Gates Industrial (GTES) CEO logs RSU vesting, new grant and tax-share withholding

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Rhea-AI Filing Summary

Gates Industrial Corp plc director and CEO Ivo Jurek reported equity award and vesting activity involving restricted stock units and ordinary shares. Time-based restricted stock units (TBRSUs) covering 63,891 shares vested and were converted into ordinary shares, and he received a new grant of 130,900 TBRSUs. In connection with the vesting, 27,966 ordinary shares were withheld at a price of $26.37 per share to satisfy par value and related tax withholding obligations, which is a disposition for tax purposes rather than an open-market sale. Following these changes, he directly holds 2,059,636 ordinary shares and 293,245 TBRSUs, and indirectly holds 680,894 ordinary shares through a trust.

Insider Trade Summary

Net Buyer: 35,925 shares

Net Buy 5 txns

Insider Jurek Ivo

Role Chief Exec Officer & Director

Type	Security	Shares	Price	Value
Exercise	Time-Based Restricted Stock Units	63,891	$0.00	$0.00
Grant/Award	Time-Based Restricted Stock Units	130,900	$0.00	$0.00
Exercise	Ordinary Shares	63,891	$0.00	$0.00
Exercise Price or Tax Liability	Ordinary Shares	27,966	$26.37	$737K
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Time-Based Restricted Stock Units — 293,245 shares (Direct); Ordinary Shares — 2,059,636 shares (Direct); Ordinary Shares — 680,894 shares (Indirect, By Trust)

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 CEO Ivo Jurek report on this Form 4?

Ivo Jurek reported vesting and conversion of 63,891 time-based restricted stock units into ordinary shares, a new grant of 130,900 TBRSUs, and a tax-withholding disposition of 27,966 ordinary shares at $26.37 per share to cover par value and related tax obligations.

Did the GTES CEO buy or sell shares in the open market in this filing?

The filing shows no open-market purchases or sales. Ordinary shares were acquired through vesting and conversion of restricted stock units, while 27,966 shares were disposed of solely to satisfy par value and tax withholding obligations related to those equity awards, not as discretionary market trades.

How many Gates Industrial ordinary shares does Ivo Jurek hold after these transactions?

After the reported transactions, Ivo Jurek directly holds 2,059,636 ordinary shares of Gates Industrial and indirectly holds 680,894 ordinary shares through a trust, in addition to 293,245 outstanding time-based restricted stock units that remain subject to future vesting conditions.

What are TBRSUs in the Gates Industrial (GTES) Form 4 filing?

The TBRSUs are time-based restricted stock units, each representing a contingent right to receive one ordinary share. They typically vest in installments over time, and in this case may be settled in ordinary shares, cash, or a combination, depending on the company’s settlement choice.

How do the newly granted GTES TBRSUs vest for CEO Ivo Jurek?

The newly granted time-based restricted stock units to Ivo Jurek vest in three substantially equal annual installments. Vesting begins on the first anniversary of the grant date, and the reported balance reflects all outstanding TBRSUs that remain subject to these future vesting requirements.

Why were 27,966 GTES shares disposed of at $26.37 in this Form 4?

Those 27,966 ordinary shares were withheld at $26.37 per share to satisfy par value and certain tax withholding obligations arising from the vesting of previously granted TBRSUs. This is characterized as a tax-withholding disposition, not a voluntary sale into the market.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/06/2026 - 04:50 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jurek Ivo

(Last)

(First)

(Middle)

C/O GATES INDUSTRIAL CORPORATION PLC

1144 FIFTEENTH STREET, SUITE 1400

(Street)

DENVER

80202

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Gates Industrial Corp plc [ GTES ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Exec Officer & Director

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	03/04/2026		M		63,891	A	$0⁽¹⁾	2,087,602	D
Ordinary Shares	03/04/2026		F⁽²⁾		27,966	D	$26.37	2,059,636	D
Ordinary Shares								680,894	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Time-Based Restricted Stock Units	⁽³⁾	03/04/2026		M			63,891	⁽⁴⁾	⁽⁴⁾	Ordinary Shares	63,891	$0	162,345	D
Time-Based Restricted Stock Units	⁽³⁾	03/04/2026		A		130,900		⁽⁴⁾	⁽⁴⁾	Ordinary Shares	130,900	$0	293,245	D

Explanation of Responses:

1. Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.

2. Represents ordinary shares withheld to satisfy par value and certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.

3. 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).

4. 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.

Remarks:

	/s/ Hillary Barrett-Osborne as Attorney-in-Fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR