John Patouhas - 28 Feb 2025 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
Chief Accounting Officer
Signature
/s/ Hillary Barrett-Osborne as Attorney-in-Fact
Issuer symbol
GTES
Transactions as of
28 Feb 2025
Net transactions value
$0
Form type
4
Filing time
04 Mar 2025, 17:47:37 UTC
Previous filing
18 Jun 2024
Next filing
17 Jun 2025
SEC
View on sec.gov

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 +7,294 $0.000000 7,294 28 Feb 2025 Ordinary Shares 7,294 Direct F1, F2
transaction GTES Time-Based Restricted Stock Units Award $0 +7,294 +73% $0.000000 17,294 28 Feb 2025 Ordinary Shares 7,294 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 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.