Grant Gawronski - 25 Feb 2023 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Commercial Officer & EVP
Signature
/s/ Hillary Barrett-Osborne
Issuer symbol
GTES
Transactions as of
25 Feb 2023
Net transactions value
-$122,082
Form type
4
Filing time
28 Feb 2023, 17:45:51 UTC
Previous filing
23 Feb 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 +17,974 +11% $0.000000 186,225 25 Feb 2023 Direct F1
transaction GTES Ordinary Shares Tax liability $79,058 -5,599 -3% $14.12 180,626 25 Feb 2023 Direct F2
transaction GTES Ordinary Shares Options Exercise $0 +12,043 +6.7% $0.000000 192,669 26 Feb 2023 Direct F1
transaction GTES Ordinary Shares Tax liability $43,024 -3,047 -1.6% $14.12 189,622 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 -17,974 -23% $0.000000 60,037 25 Feb 2023 Ordinary Shares 17,974 Direct F3, F4
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -12,043 -20% $0.000000 47,994 26 Feb 2023 Ordinary Shares 12,043 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.