Gates Industrial (NYSE: GTES) awards 6,166 time-based RSUs to Chief Accounting Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Patouhas John reported acquisition or exercise transactions in this Form 4 filing.
Gates Industrial Corp plc reported that Chief Accounting Officer John Patouhas received a grant of 6,166 time-based restricted stock units on ordinary shares. Each unit represents a contingent right to one ordinary share and may be settled in shares, cash, or a combination.
The units vest in three substantially equal annual installments beginning on the first anniversary of the grant date. After this grant, Patouhas directly holds 17,696 time-based restricted stock units that remain subject to future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patouhas John
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time-Based Restricted Stock Units | 6,166 | $0.00 | -- |
Holdings After Transaction:
Time-Based Restricted Stock Units — 17,696 shares (Direct)
Footnotes (1)
- Each time-based restricted stock unit ("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.
FAQ
What insider transaction did GTES report for John Patouhas on this Form 4?
Gates Industrial Corp plc reported that Chief Accounting Officer John Patouhas received a grant of 6,166 time-based restricted stock units. This is a non-cash equity award that increases his contingent right to receive the company’s ordinary shares, subject to vesting conditions.
How many restricted stock units did GTES grant to Chief Accounting Officer John Patouhas?
John Patouhas received 6,166 time-based restricted stock units tied to Gates Industrial’s ordinary shares. These units add to his existing equity awards and are designed as long-term compensation, aligning his interests with shareholders as they vest over multiple years.
What is the vesting schedule for John Patouhas’s new GTES restricted stock units?
The 6,166 time-based restricted stock units vest in three substantially equal annual installments. Vesting begins on the first anniversary of the grant date, spreading the award over three years and encouraging retention while linking compensation to continued service at Gates Industrial Corp plc.
After this grant, how many restricted stock units does John Patouhas hold in GTES?
Following the grant, John Patouhas directly holds 17,696 time-based restricted stock units. This total represents all his outstanding units that remain subject to future vesting, reflecting his accumulated long-term equity compensation linked to Gates Industrial Corp plc’s ordinary shares.
What does each time-based restricted stock unit represent for GTES insiders?
Each time-based restricted stock unit represents a contingent right to receive one Gates Industrial ordinary share. The company may settle these units in ordinary shares, cash, or a combination, giving flexibility while still tying the award’s value to the company’s share performance over time.