Form 4 for GTES Gates Industrial Corp Ltd.
Accepted 2024-02-08 00:00:00 ET · period of report 2024-02-06 · accession 0001062993-24-002597 · 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 | 2024-02-08 | 2024-02-06 | GTES | Jurek Ivo | Chief Exec Off, Dir | F - Tax | $13.15 | -49.3K | 605.6K | -8% | -$647.7K |
| D | 2024-02-08 | 2024-02-06 | GTES | Jurek Ivo | Chief Exec Off, Dir | M - OptEx | $0.00 | +112.5K | 654.8K | +21% | $0 |
| D | 2024-02-08 | 2024-02-06 | GTES | Jurek Ivo | Chief Exec Off, Dir | D - Sale to Iss | $0.00 | -52.9K | 0 | -100% | $0 |
| D | 2024-02-08 | 2024-02-06 | GTES | Jurek Ivo | Chief Exec Off, Dir | M - OptEx | $0.00 | -112.5K | 52.9K | -68% | $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 | 2024-02-06 | F | D | 49,251 | $13.15 | 605,596 | 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 | 2024-02-06 | M | A | 112,472 | $0.00 | 654,847 | D | — | — | (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. |
| 3 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2024-02-06 | D | D | 52,928 | $0.00 | 0 | D | — · — to — | 52,928 Ordinary Shares | (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. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |
| 4 | Derivative | Performance-Based Restricted Stock Units (PBRSU) | 2024-02-06 | M | D | 112,472 | $0.00 | 52,928 | D | — · — to — | 112,472 Ordinary Shares | (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. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |