Cristin C. Bracken - 27 Apr 2022 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
SVP, CLO & Corporate Secretary
Signature
/s/ Hillary Barrett-Osborne
Issuer symbol
GTES
Transactions as of
27 Apr 2022
Transactions value $
-$6,178
Form type
4
Filing time
29 Apr 2022, 17:28:07
Previous filing
04 Apr 2022
Next filing
29 Jul 2022
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 +1.67K +22.5% $0.00 9.08K 27 Apr 2022 Direct F1
transaction GTES Ordinary Shares Tax liability -$6.18K -483 -5.32% $12.79 8.59K 27 Apr 2022 Direct F2, F3

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 -1.67K -4.75% $0.00 33.5K 27 Apr 2022 Ordinary Shares 1.67K Direct F4, F5
* 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 certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
F3 The shares reported on this Form 4 are subject to a lock-up agreement between the reporting person and Citigroup Global Markets Inc. dated March 24, 2022 pursuant to which the remaining shares reported in Table I of this Form 4 are restricted for a 45 day period.
F4 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).
F5 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.