GASTON ROGER C 4
4 · Gates Industrial Corp plc · Filed Feb 24, 2021
Insider Transaction Report
Form 4
GASTON ROGER C
EVP-Human Resources
Transactions
- Exercise/Conversion
Time-Based Restricted Stock Units
2021-02-22−5,683→ 19,654 total→ Ordinary Shares (5,683 underlying) - Exercise/Conversion
Ordinary Shares
2021-02-22+5,683→ 22,274 total - Exercise/Conversion
Ordinary Shares
2021-02-22+4,143→ 24,515 total - Exercise/Conversion
Time-Based Restricted Stock Units
2021-02-22−4,143→ 15,511 total→ Ordinary Shares (4,143 underlying) - Tax Payment
Ordinary Shares
2021-02-22$16.99/sh−1,902$32,315→ 20,372 total - Tax Payment
Ordinary Shares
2021-02-22$16.99/sh−1,176$19,980→ 23,339 total
Footnotes (5)
- [F1]Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.
- [F2]Represents ordinary shares withheld to satisfy certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
- [F3]The shares reported on this Form 4 are subject to a lock-up agreement between the reporting person and Citigroup Global Markets Inc. and Evercore Group L.L.C. dated February 19, 2021 pursuant to which the remaining shares reported in Table I of this Form 4 are restricted for a 90 day period.
- [F4]Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof).
- [F5]The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects all TBRSUs outstanding subject to future vesting.