Gates Industrial (GTES) director awarded 6,097 time-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CANTIE JOSEPH S reported acquisition or exercise transactions in this Form 4 filing.
Gates Industrial Corp plc director Joseph S. Cantie reported an equity award of 6,097 time-based restricted stock units. These TBRSUs were granted at no cash cost and, under the award terms, vest on the first anniversary of the grant date. Each TBRSU represents a contingent right to receive one ordinary share of Gates Industrial. After this award, Cantie holds 13,968 ordinary shares or equivalent rights in total on a direct ownership basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CANTIE JOSEPH S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 6,097 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 13,968 shares (Direct)
Footnotes (1)
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FAQ
What did Gates Industrial (GTES) director Joseph S. Cantie report on this Form 4?
Director Joseph S. Cantie reported receiving an equity award of 6,097 time-based restricted stock units of Gates Industrial Corp plc. These units were acquired at no cash cost and increase his directly held ordinary shares or equivalent rights to 13,968 following the grant.
What type of equity did Joseph S. Cantie receive from Gates Industrial (GTES)?
Joseph S. Cantie received time-based restricted stock units (TBRSUs) tied to Gates Industrial ordinary shares. Each TBRSU represents a contingent right to receive one ordinary share, subject to vesting conditions described in the applicable award agreement for this grant.
When do Joseph S. Cantie’s Gates Industrial (GTES) restricted stock units vest?
The time-based restricted stock units granted to Joseph S. Cantie vest on the first anniversary of the grant date, as described in the award agreement. Once vested, each TBRSU provides the right to receive one ordinary share of Gates Industrial Corp plc, subject to plan terms.
Did Joseph S. Cantie pay cash for the Gates Industrial (GTES) equity reported on this Form 4?
No, the reported equity award to Joseph S. Cantie was granted at a price of $0.0000 per unit. The transaction reflects a grant or award acquisition of 6,097 time-based restricted stock units, rather than an open-market purchase involving cash consideration.