Lawrence B. Mallard - Feb 25, 2024 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Financial Officer
Signature
/s/ Hillary Barrett-Osborne as Attorney-in-Fact
Stock symbol
GTES
Transactions as of
Feb 25, 2024
Transactions value $
-$136,650
Form type
4
Date filed
2/27/2024, 05:09 PM
Previous filing
Feb 8, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTES Ordinary Shares Options Exercise $0 +13.5K +16.51% $0.00 95K Feb 25, 2024 Direct F1
transaction GTES Ordinary Shares Tax liability -$86.3K -5.89K -6.21% $14.64 89.1K Feb 25, 2024 Direct F2
transaction GTES Ordinary Shares Options Exercise $0 +7.86K +8.82% $0.00 96.9K Feb 26, 2024 Direct F1
transaction GTES Ordinary Shares Tax liability -$50.4K -3.44K -3.55% $14.64 93.5K Feb 26, 2024 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 -13.5K -8.36% $0.00 148K Feb 25, 2024 Ordinary Shares 13.5K Direct F3, F4
transaction GTES Time-Based Restricted Stock Units Options Exercise $0 -7.86K -5.32% $0.00 140K Feb 26, 2024 Ordinary Shares 7.86K 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 par value and 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.