Neely Wilson S 4

What Happened

• Neely Wilson, a director of Gates Industrial Corp plc (GTES), received a grant of 6,097 time‑based restricted stock units (TBRSUs) on 2026-03-04. The grant price is shown as $0.00, so there was no cash paid; the TBRSUs are a contingent right to receive one ordinary share per unit upon vesting.

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (two days later).
• Award: 6,097 TBRSUs at $0.00 per unit (total immediate cash value reported $0).
• Vesting: TBRSUs vest on the first anniversary of the grant, subject to the award agreement (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction type/code: Grant/Award (A). No sale or purchase occurred; this is a compensation award rather than an open‑market trade.

Context

• TBRSUs are restricted stock units that convert into ordinary shares if and when they vest; they do not represent immediate share ownership or sale proceeds.
• Awards to directors are common as part of compensation and do not necessarily signal an insider view to buy or sell stock.