Thomas G. Pitstick - 25 Feb 2025 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
President, Americas
Signature
/s/ Hillary Barrett-Osborne as Attorney-in-Fact
Issuer symbol
GTES
Transactions as of
25 Feb 2025
Transactions value $
-$55,528
Form type
4
Filing time
26 Feb 2025, 17:54:52 UTC
Previous filing
31 Jan 2025
Next filing
04 Mar 2025
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 +8.84K +7.35% $0.00 129K 25 Feb 2025 Direct F1
transaction GTES Ordinary Shares Tax liability -$55.5K -2.55K -1.97% $21.81 127K 25 Feb 2025 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 -8.84K -10.08% $0.00 78.9K 25 Feb 2025 Ordinary Shares 8.84K 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.