Form 4 for GTES Gates Industrial Corp Ltd.
Accepted 2023-02-14 00:00:00 ET · period of report 2023-02-12 · accession 0001062993-23-003428 · 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 | 2023-02-14 | 2023-02-12 | GTES | Mallard Lawrence B | CFO | M - OptEx | $0.00 | +12.7K | 32.0K | +66% | $0 |
| D | 2023-02-14 | 2023-02-12 | GTES | Mallard Lawrence B | CFO | F - Tax | $13.87 | -3,742 | 28.2K | -12% | -$51.9K |
| D | 2023-02-14 | 2023-02-12 | GTES | Mallard Lawrence B | CFO | D - Sale to Iss | $0.00 | -17.5K | 0 | -100% | $0 |
| D | 2023-02-14 | 2023-02-12 | GTES | Mallard Lawrence B | CFO | M - OptEx | $0.00 | -12.7K | 17.5K | -42% | $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 | 2023-02-12 | M | A | 12,689 | $0.00 | 31,959 | D | — | — | (F1) Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 24, 2020 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2020, following the Compensation Committee's certification on February 12, 2023 of the Company's achievement of 42% 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. |
| 2 | Common | Ordinary Shares | 2023-02-12 | F | D | 3,742 | $13.87 | 28,217 | D | — | — | (F2) Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs. |
| 3 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2023-02-12 | D | D | 17,523 | $0.00 | 0 | D | — · — to — | 17,523 Ordinary Shares | (F4) Represents the portion of the PBRSU award granted on February 24, 2020 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. |
| 4 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2023-02-12 | M | D | 12,689 | $0.00 | 17,523 | D | — · — to — | 12,689 Ordinary Shares | (F1) Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 24, 2020 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2020, following the Compensation Committee's certification on February 12, 2023 of the Company's achievement of 42% 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. |