Form 4 for GTES Gates Industrial Corp Ltd.
Accepted 2024-02-08 00:00:00 ET · period of report 2024-02-06 · accession 0001062993-24-002598 · 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 | Mallard Lawrence B | EVP, CFO | M - OptEx | $0.00 | +16.5K | 89.0K | +23% | $0 |
| D | 2024-02-08 | 2024-02-06 | GTES | Mallard Lawrence B | EVP, CFO | F - Tax | $13.15 | -7,541 | 81.5K | -8% | -$99.2K |
| D | 2024-02-08 | 2024-02-06 | GTES | Mallard Lawrence B | EVP, CFO | D - Sale to Iss | $0.00 | -7,769 | 0 | -100% | $0 |
| D | 2024-02-08 | 2024-02-06 | GTES | Mallard Lawrence B | EVP, CFO | M - OptEx | $0.00 | -16.5K | 7,769 | -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 | M | A | 16,509 | $0.00 | 89,038 | 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. |
| 2 | Common | Ordinary Shares | 2024-02-06 | F | D | 7,541 | $13.15 | 81,497 | 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) | 2024-02-06 | D | D | 7,769 | $0.00 | 0 | D | — · — to — | 7,769 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 | 16,509 | $0.00 | 7,769 | D | — · — to — | 16,509 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. |