Gawronski Grant 4
4 · Gates Industrial Corp plc · Filed Mar 1, 2022
Insider Transaction Report
Form 4
Gawronski Grant
EVP & Chief Commercial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2022-02-28+12,042→ 147,314 total - Tax Payment
Ordinary Shares
2022-02-28$15.76/sh−3,068$48,352→ 144,246 total - Exercise/Conversion
Time-Based Restricted Stock Units
2022-02-28−12,042→ 91,999 total→ Ordinary Shares (12,042 underlying) - Award
Performance-Based Restricted Stock Units
2022-02-25+53,924→ 53,924 total→ Ordinary Shares (53,924 underlying) - Award
Time-Based Restricted Stock Units
2022-02-25+53,924→ 104,041 total→ Ordinary Shares (53,924 underlying)
Footnotes (6)
- [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]Each performance-based restricted stock unit ("PBRSU") represents a contingent right to receive one ordinary share, subject to adjustment based on the Company's achievement of the three-year performance measures.
- [F4]This PBRSU award vests on the date the compensation committee certifies the achievement of the performance measures following the three-year performance period.
- [F5]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).
- [F6]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.