Gates Industrial (GTES) executive updates holdings after TBRSU vesting, grant and tax share withholding

(High)

(Neutral)

Form Type

Rhea-AI Filing Summary

Gates Industrial Corp plc executive Thomas G. Pitstick reported equity compensation changes involving time-based restricted stock units (TBRSUs) and ordinary shares. On March 4, 2026, 10,625 TBRSUs vested and were converted into 10,625 ordinary shares at no cash cost.

He was also granted 20,576 new TBRSUs, each representing a contingent right to one ordinary share, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. To cover par value and tax withholding obligations tied to the vesting, 4,651 ordinary shares were withheld at a price of $26.37 per share.

After these transactions, Pitstick directly held 288,421 ordinary shares and 47,273 TBRSUs subject to future vesting.

Insider Trade Summary

Net Buyer: 5,974 shares

Net Buy 4 txns

Insider Pitstick Thomas G.

Role President, Americas

Type	Security	Shares	Price	Value
Exercise	Time-Based Restricted Stock Units	10,625	$0.00	$0.00
Grant/Award	Time-Based Restricted Stock Units	20,576	$0.00	$0.00
Exercise	Ordinary Shares	10,625	$0.00	$0.00
Exercise Price or Tax Liability	Ordinary Shares	4,651	$26.37	$123K

Holdings After Transaction: Time-Based Restricted Stock Units — 47,273 shares (Direct); Ordinary Shares — 288,421 shares (Direct)

Footnotes (4)

F1. Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.
F2. Represents ordinary shares withheld to satisfy par value and certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
F3. 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).
F4. 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.

FAQ

What insider transactions did Thomas G. Pitstick report for GTES?

Thomas G. Pitstick reported vesting and conversion of 10,625 time-based restricted stock units into ordinary shares, a grant of 20,576 new TBRSUs, and withholding of 4,651 ordinary shares to cover par value and tax-related obligations on March 4, 2026.

How many Gates Industrial (GTES) shares does Thomas G. Pitstick hold after this Form 4?

After the reported transactions, Thomas G. Pitstick directly holds 288,421 ordinary shares of Gates Industrial and 47,273 time-based restricted stock units that remain subject to future vesting, according to the ownership figures disclosed in the Form 4 filing dated March 4, 2026.

What are TBRSUs in the Gates Industrial (GTES) Form 4 for Thomas G. Pitstick?

The filing states each time-based restricted stock unit, or TBRSU, represents a contingent right to receive one ordinary share of Gates Industrial. These TBRSUs can be settled in ordinary shares, cash, or a combination, and they typically vest over time based on anniversary dates.

Why were 4,651 GTES ordinary shares disposed of in Thomas G. Pitstick’s Form 4?

The 4,651 ordinary shares reported as a disposition were withheld to satisfy par value and certain tax withholding obligations connected to the vesting of previously granted TBRSUs, at a reported price of $26.37 per share, rather than being sold in an open market transaction.

How do the new GTES TBRSUs granted to Thomas G. Pitstick vest over time?

The newly granted TBRSUs to Thomas G. Pitstick vest in three substantially equal annual installments, beginning on the first anniversary of the grant date. This schedule means portions of the 20,576 TBRSUs are scheduled to vest each year across a three-year period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/06/2026 - 04:49 PM

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

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)
03/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	03/04/2026		M		10,625	A	$0⁽¹⁾	293,072	D
Ordinary Shares	03/04/2026		F⁽²⁾		4,651	D	$26.37	288,421	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Time-Based Restricted Stock Units	⁽³⁾	03/04/2026		M			10,625	⁽⁴⁾	⁽⁴⁾	Ordinary Shares	10,625	$0	26,697	D
Time-Based Restricted Stock Units	⁽³⁾	03/04/2026		A		20,576		⁽⁴⁾	⁽⁴⁾	Ordinary Shares	20,576	$0	47,273	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	03/06/2026
	** 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.

Source: View Original Filing on SEC EDGAR