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Gates Industrial Corp plc (GTES) officer exercises vested stock options

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Gates Industrial Corp plc insider transaction: A company officer, listed as President, Americas, reported exercising performance-based stock options and related share movements. On 12/16/2025, options with an exercise price of $6.56 per share were exercised for 34,658 ordinary shares, with 21,086 ordinary shares withheld at $21.59 per share to cover the exercise price and tax obligations. On 12/18/2025, additional options at $6.56 per share were exercised for 27 ordinary shares, with 16 ordinary shares withheld at $21.44 per share for the same purposes. After these transactions, the officer beneficially owned 242,871 ordinary shares, held directly.

Positive

  • None.

Negative

  • None.
Insider Pitstick Thomas G.
Role President, Americas
Type Security Shares Price Value
Exercise Performance Based Stock Options 27 $0.00 --
Exercise Ordinary Shares 27 $6.56 $177.12
Tax Withholding Ordinary Shares 16 $21.44 $343.04
Exercise Performance Based Stock Options 34,658 $0.00 --
Exercise Ordinary Shares 34,658 $6.56 $227K
Tax Withholding Ordinary Shares 21,086 $21.59 $455K
Holdings After Transaction: Performance Based Stock Options — 0 shares (Direct); Ordinary Shares — 242,887 shares (Direct)
Footnotes (1)
  1. Reflects the exercise of options prior to their expiration. Represents ordinary shares withheld to satisfy the exercise price and tax withholding related obligations in connection with the exercise of the options reported herein. The amount reported is fully vested.
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*
Pitstick Thomas G.
(Last) (First) (Middle)
C/O GATES INDUSTRIAL CORPORATION PLC
1144 FIFTEENTH STREET, 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Americas
3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025
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 12/16/2025 M(1) 34,658 A $6.56 263,946 D
Ordinary Shares 12/16/2025 F(2) 21,086 D $21.59 242,860 D
Ordinary Shares 12/18/2025 M(1) 27 A $6.56 242,887 D
Ordinary Shares 12/18/2025 F(2) 16 D $21.44 242,871 D
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
Performance Based Stock Options $6.56 12/16/2025 M 34,658 (3) 01/11/2026 Ordinary Shares 34,658 $0 27 D
Performance Based Stock Options $6.56 12/18/2025 M 27 (3) 01/11/2026 Ordinary Shares 27 $0 0 D
Explanation of Responses:
1. Reflects the exercise of options prior to their expiration.
2. Represents ordinary shares withheld to satisfy the exercise price and tax withholding related obligations in connection with the exercise of the options reported herein.
3. The amount reported is fully vested.
Remarks:
/s/ Hillary Barrett-Osborne as attorney-in-fact 12/18/2025
** 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

FAQ

What insider transaction did Gates Industrial Corp plc (GTES) report in this Form 4?

The filing reports that a company officer exercised performance-based stock options and had some ordinary shares withheld to cover the option exercise price and related tax obligations.

Who is the reporting person in the Gates Industrial Corp plc (GTES) Form 4 and what is their role?

The reporting person is an officer of Gates Industrial Corp plc, identified with the title President, Americas, and is filing individually as one reporting person.

What stock options did the Gates Industrial Corp plc (GTES) officer exercise?

The officer exercised performance-based stock options with an exercise price of $6.56 per share on 12/16/2025 and 12/18/2025, each option corresponding to one ordinary share.

How many Gates Industrial Corp plc (GTES) shares were withheld to cover costs?

The filing states that 21,086 ordinary shares on 12/16/2025 and 16 ordinary shares on 12/18/2025 were withheld to satisfy the option exercise price and related tax withholding obligations.

How many Gates Industrial Corp plc (GTES) shares does the officer own after these transactions?

Following the reported transactions, the officer beneficially owned 242,871 ordinary shares of Gates Industrial Corp plc, held directly.

What do the transaction codes M and F mean in this Gates Industrial Corp plc (GTES) Form 4?

In this filing, code M is used for the exercise of stock options, and code F is used for shares withheld to satisfy the exercise price and tax-related obligations associated with those option exercises.

Are the performance-based stock options in the Gates Industrial Corp plc (GTES) filing vested?

The explanation states that the amount of performance-based stock options reported as exercised is fully vested, and they were exercised before their expiration date of 01/11/2026.