Jurek Ivo 4

What Happened

• Ivo Jurek, CEO and director of Gates Industrial Corp plc (GTES), had time‑based restricted stock units (TBRSUs) vest and settled on March 4, 2026. 63,891 TBRSUs converted into ordinary shares (reported at $0.00 per share). To satisfy par value and tax withholding obligations, 27,966 ordinary shares were withheld (disposed) at an implied price of $26.37 each, totaling $737,463. The filing also reports a grant of 130,900 TBRSUs (a derivative award) subject to future vesting.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (filed within the standard two‑business‑day window).
• Vested/converted: 63,891 TBRSUs → ordinary shares (reported at $0.00).
• Withheld for par/taxes: 27,966 shares @ $26.37 = $737,463 (disposition to cover tax obligations).
• Grant: 130,900 TBRSUs awarded (reported as derivative/award at $0.00).
• Shares owned after the transactions: not disclosed in the provided excerpt of the filing.
• Footnotes: TBRSUs vest in three substantially equal annual installments starting on the first anniversary of the grant; each TBRSU converts to one ordinary share or cash (or a combination); the withheld shares were used to satisfy par value and tax withholding.

Context

• This was a routine vesting/settlement of restricted stock units with a tax withholding in shares (common practice, not an open‑market sale). The $0.00 amounts reflect that these were RSU/TBRSU settlements (no cash exercise price). The grant of 130,900 TBRSUs represents awards subject to future vesting and is not an immediate purchase of stock.