GASTON ROGER C 4
4 · Gates Industrial Corp plc · Filed Feb 26, 2019
Insider Transaction Report
Form 4
GASTON ROGER C
EVP-Human Resources
Transactions
- Award
Performance-Based Restricted Stock Units (PBRSU)
2019-02-22+12,806→ 12,806 total→ Ordinary Shares (12,806 underlying) - Award
Time-Based Restricted Stock Units
2019-02-22+12,430→ 12,430 total→ Ordinary Shares (12,430 underlying) - Award
Employee Stock Options (right to buy)
2019-02-22+34,736→ 34,736 totalExercise: $16.46Exp: 2029-02-22→ Ordinary Shares (34,736 underlying)
Footnotes (5)
- [F1]Each time-based restricted stock unit represents a contingent right to receive one ordinary share.
- [F2]The time-based restricted stock units ("TBRSU") will, subject to the applicable award agreement, vest in the following increments: 4,143 on February 21, 2020; 4,143 on February 21, 2021 and 4,144 on February 21, 2022.
- [F3]Each performance-based restricted stock unit represents a contingent right to receive one ordinary share, subject to adjustment based on the Company's achievement of the three-year performance measure, which is based 50% on total shareholder return with absolute and relative measures and 50% on adjusted return on invested capital.
- [F4]This award vests on the date that the compensation committee certifies the achievement of the performance measure. The performance period over which the performance period is measured ends of January 1, 2022.
- [F5]Subject to the applicable award agreement, this award vests in the following increments: 11,578 on February 21, 2020; 11,579 on February 21, 2021 and 11,579 on February 21, 2022.