Director at Gates Industrial (GTES) awarded 6,097 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ireland James W reported acquisition or exercise transactions in this Form 4 filing.
Gates Industrial Corp plc director James W. Ireland reported an equity award of 6,097 ordinary-share units. These are time-based restricted stock units that vest on the first anniversary of the grant, with each unit representing a contingent right to receive one ordinary share. Following this grant, Ireland directly owns 70,788 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ireland James W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 6,097 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 70,788 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Gates Industrial (GTES) director James W. Ireland report in this Form 4 filing?
James W. Ireland reported receiving 6,097 time-based restricted stock units from Gates Industrial. The award is classified as an acquisition transaction and increases his directly held ordinary shares to a total of 70,788 after the grant, according to the filing details.
What type of securities did James W. Ireland receive from Gates Industrial (GTES)?
James W. Ireland received time-based restricted stock units that convert into ordinary shares of Gates Industrial. Each TBRSU equals one share upon vesting, meaning the 6,097 units granted can become 6,097 ordinary shares if vesting conditions under the award agreement are satisfied.
When do James W. Ireland’s Gates Industrial (GTES) restricted stock units vest?
The restricted stock units granted to James W. Ireland vest on the first anniversary of the grant date. Vesting is subject to the applicable award agreement, and once vested, each time-based restricted stock unit entitles him to receive one ordinary share of Gates Industrial.