 * Gerald F. Vinci(10) 49,391 * Andrew R. Cichocki(11) 1,472 * Paula M. Harris(12) 2,105 * Linda A. Harty(13) 8,605 * Paul M. Mahoney(14) 1,072 * Singleton B. McAllister(15) 5,183 * Michael L. Molinini(16) 9,772 * David M. Sagehorn(17) 5,775 * Spencer S. Stiles(18) 1,072 * Roger A. Strauch(19) 2,405 * All directors and officers as a group (15 persons)(20) 399,164 * (1) In accordance with SEC rules, each beneficial owner's holdings have been calculated assuming full exercise or conversion of outstanding options and stock rights covering Common Stock, if any, exercisable by such owner within 60 days after March 28, 2024, but no exercise of outstanding options or stock rights covering Common Stock held by any other person. (2) According to a Schedule 13G/A filed with the SEC on January 30, 2024 by BlackRock, Inc., reporting beneficial ownership for itself and Aperio Group, LLC, BlackRock (Luxembourg) S.A., BlackRock (Netherlands) B.V., BlackRock Advisors, LLC, BlackRock Asset Management Canada Limited, BlackRock Asset Management Ireland Limited, BlackRock Asset Management Schweiz AG, BlackRock Financial Management, Inc.

Executive compensation clawback policies;

Executive compensation clawback policies; Prohibition on pledging and hedging of our Common Stock by our officers and directors; Annual Board and committee evaluations; Annual review of committee charters; Stock ownership guidelines for our officers and directors; No cumulative voting; Diverse Board in terms of gender, race and ethnicity (four of our ten directors are female, two of whom are African American or Black), experiences, specific skills and qualifications; Board and committees may engage outside advisors independent of Company management (for example, the Compensation Committee engaged Pay Governance, LLC ("Pay Governance"), an independent compensation consulting firm, to assist in evaluating our executive compensation structure and expenses); and

Executive compensation philosophy aligns executive compensation with the interests of Company stockholders

Executive compensation philosophy aligns executive compensation with the interests of Company stockholders. Our corporate governance, compliance, risk management and internal controls policies are reviewed by the Board at least annually. Board Refreshment The diverse skill set of our Board is enhanced by both the fresh perspectives brought by our newer directors, as well as industry and Company-specific expertise of our longer-tenured directors, who have the experience of guiding our Company through the extended business cycles faced by our industry. Since 2019, our Board has undergone significant refreshment with six of the ten director nominees having served as our directors for less than three years. Our ongoing Board succession plan includes regular reviews of our director skills matrix, our diversity and inclusion, and our Board's size. We use numerous resources, including outside board recruiting firms, industry networking groups, director networks and our industry knowledge of senior executives. Our director selection process includes candidate interviews with members of our senior management team, our Nominations and Corporate Governance Committee ("NCGC") Chair and our Board Chair, as well as reference checks. 6 - Chart Industries, Inc. 2024 Proxy Statement Board Leadership Structure The Company benefits from a highly qualified, experienced and refreshed Board that provides independent oversight and guidance on the execution of the Company's strategy. The Board is currently comprised of ten accomplished directors, nine of whom are independent and all of whom bring significant relevant expertise to the Company. The Board and its committees exercise leadership over governance functions in a variety of ways, including by: Reviewing and assisting in short and long-term planning and strategy, including oversight of significant transactions; Reviewing and implementing governance standards; Evaluating the performance of the CEO; and Rev

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