Gates Industrial Corp plc — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gates Industrial Corp plc (GTES)
CIK: 0001718512
Period of Report: 2023-02-12

Reporting Person: Gawronski Grant (Chief Commercial Officer & EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-12	Ordinary Shares	M	18157	$0.00	Acquired	162403	Direct
2023-02-12	Ordinary Shares	F	4586	$13.87	Disposed	157817	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-12	Performance-Based Restricted Stock Units (PBRSU)	$	M	18157	Disposed		Ordinary Shares (18157)	Direct
2023-02-12	Performance-Based Restricted Stock Units (PBRSU)	$	D	25075	Disposed		Ordinary Shares (25075)	Direct

Footnotes

F1: Represents the number of ordinary shares vested pursuant to the performance-based restricted stock unit ("PBRSU") award granted on February 21, 2020 and reported on the Form 4 filed with the Securities and Exchange Commission on February 25, 2020, following the Compensation Committee's certification on February 12, 2023 of the Company's achievement of 42% of the three year performance measure, which was based 50% on total shareholder return with relative measures and 50% on adjusted return on invested capital.

F2: Represents ordinary shares withheld to satisfy certain tax and par value withholdings in connection with the vesting of the PBRSUs.

F3: Each PBRSU represents a contingent right to receive one ordinary share.

F4: Represents the portion of the PBRSU award granted on February 21, 2020 that did not vest and was forfeited in connection with the certification described above.