Ivo Jurek - Jul 27, 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Executive Officer, Director
Signature
/s/ Hillary Barrett-Osborne
Stock symbol
GTES
Transactions as of
Jul 27, 2022
Transactions value $
$0
Form type
4
Date filed
7/29/2022, 04:30 PM
Previous filing
Apr 4, 2022
Next filing
Feb 14, 2023

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 Award $0 +560K +224.44% $0.00 810K Jul 27, 2022 Ordinary Shares 560K Direct F1, 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") that vest on the anniversary of the grant date. 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).
F2 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.