Lawrence B. Mallard - Mar 1, 2023 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Financial Officer, EVP
Signature
/s/ Hillary Barrett-Osborne
Stock symbol
GTES
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 04:34 PM
Previous filing
Feb 28, 2023
Next filing
Jul 31, 2023

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 Performance-Based Restricted Stock Units Award $0 +47.4K $0.00 47.4K Mar 1, 2023 Ordinary Shares 47.4K Direct F1, F2
transaction GTES Time-Based Restricted Stock Units Award $0 +47.4K +30.92% $0.00 201K Mar 1, 2023 Ordinary Shares 47.4K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance-based restricted stock unit ("PBRSU") represents a contingent right to receive one ordinary share, subject to adjustment based on the Company's achievement of the three-year performance measures.
F2 This PBRSU award vests on the date the compensation committee certifies the achievement of the performance measures following the three-year performance period.
F3 Each time-based restricted stock units ("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.