Form 4 for GTES Gates Industrial Corp Ltd.
Accepted 2022-02-01 00:00:00 ET · period of report 2022-01-28 · accession 0001062993-22-002108 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-01 | 2022-01-28 | GTES | Pitstick Thomas G. | CMO, SVP | F - Tax | $15.03 | -1,172 | 23.3K | -5% | -$17.6K |
| D | 2022-02-01 | 2022-01-28 | GTES | Pitstick Thomas G. | CMO, SVP | M - OptEx | $0.00 | +3,420 | 24.5K | +16% | $0 |
| D | 2022-02-01 | 2022-01-28 | GTES | Pitstick Thomas G. | CMO, SVP | M - OptEx | $0.00 | -3,420 | 5,130 | -40% | $0 |
| D | 2022-02-01 | 2022-01-28 | GTES | Pitstick Thomas G. | CMO, SVP | D - Sale to Iss | $0.00 | -5,130 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Ordinary Shares | 2022-01-28 | F | D | 1,172 | $15.03 | 23,327 | D | — | — | (F2) Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs. |
| 2 | Common | Ordinary Shares | 2022-01-28 | M | A | 3,420 | $0.00 | 24,499 | D | — | — | (F1) Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 22, 2019 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2019, following the Compensation Committee's certification on January 28, 2022 of the Company's achievement of 40% 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. |
| 3 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2022-01-28 | M | D | 3,420 | $0.00 | 5,130 | D | — · — to — | 3,420 Ordinary Shares | (F1) Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 22, 2019 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2019, following the Compensation Committee's certification on January 28, 2022 of the Company's achievement of 40% 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. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |
| 4 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2022-01-28 | D | D | 5,130 | $0.00 | 0 | D | — · — to — | 5,130 Ordinary Shares | (F4) Represents the portion of the PBRSU award granted on February 22, 2019 that did not vest and was forfeited in connection with the certification described above. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |