Gates Industrial (GTES) director receives 6,097 time-based RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zhang Peifang reported acquisition or exercise transactions in this Form 4 filing.
Gates Industrial Corp plc director Zhang Peifang received an equity award of 6,097 ordinary shares in the form of time-based restricted stock units (TBRSUs). According to the grant, these TBRSUs vest on the first anniversary of the grant date, with each unit representing a contingent right to receive one ordinary share. After this award, Zhang beneficially owns 61,044 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zhang Peifang
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 6,097 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 61,044 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GTES director Zhang Peifang report on Form 4?
Zhang Peifang reported receiving an equity award of 6,097 ordinary shares of Gates Industrial Corp plc. The shares were granted as time-based restricted stock units, which vest on the first anniversary of the grant date, increasing Zhang’s direct beneficial ownership to 61,044 ordinary shares.
What are time-based restricted stock units (TBRSUs) in the GTES Form 4 filing?
The filing describes TBRSUs as time-based restricted stock units that vest on the first anniversary of the grant date. Each TBRSU represents a contingent right to receive one ordinary share of Gates Industrial Corp plc, subject to the terms of the applicable award agreement.
Was the GTES Form 4 transaction a market purchase or a grant?
The transaction was reported as a grant or award acquisition of 6,097 ordinary shares, not a market purchase. The shares are in the form of time-based restricted stock units with a vesting schedule, and the per-share transaction price is indicated as 0.0000 in the filing.
Is Zhang Peifang’s GTES ownership direct or indirect after this transaction?
The Form 4 indicates that Zhang Peifang’s ownership is direct, coded as “D” for direct ownership. Following the grant of 6,097 time-based restricted stock units, the total directly held ordinary shares of Gates Industrial Corp plc is reported as 61,044.
When do the granted GTES TBRSUs reported by Zhang Peifang vest?
The time-based restricted stock units granted to Zhang Peifang vest on the first anniversary of the grant date. Once vested, each TBRSU entitles the holder to receive one ordinary share of Gates Industrial Corp plc, as specified in the award description.