David M. Wisniewski - Apr 11, 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Accounting Officer
Signature
/s/ Hillary Barrett-Osborne
Stock symbol
GTES
Transactions as of
Apr 11, 2022
Transactions value $
-$7,261
Form type
4
Date filed
4/11/2022, 05:19 PM
Previous filing
Mar 1, 2022
Next filing
Jul 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Options Exercise $0 +1.89K +12.69% $0.00 16.8K Apr 11, 2022 Direct F1
transaction GTES Ordinary Shares Tax liability -$7.26K -548 -3.27% $13.25 16.2K Apr 11, 2022 Direct F2, F3

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 Time-Based Restricted Stock Units Options Exercise $0 -1.89K -9.6% $0.00 17.8K Apr 11, 2022 Ordinary Shares 1.89K Direct F4, F5
* 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 The shares reported on this Form 4 are subject to a lock-up agreement between the reporting person and Citigroup Global Markets Inc. dated March 24, 2022 pursuant to which the remaining shares reported in Table I of this Form 4 are restricted for a 45 day period.
F4 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).
F5 The reporting person was granted TBRSUs that vest in four 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.