Gates Industrial SEC Filings

Gates Industrial Corp plc director James W. Ireland reported a small disposition of company stock linked to vesting of equity awards. On this Form 4, the company withheld 3 Ordinary Shares at a price of $27.57 per share to cover par value upon vesting of previously granted time-based restricted stock units, leaving him with 64,691 Ordinary Shares held directly.

Gates Industrial Corp plc director Neely S. Wilson reported an automatic tax-related share disposition. On February 28, 2026, the company withheld 3 Ordinary Shares at $27.57 per share to cover par value upon vesting of previously granted time-based restricted stock units under U.K. corporate law.

After this withholding, Wilson directly owned 123,101 Ordinary Shares. In addition, Form 4 reports indirect ownership of 6,000 Ordinary Shares held by a trust and 5,952 Ordinary Shares held by a spouse.

Gates Industrial Corp plc director Eliasson Fredrik J had 3 ordinary shares withheld by the company to cover obligations tied to vesting restricted stock units. The transaction on this Form 4 is a tax-related disposition coded as payment of exercise price or tax liability by delivering securities.

After this small, non‑market transaction, he directly holds 188,539 ordinary shares.

Gates Industrial Corp plc director Neil P. Simpkins reported a small tax-related share withholding. On this Form 4, 5 ordinary shares were withheld by the company at $27.57 per share to satisfy payment of par value upon vesting of time-based restricted stock units under U.K. corporate law.

After this disposition, he directly holds 31,186 ordinary shares. He is also reported as indirectly owning 1,001,211 ordinary shares through an LLC and disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.

Gates Industrial Corp plc’s Chief Legal Officer, Cristin C. Bracken, reported multiple option exercises dated February 17, 2026. She exercised performance-based and employee stock options, receiving ordinary shares through derivative exercises.

Some of the resulting ordinary shares were withheld to cover the exercise price and related tax obligations via net settlement, and the footnotes clarify that no ordinary shares were sold. After these transactions, Bracken directly owned 154,796 ordinary shares of Gates Industrial.

Gates Industrial Corporation plc reports Fiscal 2025 net sales of $3,443.2 million, highlighting a diversified portfolio of power transmission and fluid power products sold into largely aftermarket-driven industrial and automotive end markets.

Power transmission products generated about 62% of 2025 net sales, with fluid power contributing roughly 38%. Around 68% of revenue came from higher-margin aftermarket channels, and products were sold in over 130 countries, led by the Americas and EMEA.

The company emphasizes global manufacturing "in‑region, for region," broad distribution, and ongoing R&D in advanced materials, data-center cooling, electrified vehicle systems, and hydraulic solutions. It also discloses extensive risk factors, including macroeconomic volatility, tariffs, supply chain pressures, cybersecurity, regulation, and human-capital challenges affecting its approximately 13,000 employees.

Gates Industrial Corporation plc reported modest sales growth but strong profit gains for 2025 and introduced 2026 guidance. Full-year net sales were $3,443.2 million, up 1.0%, while net income attributable to shareholders rose to $251.4 million, or $0.96 per diluted share, with adjusted net income per diluted share of $1.52. Net income from continuing operations was $277.1 million with an 8.0% margin, and adjusted EBITDA reached $770.1 million, a 22.4% margin.

In the fourth quarter, net sales were $856.2 million, up 3.2%, with net income attributable to shareholders of $51.3 million, or $0.20 per diluted share, and adjusted EBITDA of $187.8 million, a 21.9% margin. The company generated $478.1 million of operating cash flow in 2025, repurchased approximately $105 million of shares, and ended the year with net debt of $1,428.0 million and net leverage of 1.9x. For 2026, Gates guides to core sales growth of 1%–4%, adjusted EBITDA of $775–$835 million, adjusted EPS of $1.52–$1.68, capital expenditures of about $120 million, and free cash flow conversion above 90%.

Gates Industrial Corp plc Chief Executive Officer and Director Jurek Ivo reported the vesting of performance-based restricted stock units on February 4, 2026. A PBRSU award granted on March 1, 2023 vested into 190,181 ordinary shares after the company achieved 160.5% of target on a three‑year performance measure.

Following this vesting, 305,240 ordinary shares were acquired at $0 upon option-style settlement, and 133,615 ordinary shares were withheld at $23.76 to cover tax and par value obligations. After these transactions, Ivo directly beneficially owned 1,960,386 ordinary shares and indirectly held 680,894 ordinary shares through a trust.

Gates Industrial Corp plc’s Chief Financial Officer Lawrence B. Mallard reported the vesting of performance-based restricted stock units and related share withholding. On February 4, 2026, 75,999 ordinary shares were acquired at $0 upon vesting of PBRSUs granted March 1, 2023.

The vesting followed the Compensation Committee’s certification that the company achieved 160.5% of target for its three-year performance measure. On the same date, 33,312 ordinary shares were withheld at $23.76 per share to cover tax and par value obligations. After these transactions, Mallard directly beneficially owned 220,314 ordinary shares.