Wisniewski David M 4
4 · Gates Industrial Corp plc · Filed Feb 8, 2024
Insider Transaction Report
Form 4
Wisniewski David M
Chief Accounting Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2024-02-06+4,905→ 35,641 total - Tax Payment
Ordinary Shares
2024-02-06$13.15/sh−2,408$31,665→ 33,233 total - Exercise/Conversion
Performance-Based Restricted Stock Units (PBRSU)
2024-02-06−4,905→ 2,309 total→ Ordinary Shares (4,905 underlying) - Disposition to Issuer
Performance-Based Restricted Stock Units (PBRSU)
2024-02-06−2,309→ 0 total→ Ordinary Shares (2,309 underlying)
Footnotes (4)
- [F1]Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 26, 2021, following the Compensation Committee's certification on February 6, 2024 of the Company's achievement of 68% 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 26, 2021 that did not vest and was forfeited in connection with the certification described above.