Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GTES | Ordinary Shares | Options Exercise | $0 | +12.7K | +65.85% | $0.00 | 32K | Feb 12, 2023 | Direct | F1 |
transaction | GTES | Ordinary Shares | Tax liability | -$51.9K | -3.74K | -11.71% | $13.87 | 28.2K | Feb 12, 2023 | Direct | F2 |
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 (PBRSU) | Options Exercise | $0 | -12.7K | -42% | $0.00 | 17.5K | Feb 12, 2023 | Ordinary Shares | 12.7K | Direct | F1, F3 | |
transaction | GTES | Performance-Based Restricted Stock Units (PBRSU) | Disposed to Issuer | $0 | -17.5K | -100% | $0.00* | 0 | Feb 12, 2023 | Ordinary Shares | 17.5K | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 24, 2020 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2020, following the Compensation Committee's certification on February 12, 2023 of the Company's achievement of 42% of the three year performance measure, which was based 50% on total shareholder return with relative measures and 50% on adjusted return on invested capital. |
F2 | Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs. |
F3 | Each PBRSU represents a contingent right to receive one ordinary share. |
F4 | Represents the portion of the PBRSU award granted on February 24, 2020 that did not vest and was forfeited in connection with the certification described above. |