David M. Wisniewski - 06 Feb 2024 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 Feb 2024, 17:38:09 UTC
Prior SEC filing
31 Jul 2023
Next SEC filing
27 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Hillary Barrett-Osborne

Key filing fact

David M. Wisniewski filed Form 4 for Gates Industrial Corp plc (GTES) on 08 Feb 2024.

Key facts

  • This page summarizes David M. Wisniewski's Form 4 filing for Gates Industrial Corp plc (GTES).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 08 Feb 2024, 17:38.

Change

  • Previous filing in this sequence was filed on 31 Jul 2023.
  • Current net transaction value: -$31,665.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GTES transaction

Ordinary Shares

Options Exercise

Transaction value
$0
Shares
+4,905
Change %
+16%
Price
$0.000000
Shares after
35,641
Date
06 Feb 2024
Ownership
Direct
Footnotes
F1
GTES transaction

Ordinary Shares

Tax liability

Transaction value
$31,665
Shares
-2,408
Change %
-6.8%
Price
$13.15
Shares after
33,233
Date
06 Feb 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GTES transaction Derivative

Performance-Based Restricted Stock Units (PBRSU)

Options Exercise

Transaction value
$0
Shares
-4,905
Change %
-68%
Price
$0.000000
Shares after
2,309
Date
06 Feb 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
4,905
Exercise price
Footnotes
F1, F3
GTES transaction Derivative

Performance-Based Restricted Stock Units (PBRSU)

Disposed to Issuer

Transaction value
$0
Shares
-2,309
Change %
-100%
Price
$0.000000*
Shares after
0
Date
06 Feb 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
2,309
Exercise price
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 26, 2021, following the Compensation Committee's certification on February 6, 2024 of the Company's achievement of 68% of the three year performance measure, which was based 50% on total shareholder return with relative measures and 50% on adjusted return on invested capital.

Footnote F2

Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs.

Footnote F3

Each PBRSU represents a contingent right to receive one ordinary share.

Footnote F4

Represents the portion of the PBRSU award granted on February 26, 2021 that did not vest and was forfeited in connection with the certification described above.

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