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Gates Industrial insider filing shows routine RSU conversion

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Form 4 filed 29 Jul 2025 reports Gates Industrial (GTES) Chief Legal Officer Cristin C. Bracken’s scheduled equity-comp vesting.

  • 20,347 ordinary shares acquired at $0 via time-based RSU (TBRSU) conversion on 27 Jul 2025.
  • 8,907 shares automatically withheld at $25.31 to cover par value and tax obligations.
  • Net direct ownership increase: +11,440 shares.
  • Post-transaction holdings: 108,085 ordinary shares directly owned plus 51,275 unvested RSUs subject to future vesting.

No open-market transactions occurred; activity is routine compensation settlement and is unlikely to be materially market-moving.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU vesting; minor net share gain, negligible market impact.

The filing shows a normal TBRSU conversion rather than discretionary buying or selling. Roughly US$290k worth of shares were withheld for taxes, leaving the executive with a modest net gain of ~11k shares. Total direct stake now equals ~US$2.7 m at the 25.31 reference price, which remains immaterial versus GTES’s ~US$3 bn market cap. No signal of confidence or concern is implied; therefore the disclosure is fundamentally neutral for valuation.

Insider Bracken Cristin C.
Role Chief Legal Officer
Type Security Shares Price Value
Exercise Time-Based Restricted Stock Units 20,347 $0.00 $0.00
Exercise Ordinary Shares 20,347 $0.00 $0.00
Exercise Price or Tax Liability Ordinary Shares 8,907 $25.31 $225K
Holdings After Transaction: Time-Based Restricted Stock Units — 51,275 shares (Direct); Ordinary Shares — 108,085 shares (Direct)
Footnotes (4)
  1. F1. Represents time-based restricted stock units ("TBRSU") that vested on the anniversary of the grant date.
  2. F2. Represents ordinary shares withheld to satisfy par value and certain tax withholding related obligations in connection with the vesting of previously granted TBRSUs.
  3. 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).
  4. 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.

FAQ

How many GTES shares did Cristin Bracken acquire on 27-Jul-2025?
She acquired 20,347 ordinary shares through the vesting of time-based RSUs.

Why were 8,907 GTES shares disposed of in the same Form 4?
Those shares were withheld at $25.31 to satisfy par value and tax-withholding obligations linked to the RSU vesting.

What is Cristin Bracken’s total direct ownership after the transaction?
Her direct holdings total 108,085 ordinary shares, plus 51,275 RSUs that are still unvested.

Does the Form 4 suggest insider buying or selling pressure for GTES stock?
No. The activity reflects routine equity-compensation settlement and is generally considered neutral to market sentiment.

When will the remaining RSUs vest?
The outstanding TBRSUs vest in three substantially equal annual installments beginning on the first anniversary of the original grant date.

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

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Form 4 Insider Transactions: What Each Field Means →
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).
1. Name and Address of Reporting Person*
Bracken Cristin C.
(Last) (First) (Middle)
C/O GATES INDUSTRIAL CORPORATION PLC
1144 FIFTEENTH, 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2025
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 07/27/2025 M 20,347 A $0.00(1) 116,992 D
Ordinary Shares 07/27/2025 F(2) 8,907 D $25.31 108,085 D
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) 07/27/2025 M 20,347 (4) (4) Ordinary Shares 20,347 $0.00 51,275 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.
/s/ Hillary Barrett-Osborne as attorney-in-fact 07/29/2025
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR