Gates Industrial (GTES) CFO boosts equity stake through RSU vesting and new grant
Rhea-AI Filing Summary
Gates Industrial Corp plc Chief Financial Officer Lawrence B. Mallard increased his equity holdings through restricted stock activity. On March 4, 2026, 16,552 time-based restricted stock units (TBRSUs) vested and converted into the same number of ordinary shares, at no cash exercise price.
On the same date, he received a new grant of 31,970 TBRSUs, which vest in three substantially equal annual installments starting on the first anniversary of the grant date. To cover par value and related tax withholding obligations from the vesting, 7,246 ordinary shares were withheld at a reference price of $26.37 per share. After these transactions, his directly held ordinary shares and TBRSUs each increased compared with prior levels.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,306 shares
Net Buy
4 txns
Insider
Mallard Lawrence B
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time-Based Restricted Stock Units | 16,552 | $0.00 | $0.00 |
| Grant/Award | Time-Based Restricted Stock Units | 31,970 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 16,552 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 7,246 | $26.37 | $191K |
Holdings After Transaction:
Time-Based Restricted Stock Units — 72,950 shares (Direct);
Ordinary Shares — 245,362 shares (Direct)
Footnotes (4)
- F1. Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.
- F2. Represents ordinary shares withheld to satisfy par value and certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
- F3. Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof).
- F4. The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects all TBRSUs outstanding subject to future vesting.
FAQ
What insider transactions did GTES CFO Lawrence B. Mallard report?
Lawrence B. Mallard reported TBRSU vesting, a new TBRSU grant, and related share withholding. 16,552 TBRSUs vested into ordinary shares, 31,970 new TBRSUs were granted, and 7,246 ordinary shares were withheld to satisfy par value and tax obligations tied to the vesting.
How many Gates Industrial (GTES) restricted stock units vested for the CFO?
16,552 time-based restricted stock units vested for the CFO, converting into 16,552 ordinary shares. These TBRSUs vested on the anniversary of the grant date and were settled in ordinary shares at no exercise price, reflecting previously awarded equity compensation reaching a vesting milestone.
What new equity award did GTES grant to its CFO in this filing?
Gates Industrial granted the CFO 31,970 new time-based restricted stock units. These TBRSUs vest in three substantially equal annual installments, beginning on the first anniversary of the grant date, and each unit represents a contingent right to receive one ordinary share or cash, or a combination.
How do the GTES CFO’s TBRSUs vest over time according to this report?
The CFO’s newly granted TBRSUs vest in three substantially equal annual installments. Vesting begins on the first anniversary of the grant date, and Column 9 in the filing reflects all TBRSUs outstanding that remain subject to future vesting conditions across those scheduled installments.
What does each TBRSU represent for Gates Industrial (GTES) insiders?
Each time-based restricted stock unit represents a contingent right to receive one ordinary share of Gates Industrial. The TBRSUs may be settled in ordinary shares, cash, or a combination, providing equity-based compensation that becomes deliverable as vesting conditions tied to time are satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
