Tax-related share withholding for director at Gates Industrial (GTES)

Rhea-AI Filing Summary

Gates Industrial Corp plc director Neil P. Simpkins reported a small tax-related share withholding. On this Form 4, 5 ordinary shares were withheld by the company at $27.57 per share to satisfy payment of par value upon vesting of time-based restricted stock units under U.K. corporate law.

After this disposition, he directly holds 31,186 ordinary shares. He is also reported as indirectly owning 1,001,211 ordinary shares through an LLC and disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SIMPKINS NEIL P

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Shares	5	$27.57	$137.85
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 31,186 shares (Direct); Ordinary Shares — 1,001,211 shares (Indirect, By LLC)

Footnotes (1)

1. 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. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

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^*

SIMPKINS NEIL P

(Last) (First) (Middle)

C/O GATES INDUSTRIAL CORPORATION PLC

1144 FIFTEENTH, SUITE 1400

(Street)

DENVER CO 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	02/28/2026		F		5(1)	D	$27.57	31,186	D
Ordinary Shares								1,001,211	I	By LLC(2)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Hillary Barrett-Osborne as Attorney-in-Fact	03/03/2026
	** 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.

FAQ

What insider transaction did Neil P. Simpkins report at Gates Industrial (GTES)?

Neil P. Simpkins reported a tax-withholding disposition of 5 ordinary shares. The company withheld these shares to satisfy payment of par value upon vesting of previously granted time-based restricted stock units in accordance with U.K. corporate law, not as an open-market sale.

How many Gates Industrial (GTES) shares were involved in the Form 4 filing?

The Form 4 shows 5 ordinary shares withheld by the company at $27.57 per share. This small number of shares was used to satisfy par value obligations tied to the vesting of time-based restricted stock units rather than representing a discretionary stock sale.

How many Gates Industrial (GTES) shares does Neil P. Simpkins own after this transaction?

After the reported transaction, Neil P. Simpkins directly owns 31,186 ordinary shares. In addition, the filing reports 1,001,211 ordinary shares held indirectly through an LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.

Was the Gates Industrial (GTES) insider transaction a market sale of shares?

The transaction was not a market sale. It is coded as a tax-withholding disposition, where the company withheld 5 ordinary shares to satisfy payment of par value on vesting restricted stock units, rather than the director selling shares on the open market.

What does the LLC-related ownership in the Gates Industrial (GTES) Form 4 mean?

The Form 4 lists 1,001,211 ordinary shares held indirectly "By LLC". A footnote states the reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, indicating limited personal claim beyond his economic stake.

What transaction code and description are used in this Gates Industrial (GTES) Form 4?

The Form 4 uses transaction code “F”, described as payment of exercise price or tax liability by delivering securities. In this case, 5 ordinary shares were withheld by the company to meet par value obligations tied to vesting time-based restricted stock units.