Form 4 for GTES Gates Industrial Corp Ltd.
Accepted 2025-01-31 00:00:00 ET · period of report 2025-01-29 · accession 0001062993-25-001416 · 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 | 2025-01-31 | 2025-01-29 | GTES | Jurek Ivo | Chief Exec Off, Dir | M - OptEx | $0.00 | +198.1K | 1.01M | +24% | $0 |
| D | 2025-01-31 | 2025-01-29 | GTES | Jurek Ivo | Chief Exec Off, Dir | F - Tax | $20.25 | -86.7K | 924.2K | -9% | -$1.76M |
| D | 2025-01-31 | 2025-01-29 | GTES | Jurek Ivo | Chief Exec Off, Dir | M - OptEx | $0.00 | -163.7K | 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 | 2025-01-29 | M | A | 198,101 | $0.00 | 1,010,934 | D | — | — | (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. |
| 2 | Common | Ordinary Shares | 2025-01-29 | F | D | 86,725 | $20.25 | 924,209 | 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) | 2025-01-29 | M | D | 163,721 | $0.00 | 0 | D | — · — to — | 163,721 Ordinary Shares | (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. (F3) Each PBRSU represents a contingent right to receive one ordinary share. |