Ivo Jurek - Feb 25, 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Signature
/s/ Hillary Barrett-Osborne
Stock symbol
GTES
Transactions as of
Feb 25, 2022
Transactions value $
-$190,885
Form type
4
Date filed
3/1/2022, 05:12 PM
Previous filing
Feb 23, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Options Exercise $0 +27.6K +9% $0.00 334K Feb 28, 2022 Direct F1
transaction GTES Ordinary Shares Tax liability -$191K -12.1K -3.63% $15.76 322K Feb 28, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GTES Performance-Based Restricted Stock Units Award $0 +164K $0.00 164K Feb 25, 2022 Ordinary Shares 164K Direct F3, F4
transaction GTES Time-Based Restricted Stock Units Award $0 +164K +144.43% $0.00 277K Feb 25, 2022 Ordinary Shares 164K Direct F5, F6
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -27.6K -9.95% $0.00 250K Feb 28, 2022 Ordinary Shares 27.6K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.
F2 Represents ordinary shares withheld to satisfy certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
F3 Each performance-based restricted stock unit ("PBRSU") represents a contingent right to receive one ordinary share, subject to adjustment based on the Company's achievement of the three-year performance measures.
F4 This PBRSU award vests on the date the compensation committee certifies the achievement of the performance measures following the three-year performance period.
F5 Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof).
F6 The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects all TBRSUs outstanding subject to future vesting.