Lawrence B. Mallard - Feb 24, 2023 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role: Chief Financial Officer
Signature: /s/ Hillary Barrett-Osborne
Stock symbol: GTES
Transactions as of: Feb 24, 2023
Transactions value $: -$39,706
Form type: 4
Date filed: 2/27/2023, 04:50 PM
Previous filing: Feb 14, 2023
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTES	Ordinary Shares	Options Exercise	$0	+9.78K	+34.64%	$0.00	38K	Feb 24, 2023	Direct	F1
transaction	GTES	Ordinary Shares	Tax liability	-$39.7K	-2.82K	-7.41%	$14.10	35.2K	Feb 24, 2023	Direct	F2

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	-9.78K	-5.31%	$0.00	174K	Feb 24, 2023	Ordinary Shares	9.78K		Direct	F3, F4

* 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	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).
F4	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.