Zhang Peifang 4

What Happened

Zhang Peifang, a director of Gates Industrial Corp plc (GTES), was granted 6,097 restricted stock units (RSUs) on 2026-03-04. The Form 4 reports these as an award/acquisition (code A) at an acquisition price of $0.00 — i.e., a time‑based equity award rather than a purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely filing).
• Security/amount: 6,097 time‑based restricted stock units (TBRSUs) reported as acquired at $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Each TBRSU is a contingent right to receive one ordinary share and, per the award agreement, vests on the first anniversary of the grant.
• Transaction code: A (award/grant).

Context

TBRSUs are compensation awards that convert into actual shares only upon vesting; they are not an immediate cash purchase or sale and therefore do not directly signal buying or selling activity. Such grants are common for executive and director compensation and should be interpreted as compensation-related rather than an outright market investment move.