Gates (GTES) Director Fredrik Eliasson Receives Award 6,097 TBRSUs

What Happened
Fredrik J. Eliasson, a director of Gates Industrial Corp plc (GTES), received a grant of 6,097 time‑based restricted stock units (TBRSUs) on March 4, 2026. The units were recorded as acquired at $0.00 (no cash purchase). Per the award terms, each TBRSU is a contingent right to receive one ordinary share.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filing appears timely).
• Transaction type: Award/Grant (code A).
• Amount: 6,097 TBRSUs granted; reported price $0.00; total reported value $0.
• Vesting: Footnote indicates TBRSUs vest on the first anniversary of the grant (one‑year time‑based vesting).
• Shares owned after transaction: Not specified in the provided filing.
• No sale, exercise, or tax‑withholding reported in this transaction.

Context
TBRSU grants are common long‑term compensation for executives and directors; they do not represent current share ownership until they vest and convert into ordinary shares. Such awards are routine and intended to align insider incentives with shareholder value over time.