Gawronski Grant 4
4 · Gates Industrial Corp plc · Filed Feb 14, 2023
Insider Transaction Report
Form 4
Gawronski Grant
EVP & Chief Commercial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2023-02-12+18,157→ 162,403 total - Tax Payment
Ordinary Shares
2023-02-12$13.87/sh−4,586$63,608→ 157,817 total - Exercise/Conversion
Performance-Based Restricted Stock Units (PBRSU)
2023-02-12−18,157→ 25,075 total→ Ordinary Shares (18,157 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units (PBRSU)
2023-02-12−25,075→ 0 total→ Ordinary Shares (25,075 underlying)
Footnotes (4)
- [F1]Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 21, 2020 and reported on the Form 4 filed with the Securities and Exchange Commission on February 25, 2020, following the Compensation Committee's certification on February 12, 2023 of the Company's achievement of 42% 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 21, 2020 that did not vest and was forfeited in connection with the certification described above.