Thomas G. Pitstick - 25 Feb 2023 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
25 Feb 2023
Net transactions value
-$49,886
Form type
4
Filing time
28 Feb 2023, 17:45:31 UTC
Previous filing
23 Feb 2023
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Options Exercise $0 +8,843 +25% $0.000000 44,175 25 Feb 2023 Direct F1
transaction GTES Ordinary Shares Tax liability $35,964 -2,547 -5.8% $14.12 41,628 25 Feb 2023 Direct F2
transaction GTES Ordinary Shares Options Exercise $0 +3,423 +8.2% $0.000000 45,051 26 Feb 2023 Direct F1
transaction GTES Ordinary Shares Tax liability $13,922 -986 -2.2% $14.12 44,065 26 Feb 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 -8,843 -8.1% $0.000000 100,984 25 Feb 2023 Ordinary Shares 8,843 Direct F3, F4
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -3,423 -3.4% $0.000000 97,561 26 Feb 2023 Ordinary Shares 3,423 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.