Ivo Jurek - Feb 25, 2023 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Executive Officer, Director
Signature
/s/ Hillary Barrett-Osborne
Stock symbol
GTES
Transactions as of
Feb 25, 2023
Transactions value $
-$507,896
Form type
4
Date filed
2/28/2023, 05:46 PM
Previous filing
Feb 23, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Options Exercise $0 +54.6K +13.95% $0.00 446K Feb 25, 2023 Direct F1
transaction GTES Ordinary Shares Tax liability -$337K -23.9K -5.36% $14.12 422K Feb 25, 2023 Direct F2
transaction GTES Ordinary Shares Options Exercise $0 +27.6K +6.53% $0.00 450K Feb 26, 2023 Direct F1
transaction GTES Ordinary Shares Tax liability -$170K -12.1K -2.69% $14.12 437K Feb 26, 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 -54.6K -7.01% $0.00 724K Feb 25, 2023 Ordinary Shares 54.6K Direct F3, F4
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -27.6K -3.81% $0.00 697K Feb 26, 2023 Ordinary Shares 27.6K 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.