Mains Stephanie K. 4

What Happened

• Stephanie K. Mains, a director of Gates Industrial Corp plc (GTES), received an award of 6,097 time‑based restricted stock units (TBRSUs) on 2026-03-04. The award is reported as an acquisition (code A) at $0.00 per unit, meaning no cash was paid at grant. Each TBRSU represents a contingent right to receive one ordinary share if applicable vesting conditions are met.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (timely filing).
• Transaction type/code: Grant/Award (A).
• Shares/units granted: 6,097 TBRSUs; grant price reported as $0.00.
• Vesting: Per filing footnote, TBRSUs vest on the first anniversary of the grant (subject to award agreement).
• Shares owned after transaction: Not specified in the provided filing.
• No sale, purchase, exercise, or tax‑withholding details were reported in this transaction.

Context

• TBRSUs are contingent awards that convert to shares only if vesting conditions are met; they are a form of deferred compensation and do not represent immediate market purchases or sales. Such grants are common for executives and directors and should be viewed as an equity compensation event rather than a direct market bet.