CANTIE JOSEPH S 4
4 · Gates Industrial Corp plc · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Gates Industrial Director Joseph S. Cantie Withholds 4 Shares for Taxes
What Happened Joseph S. Cantie, a director of Gates Industrial Corp plc (GTES), had 4 ordinary shares withheld/disposed to satisfy tax/par value obligations tied to vesting of previously granted time‑based restricted stock units (TBRSUs). The withholding was recorded at $22.11 per share for a total of $88. This is a tax/withholding disposition (routine) rather than an open‑market sale or purchase.
Key Details
- Transaction date: 2026-03-30; reported on Form 4 filed 2026-03-31. No late filing indicated.
- Price per share: $22.11; total value: $88.
- Transaction code: F (payment of exercise price or tax liability / tax withholding).
- Footnote: F1 — shares were withheld by the company to satisfy payment of par value upon vesting of TBRSUs under U.K. corporate law.
- Shares owned after the transaction: not specified in the provided filing details.
Context This was a tax withholding related to RSU vesting, not a purchase or discretionary sale by the insider. Withholdings to cover tax or par value are common and generally considered routine administrative actions rather than signals about the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Ordinary Shares
[F1]2026-03-30$22.11/sh−4$88→ 13,964 total
Footnotes (1)
- [F1]Represents ordinary shares withheld by the Company to satisfy payment of par value upon vesting of previously granted time-based restricted stock units (TBRSUs) in accordance with U.K. corporate law.