Thomas G. Pitstick - 27 Jul 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Marketing Officer & SVP
Signature
/s/ Hillary Barrett-Osborne
Issuer symbol
GTES
Transactions as of
27 Jul 2022
Net transactions value
$0
Form type
4
Filing time
29 Jul 2022, 16:32:18 UTC
Previous filing
04 Apr 2022
Next filing
14 Feb 2023
SEC
View on sec.gov

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 +76,450 +208% $0.000000 113,172 27 Jul 2022 Ordinary Shares 76,450 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.