LIFSEY WALTER 4
4 · Gates Industrial Corp plc · Filed Feb 1, 2022
Insider Transaction Report
Form 4
LIFSEY WALTER
Chief Operating Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2022-01-28+12,822→ 113,498 total - Tax Payment
Ordinary Shares
2022-01-28$15.03/sh−3,785$56,889→ 109,713 total - Exercise/Conversion
Performance-Based Restricted Stock Units (PBRSU)
2022-01-28−12,822→ 19,232 total→ Ordinary Shares (12,822 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units (PBRSU)
2022-01-28−19,232→ 0 total→ Ordinary Shares (19,232 underlying)
Footnotes (4)
- [F1]Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 22, 2019 and reported on the Form 4 filed with the Securities and Exchange Commission on February 26, 2019, following the Compensation Committee's certification on January 28, 2022 of the Company's achievement of 40% 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.
- [F2]Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs.
- [F3]Each PBRSU represents a contingent right to receive one ordinary share.
- [F4]Represents the portion of the PBRSU award granted on February 22, 2019 that did not vest and was forfeited in connection with the certification described above.