AG˹ٷ

STOCK TITAN

[Form 4] Gates Industrial Corporation plc Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Gates Industrial Corp. plc (GTES) � Form 4 insider transaction. On 27-Jul-2025, Thomas G. Pitstick, President-Americas, converted 25,484 time-based RSUs into ordinary shares at no cost (Code M). To cover par value and tax obligations, 11,155 shares were withheld and disposed at $25.31 each (Code F). After the transactions, Pitstick directly owns 229,288 ordinary shares, up 14,329 shares from the prior balance.

In Table II, the 25,484 RSUs were removed from the derivative column; 56,124 RSUs remain outstanding, vesting in two future annual installments. No open-market purchases or sales occurred; activity reflects routine equity award vesting. No changes in indirect ownership were reported.

Gates Industrial Corp. plc (GTES) � Transazione insider Form 4. Il 27 luglio 2025, Thomas G. Pitstick, Presidente-Americhe, ha convertito 25.484 RSU basate sul tempo in azioni ordinarie senza alcun costo (Codice M). Per coprire il valore nominale e gli obblighi fiscali, sono state trattenute e vendute 11.155 azioni a 25,31 $ ciascuna (Codice F). Dopo queste operazioni, Pitstick detiene direttamente 229.288 azioni ordinarie, con un aumento di 14.329 azioni rispetto al saldo precedente.

Nel Tabella II, le 25.484 RSU sono state rimosse dalla colonna dei derivati; rimangono 56.124 RSU in circolazione, che matureranno in due rate annuali future. Non si sono verificate compravendite sul mercato aperto; l’attività riflette la normale maturazione delle assegnazioni azionarie. Non sono stati segnalati cambiamenti nella proprietà indiretta.

Gates Industrial Corp. plc (GTES) � Transacción interna Formulario 4. El 27 de julio de 2025, Thomas G. Pitstick, Presidente para las Américas, convirtió 25,484 RSU basadas en tiempo en acciones ordinarias sin costo (Código M). Para cubrir el valor nominal y las obligaciones fiscales, se retuvieron y vendieron 11,155 acciones a $25.31 cada una (Código F). Después de las transacciones, Pitstick posee directamente 229,288 acciones ordinarias, un aumento de 14,329 acciones respecto al saldo anterior.

En la Tabla II, las 25,484 RSU se eliminaron de la columna de derivados; quedan 56,124 RSU pendientes, que se consolidarán en dos cuotas anuales futuras. No hubo compras ni ventas en el mercado abierto; la actividad refleja la consolidación rutinaria de premios de acciones. No se reportaron cambios en la propiedad indirecta.

Gates Industrial Corp. plc (GTES) � Form 4 내부� 거래. 2025� 7� 27�, Thomas G. Pitstick, 미주 지� 사장� 25,484개의 시간 기반 RSU� 무상으로 보통주로 전환했습니다(코드 M). 액면가 � 세금 의무� 충당하기 위해 11,155주가 원천징수되어 주당 25.31달러� 처분되었습니�(코드 F). 거래 � Pitstick은 직접 229,288주의 보통�� 보유하게 되어 이전 잔액보다 14,329� 증가했습니다.

� II에서� 25,484개의 RSU가 파생상품 열에� 제거되었으며, 56,124개의 RSU가 남아있어 � 차례� 향후 연간 할부� 베스팅됩니다. 공개 시장에서� 매수� 매도� 없었으며, 이번 활동은 일반적인 주식 보상 베스팅을 반영합니�. 간접 소유� 변화는 보고되지 않았습니�.

Gates Industrial Corp. plc (GTES) � Transaction d’initié Formulaire 4. Le 27 juillet 2025, Thomas G. Pitstick, Président-Amériques, a converti 25 484 RSU basées sur le temps en actions ordinaires sans frais (Code M). Pour couvrir la valeur nominale et les obligations fiscales, 11 155 actions ont été retenues et vendues à 25,31 $ chacune (Code F). Après ces opérations, Pitstick détient directement 229 288 actions ordinaires, soit une augmentation de 14 329 actions par rapport au solde précédent.

Dans le tableau II, les 25 484 RSU ont été retirées de la colonne des dérivés ; 56 124 RSU restent en circulation, avec un vesting prévu en deux versements annuels futurs. Aucune transaction sur le marché ouvert n’a eu lieu ; l’activité reflète le vesting régulier des attributions d’actions. Aucun changement dans la propriété indirecte n’a été signalé.

Gates Industrial Corp. plc (GTES) � Insider-Transaktion Form 4. Am 27. Juli 2025 wandelte Thomas G. Pitstick, Präsident-Americas, 25.484 zeitbasierte RSUs kostenfrei in Stammaktien um (Code M). Zur Deckung des Nennwerts und der Steuerpflichten wurden 11.155 Aktien einbehalten und zu je 25,31 $ äß (Code F). Nach den Transaktionen hält Pitstick direkt 229.288 Stammaktien, was einem Anstieg um 14.329 Aktien gegenüber dem vorherigen Bestand entspricht.

In Tabelle II wurden die 25.484 RSUs aus der Derivate-Spalte entfernt; 56.124 RSUs sind weiterhin ausstehend und werden in zwei zukünftigen jährlichen Tranchen vesten. Es gab keine Käufe oder Verkäufe am offenen Markt; die Aktivität spiegelt die routinemäßige Vesting von Aktienzuteilungen wider. Änderungen der indirekten Eigentümerschaft wurden nicht gemeldet.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU vesting; modest net increase in insider holdings, neutral signal.

The filing shows standard equity-award settlement rather than discretionary buying or selling. While the officer’s direct stake rises 6.7%, the net share change is immaterial versus GTES’s ~286 m shares outstanding and therefore unlikely to sway valuation. Remaining 56 k RSUs provide continued alignment but also potential dilution of <0.03%, already incorporated in diluted share count. Overall, the event is governance-routine with negligible market impact.

Gates Industrial Corp. plc (GTES) � Transazione insider Form 4. Il 27 luglio 2025, Thomas G. Pitstick, Presidente-Americhe, ha convertito 25.484 RSU basate sul tempo in azioni ordinarie senza alcun costo (Codice M). Per coprire il valore nominale e gli obblighi fiscali, sono state trattenute e vendute 11.155 azioni a 25,31 $ ciascuna (Codice F). Dopo queste operazioni, Pitstick detiene direttamente 229.288 azioni ordinarie, con un aumento di 14.329 azioni rispetto al saldo precedente.

Nel Tabella II, le 25.484 RSU sono state rimosse dalla colonna dei derivati; rimangono 56.124 RSU in circolazione, che matureranno in due rate annuali future. Non si sono verificate compravendite sul mercato aperto; l’attività riflette la normale maturazione delle assegnazioni azionarie. Non sono stati segnalati cambiamenti nella proprietà indiretta.

Gates Industrial Corp. plc (GTES) � Transacción interna Formulario 4. El 27 de julio de 2025, Thomas G. Pitstick, Presidente para las Américas, convirtió 25,484 RSU basadas en tiempo en acciones ordinarias sin costo (Código M). Para cubrir el valor nominal y las obligaciones fiscales, se retuvieron y vendieron 11,155 acciones a $25.31 cada una (Código F). Después de las transacciones, Pitstick posee directamente 229,288 acciones ordinarias, un aumento de 14,329 acciones respecto al saldo anterior.

En la Tabla II, las 25,484 RSU se eliminaron de la columna de derivados; quedan 56,124 RSU pendientes, que se consolidarán en dos cuotas anuales futuras. No hubo compras ni ventas en el mercado abierto; la actividad refleja la consolidación rutinaria de premios de acciones. No se reportaron cambios en la propiedad indirecta.

Gates Industrial Corp. plc (GTES) � Form 4 내부� 거래. 2025� 7� 27�, Thomas G. Pitstick, 미주 지� 사장� 25,484개의 시간 기반 RSU� 무상으로 보통주로 전환했습니다(코드 M). 액면가 � 세금 의무� 충당하기 위해 11,155주가 원천징수되어 주당 25.31달러� 처분되었습니�(코드 F). 거래 � Pitstick은 직접 229,288주의 보통�� 보유하게 되어 이전 잔액보다 14,329� 증가했습니다.

� II에서� 25,484개의 RSU가 파생상품 열에� 제거되었으며, 56,124개의 RSU가 남아있어 � 차례� 향후 연간 할부� 베스팅됩니다. 공개 시장에서� 매수� 매도� 없었으며, 이번 활동은 일반적인 주식 보상 베스팅을 반영합니�. 간접 소유� 변화는 보고되지 않았습니�.

Gates Industrial Corp. plc (GTES) � Transaction d’initié Formulaire 4. Le 27 juillet 2025, Thomas G. Pitstick, Président-Amériques, a converti 25 484 RSU basées sur le temps en actions ordinaires sans frais (Code M). Pour couvrir la valeur nominale et les obligations fiscales, 11 155 actions ont été retenues et vendues à 25,31 $ chacune (Code F). Après ces opérations, Pitstick détient directement 229 288 actions ordinaires, soit une augmentation de 14 329 actions par rapport au solde précédent.

Dans le tableau II, les 25 484 RSU ont été retirées de la colonne des dérivés ; 56 124 RSU restent en circulation, avec un vesting prévu en deux versements annuels futurs. Aucune transaction sur le marché ouvert n’a eu lieu ; l’activité reflète le vesting régulier des attributions d’actions. Aucun changement dans la propriété indirecte n’a été signalé.

Gates Industrial Corp. plc (GTES) � Insider-Transaktion Form 4. Am 27. Juli 2025 wandelte Thomas G. Pitstick, Präsident-Americas, 25.484 zeitbasierte RSUs kostenfrei in Stammaktien um (Code M). Zur Deckung des Nennwerts und der Steuerpflichten wurden 11.155 Aktien einbehalten und zu je 25,31 $ äß (Code F). Nach den Transaktionen hält Pitstick direkt 229.288 Stammaktien, was einem Anstieg um 14.329 Aktien gegenüber dem vorherigen Bestand entspricht.

In Tabelle II wurden die 25.484 RSUs aus der Derivate-Spalte entfernt; 56.124 RSUs sind weiterhin ausstehend und werden in zwei zukünftigen jährlichen Tranchen vesten. Es gab keine Käufe oder Verkäufe am offenen Markt; die Aktivität spiegelt die routinemäßige Vesting von Aktienzuteilungen wider. Änderungen der indirekten Eigentümerschaft wurden nicht gemeldet.

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*
Pitstick Thomas G.

(Last) (First) (Middle)
C/O GATES INDUSTRIAL CORPORATION PLC
1144 FIFTEENTH STREET, 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)
President, Americas
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 25,484 A $0.00(1) 240,443 D
Ordinary Shares 07/27/2025 F(2) 11,155 D $25.31 229,288 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 25,484 (4) (4) Ordinary Shares 25,484 $0.00 56,124 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.

FAQ

How many Gates Industrial (GTES) shares did Thomas G. Pitstick acquire?

He acquired 25,484 ordinary shares through RSU conversion.

Were any shares sold in the Form 4 filing?

11,155 shares were withheld/disposed at $25.31 to satisfy tax and par value obligations; no open-market sale occurred.

What is Pitstick’s total direct ownership after the transaction?

He now directly owns 229,288 GTES shares.

How many restricted stock units remain outstanding for the insider?

Pitstick retains 56,124 unvested RSUs that vest in two equal future installments.

Does the filing indicate any significant dilution for GTES shareholders?

The remaining RSUs represent <0.03% of shares outstanding, a negligible dilution level.
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6.38B
253.16M
1.15%
109.87%
2.91%
Specialty Industrial Machinery
General Industrial Machinery & Equipment
United States
DENVER