Thomas G. Pitstick - Jan 29, 2025 Form 4 Insider Report for Gates Industrial Corp plc (GTES)

Role
President, Americas
Signature
/s/ Hillary Barrett-Osborne as Attorney-in-Fact
Stock symbol
GTES
Transactions as of
Jan 29, 2025
Transactions value $
-$191,383
Form type
4
Date filed
1/31/2025, 07:34 PM
Previous filing
Oct 2, 2024
Next filing
Feb 26, 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 +32.1K +32.87% $0.00 130K Jan 29, 2025 Direct F1
transaction GTES Ordinary Shares Tax liability -$191K -9.45K -7.28% $20.25 120K Jan 29, 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 Performance-Based Restricted Stock Units (PBRSU) Options Exercise $0 -26.5K -100% $0.00 0 Jan 29, 2025 Ordinary Shares 26.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents ordinary shares that vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 25, 2022, following the Compensation Committee's certification on January 29, 2025 of the Company's achievement of 121% of target for the three year performance measure, which was based 25% on total shareholder return with relative measures and 75% on adjusted return on invested capital.
F2 Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs.
F3 Each PBRSU represents a contingent right to receive one ordinary share.