Director at Gates Industrial (NYSE: GTES) receives 6,097 TBRSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mains Stephanie K. reported acquisition or exercise transactions in this Form 4 filing.
Gates Industrial Corp plc director Stephanie K. Mains received an equity grant of 6,097 time-based restricted stock units on ordinary shares. These units vest on the first anniversary of the grant, with each unit delivering one ordinary share, bringing her direct holdings to 64,499 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mains Stephanie K.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 6,097 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 64,499 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Gates Industrial (GTES) report for Stephanie K. Mains?
Gates Industrial reported that director Stephanie K. Mains acquired 6,097 time-based restricted stock units. These units are tied to ordinary shares and represent an equity award, not an open-market purchase, increasing her direct holdings to 64,499 ordinary shares after the grant.
What type of security was granted to Stephanie K. Mains at Gates Industrial (GTES)?
Stephanie K. Mains received time-based restricted stock units, or TBRSUs, linked to Gates Industrial’s ordinary shares. Each TBRSU represents a contingent right to receive one ordinary share when vesting conditions are satisfied, functioning as a form of stock-based compensation for the director.
When do the time-based restricted stock units granted by Gates Industrial (GTES) vest?
The time-based restricted stock units granted to Stephanie K. Mains vest on the first anniversary of the grant date. Vesting is subject to the applicable award agreement, meaning continued service and any specified conditions must be met before she receives the underlying ordinary shares.
Did Stephanie K. Mains pay a purchase price for the Gates Industrial (GTES) TBRSU grant?
The reported per‑share price for the 6,097 granted units is zero, indicating this was a compensatory award rather than a cash purchase. Such grants are typically part of director compensation, providing potential future ownership once the restricted stock units vest into ordinary shares.
Does the Gates Industrial (GTES) Form 4 reflect a buy or an award for Stephanie K. Mains?
The Form 4 shows an award-type acquisition, coded as a grant or other acquisition rather than an open-market buy. It reflects 6,097 time-based restricted stock units granted as compensation, increasing Stephanie K. Mains’ direct stake without a market transaction for existing shares.