Gates CEO Ivo vests 190,181 PBRSUs, shares withheld

Gates Industrial Corp plc Chief Executive Officer and Director Jurek Ivo reported the vesting of performance-based restricted stock units on February 4, 2026.

Rhea-AI Filing Summary

Gates Industrial Corp plc Chief Executive Officer and Director Jurek Ivo reported the vesting of performance-based restricted stock units on February 4, 2026. A PBRSU award granted on March 1, 2023 vested into 190,181 ordinary shares after the company achieved 160.5% of target on a three‑year performance measure.

Following this vesting, 305,240 ordinary shares were acquired at $0 upon option-style settlement, and 133,615 ordinary shares were withheld at $23.76 to cover tax and par value obligations. After these transactions, Ivo directly beneficially owned 1,960,386 ordinary shares and indirectly held 680,894 ordinary shares through a trust.

Insider Trade Summary

190,181 shares exercised/converted

Exercise 4 txns

Insider Jurek Ivo

Role Chief Exec Officer & Director

Type	Security	Shares	Price	Value
Exercise	Performance-Based Restricted Stock Units	190,181	$0.00	$0.00
Exercise	Ordinary Shares	305,240	$0.00	$0.00
Exercise Price or Tax Liability	Ordinary Shares	133,615	$23.76	$3.17M
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Performance-Based Restricted Stock Units — 0 contracts (Direct); Ordinary Shares — 1,960,386 shares (Direct); Ordinary Shares — 680,894 shares (Indirect, By Trust)

Footnotes (3)

1. F1. Represents ordinary shares that vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on March 1, 2023, following the Compensation Committee's certification on February 4, 2026 of the Company's achievement of 160.5% of target for the three year performance measure, which was based 25% on total shareholder return with relative measures and 75% on adjusted return on invested capital.
2. F2. Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs.
3. F3. Each PBRSU represents a contingent right to receive one ordinary share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Gates (GTES) CEO Jurek Ivo report?

Jurek Ivo reported the vesting of performance-based restricted stock units that converted into 190,181 ordinary shares on February 4, 2026. These units came from a March 1, 2023 PBRSU grant tied to a three-year performance measure.

How many Gates (GTES) shares did Jurek Ivo acquire and at what price?

In connection with the PBRSU vesting, Jurek Ivo acquired 305,240 ordinary shares at a price of $0 per share. This reflects settlement of equity awards rather than an open-market purchase for cash consideration.

Why were 133,615 Gates (GTES) shares withheld in this Form 4 filing?

The filing states that 133,615 ordinary shares were withheld at $23.76 per share to satisfy certain tax and par value withholding obligations arising from the vesting of the performance-based restricted stock units.

What performance result triggered Jurek Ivo’s PBRSU vesting at Gates (GTES)?

The PBRSU award vested after the Compensation Committee certified that Gates achieved 160.5% of target for a three-year performance measure. That measure was based 25% on relative total shareholder return and 75% on adjusted return on invested capital.

How many Gates (GTES) shares does Jurek Ivo own after this transaction?

After the reported transactions, Jurek Ivo directly beneficially owned 1,960,386 ordinary shares. In addition, he had an indirect beneficial holding of 680,894 ordinary shares through a trust, as disclosed in the ownership table.

What are PBRSUs in the context of Gates (GTES) executive compensation?

At Gates, the filing describes PBRSUs as performance-based restricted stock units where each PBRSU represents a contingent right to receive one ordinary share. Vesting depended on company performance over three years relative to shareholder return and adjusted return on invested capital.

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

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Accepted by SEC EDGAR 02/06/2026 - 04:48 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^*

Jurek Ivo

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Exec Officer & Director

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	02/04/2026		M		305,240(1)	A	$0	2,094,001	D
Ordinary Shares	02/04/2026		F		133,615(2)	D	$23.76	1,960,386	D
Ordinary Shares								680,894	I	By Trust

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 Restricted Stock Units	(3)	02/04/2026		M			190,181	(1)	(1)	Ordinary Shares	190,181	$0	0	D

Explanation of Responses:

1. Represents ordinary shares that vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on March 1, 2023, following the Compensation Committee's certification on February 4, 2026 of the Company's achievement of 160.5% of target for the three year performance measure, which was based 25% on total shareholder return with relative measures and 75% on adjusted return on invested capital.

2. Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs.

3. Each PBRSU represents a contingent right to receive one ordinary share.

Remarks:

	/s/ Hillary Barrett-Osborne as Attorney-in-Fact	02/06/2026
	** 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).
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