Gates Industrial CEO exercises RSUs, withholds shares
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Time-Based Restricted Stock Units | 63,394 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 63,394 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 27,748 | $27.57 | $765K |
| Exercise | Time-Based Restricted Stock Units | 49,225 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 49,225 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 21,546 | $27.57 | $594K |
| holding | Ordinary Shares | -- | -- | -- |
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.
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What insider transactions did GTES CEO Ivo Jurek report on this Form 4?
What Gates Industrial (GTES) equity awards remain unvested for Ivo Jurek?
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