Cristin C. Bracken - Feb 25, 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role: Chief Legal Officer
Signature: /s/ Hillary Barrett-Osborne
Stock symbol: GTES
Transactions as of: Feb 25, 2022
Transactions value $: -$15,429
Form type: 4
Date filed: 3/1/2022, 05:13 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	+3.08K	+58%	$0.00	8.39K	Feb 28, 2022	Direct	F1
transaction	GTES	Ordinary Shares	Tax liability	-$15.4K	-979	-11.67%	$15.76	7.41K	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	+24.2K		$0.00	24.2K	Feb 25, 2022	Ordinary Shares	24.2K		Direct	F3, F4
transaction	GTES	Time-Based Restricted Stock Units	Award	$0	+24.2K	+172.95%	$0.00	38.2K	Feb 25, 2022	Ordinary Shares	24.2K		Direct	F5, F6
transaction	GTES	Time-Based Restricted Stock Units	Options Exercise	$0	-3.08K	-8.06%	$0.00	35.1K	Feb 28, 2022	Ordinary Shares	3.08K		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.