Gates Industrial (GTES) CAO vests RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Gates Industrial Corp plc Chief Accounting Officer John Patouhas reported routine equity compensation activity. On June 17, 2026, time-based restricted stock units (TBRSUs) vested, resulting in the acquisition of 3,333 ordinary shares at a conversion price of $0.00 per share.

In connection with this vesting, 960 ordinary shares were disposed of to cover par value and tax withholding obligations, a non-market “F” code tax-withholding disposition. After these transactions, Patouhas directly holds 6,348 ordinary shares and 14,363 TBRSUs that remain subject to future vesting.

Insider Trade Summary

3,333 shares exercised/converted

Mixed 3 txns

Insider Patouhas John

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Time-Based Restricted Stock Units	3,333	$0.00	--
Exercise	Ordinary Shares	3,333	$0.00	--
Tax Withholding	Ordinary Shares	960	$27.69	$27K

Holdings After Transaction: Time-Based Restricted Stock Units — 14,363 shares (Direct, null); Ordinary Shares — 7,308 shares (Direct, null)

Footnotes (1)

1. Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date. Represents ordinary shares withheld to satisfy par value and certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs. Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof). The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects all TBRSUs outstanding subject to future vesting.

Key Figures

Shares acquired from TBRSU vesting: 3,333 shares Shares withheld for taxes and par value: 960 shares Price used for tax-withholding disposition: $27.69 per share +2 more

5 metrics

Shares acquired from TBRSU vesting 3,333 shares Ordinary shares received on June 17, 2026 from TBRSU conversion

Shares withheld for taxes and par value 960 shares Ordinary shares disposed of via F-code tax-withholding transaction

Price used for tax-withholding disposition $27.69 per share Valuation per ordinary share in tax-withholding transaction

Ordinary shares held after transactions 6,348 shares Direct holdings of Gates Industrial ordinary shares after June 17, 2026

TBRSUs outstanding after vesting 14,363 units Time-based restricted stock units remaining subject to future vesting

Key Terms

Time-Based Restricted Stock Units, tax-withholding disposition, Exercise or conversion of derivative security, contingent right to receive one share

4 terms

Time-Based Restricted Stock Units financial

"security_title: "Time-Based Restricted Stock Units""

Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

contingent right to receive one share financial

"Each TBRSU represents a contingent right to receive one share"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 05:55 PM Accepted by SEC EDGAR 06/22/2026 - 05:54 PM Learn about SEC filing dates

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^*

Patouhas John

(Last) (First) (Middle)

C/O GATES INDUSTRIAL CORPORATION PLC

1144 FIFTEENTH STREET, SUITE 1400

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/17/2026		M		3,333	A	$0(1)	7,308	D
Ordinary Shares	06/17/2026		F(2)		960	D	$27.69	6,348	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
Time-Based Restricted Stock Units	(3)	06/17/2026		M			3,333	(4)	(4)	Ordinary Shares	3,333	$0	14,363	D

Explanation of Responses:

1. Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.

2. Represents ordinary shares withheld to satisfy par value and certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.

3. Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares. The TBRSUs will be settled in either ordinary shares or cash (or a combination thereof).

4. The reporting person was granted TBRSUs that vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The number set forth in Column 9 reflects all TBRSUs outstanding subject to future vesting.

Remarks:

	/s/ Hillary Barrett-Osborne, as Attorney-in-Fact	06/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did GTES Chief Accounting Officer John Patouhas report?

John Patouhas reported the vesting of time-based restricted stock units and related share movements. He acquired 3,333 ordinary shares from TBRSU vesting and had 960 shares withheld to cover par value and tax obligations, reflecting standard equity compensation mechanics rather than open-market trading.

Did John Patouhas buy or sell Gates Industrial (GTES) shares on the open market?

The filing does not show open-market buying or selling. It reports shares acquired through TBRSU vesting and an “F” code tax-withholding disposition, where 960 shares were withheld to satisfy par value and tax obligations, rather than being sold in the market to third-party buyers.

How many Gates Industrial ordinary shares does John Patouhas hold after these transactions?

After the reported transactions, John Patouhas directly holds 6,348 ordinary shares. This balance reflects the 3,333 shares received from TBRSU vesting, net of the 960 shares disposed of for tax and par value obligations in connection with the same vesting event.

What are TBRSUs in the Gates Industrial (GTES) Form 4 for John Patouhas?

TBRSUs are time-based restricted stock units that convert into ordinary shares upon vesting. Each TBRSU represents a right to receive one Gates Industrial ordinary share or cash. Patouhas’ TBRSUs vest in three equal annual installments starting on the first anniversary of the grant date.

How many TBRSUs remain outstanding for John Patouhas at Gates Industrial?

Following the vesting reported in this Form 4, 14,363 TBRSUs remain outstanding for John Patouhas. According to the disclosure, this figure represents all time-based restricted stock units still subject to future vesting under his existing equity award schedule.

Is the John Patouhas Form 4 for GTES a routine compensation event?

The transactions appear to reflect routine equity compensation mechanics. TBRSUs vested into 3,333 ordinary shares, and 960 shares were withheld to satisfy par value and certain tax-withholding obligations, rather than indicating discretionary buying or selling decisions in the open market.