TERRY A. KLEBE - 25 Feb 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Director
Signature
/s/ Hillary Barrett-Osborne
Issuer symbol
GTES
Transactions as of
25 Feb 2022
Net transactions value
-$94.56
Form type
4
Filing time
01 Mar 2022, 17:16:59 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Award $0 +7,931 +9.1% $0.000000 95,121 25 Feb 2022 Direct F1
transaction GTES Ordinary Shares Tax liability $94.56 -6 -0.01% $15.76 95,115 28 Feb 2022 Direct F2
* 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") which, subject to the applicable award agreement, vest on the first anniversary date of the grant. Each TBRSU represents a contingent right to receive one ordinary share of the registrant.
F2 Represents ordinary shares withheld by the Company to satisfy payment of par value upon vesting of previously granted TBRSUs in accordance with U.K. corporate law.