Gates Industrial (GTES) CEO converts TBRSUs and withholds shares for taxes

Rhea-AI Filing Summary

Gates Industrial Corp plc Chief Executive Officer and Director Ivo Jurek reported multiple equity award transactions involving time-based restricted stock units (TBRSUs) and ordinary shares. On February 28, 2026, TBRSUs covering 49,225 units vested and were converted into the same number of ordinary shares at $0.00 per share, with 21,546 ordinary shares valued at $27.57 per share withheld to cover par value and tax obligations. On March 1, 2026, additional TBRSUs covering 63,394 units vested and converted into 63,394 ordinary shares at $0.00 per share, with 27,748 ordinary shares valued at $27.57 per share similarly withheld for obligations. Following these transactions, Jurek directly owned 2,023,711 ordinary shares and had 289,630 TBRSUs outstanding that remain subject to future vesting, while a trust indirectly held 680,894 ordinary shares.

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

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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)
02/28/2026

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	02/28/2026		M		49,225	A	$0(1)	2,009,611	D
Ordinary Shares	02/28/2026		F(2)		21,546	D	$27.57	1,988,065	D
Ordinary Shares	03/01/2026		M		63,394	A	$0(1)	2,051,459	D
Ordinary Shares	03/01/2026		F(2)		27,748	D	$27.57	2,023,711	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
Time-Based Restricted Stock Units	(3)	02/28/2026		M			49,225	(4)	(4)	Ordinary Shares	49,225	$0	289,630	D
Time-Based Restricted Stock Units	(3)	03/01/2026		M			63,394	(4)	(4)	Ordinary Shares	63,394	$0	226,236	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	03/03/2026
	** 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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FAQ

What insider transactions did GTES CEO Ivo Jurek report on this Form 4?

Ivo Jurek reported the vesting and conversion of TBRSUs into ordinary shares and share dispositions to cover obligations. Two TBRSU tranches totaling 112,619 units vested and converted, with portions of the resulting shares withheld for par value and tax-related obligations.

How many Gates Industrial (GTES) TBRSUs vested and converted into shares?

A total of 112,619 TBRSUs vested and converted into ordinary shares. This includes 49,225 units on February 28, 2026 and 63,394 units on March 1, 2026, each TBRSU representing a contingent right to receive one ordinary share of Gates Industrial.

At what price were Gates Industrial (GTES) shares withheld for tax and obligations?

Ordinary shares were withheld at a price of $27.57 per share to satisfy par value and certain tax-related obligations. Specifically, 21,546 shares were withheld on February 28, 2026, and 27,748 shares were withheld on March 1, 2026 under these arrangements.

How many Gates Industrial (GTES) shares does Ivo Jurek directly own after these transactions?

After the reported transactions, Ivo Jurek directly owned 2,023,711 ordinary shares of Gates Industrial. This figure reflects the net result of TBRSU conversions into shares and the share dispositions used to cover par value and tax-related obligations described in the filing.

What Gates Industrial (GTES) equity awards remain unvested for Ivo Jurek?

Ivo Jurek had 289,630 time-based restricted stock units outstanding and still subject to future vesting. These TBRSUs vest in three substantially equal annual installments, with the number reported reflecting all remaining units that have not yet vested as of the latest transaction date.

What indirect Gates Industrial (GTES) holdings related to Ivo Jurek are disclosed?

The filing discloses 680,894 ordinary shares held indirectly by a trust. These trust-held shares are reported as indirect ownership, separate from Jurek’s direct holdings, and reflect an additional block of Gates Industrial ordinary shares associated with the reporting person.