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Gates Industrial Corp plc·4

Feb 19, 4:46 PM ET

Bracken Cristin C. 4

4 · Gates Industrial Corp plc · Filed Feb 19, 2026

Research Summary

AI-generated summary of this filing

Updated

Gates (GTES) CLO Cristin Bracken Exercises Stock Options

What Happened

  • Cristin Bracken, Chief Legal Officer of Gates Industrial (GTES), exercised stock options on Feb 17, 2026. The exercises resulted in the issuance of 70,362 ordinary shares at various strike prices (aggregate exercise cost ≈ $1,062,281).
  • To satisfy the exercise price and tax withholding, the company withheld 52,644 shares (valued at $27.33 each, total ≈ $1,438,761), leaving Bracken with a net increase of 17,718 shares. No ordinary shares were sold in the open market.

Key Details

  • Transaction date: 2026-02-17. Market price used for withholding: $27.33 per share.
  • Options exercised (examples): 9,536 @ $13.44, 9,536 @ $20.16, 9,762 @ $16.46, 11,190 @ $12.60, 20,802 @ $15.00 (total 70,362 shares; total exercise cost ≈ $1.06M).
  • Shares withheld for taxes/exercise (net settlement): 52,644 shares (total withholding value ≈ $1.44M).
  • Shares owned after transaction: not specified in the provided filing.
  • Footnotes: F1 = exercised prior to expiration; F2 = shares withheld to satisfy exercise price and tax withholding via net settlement (no open-market sale); F3 = amount was fully vested.
  • Filing timeliness: Form filed Feb 19, 2026 (timely; within the typical 2-business-day reporting window).

Context

  • This was an option exercise with net settlement (company withheld shares to cover costs and tax obligations). The filing shows the option instruments were converted and withheld shares used—there was no reported open-market sale.
  • Such exercises are often routine (e.g., vesting or exercising ahead of expiration) and do not by themselves indicate a change in insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-02-17
Gates Industrial Corp plcGTES
Bracken Cristin C.
Chief Legal Officer
Transactions
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-02-17$13.44/sh+9,536$128,164→ 146,614 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-17$27.33/sh−6,809$186,090→ 139,805 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-02-17$20.16/sh+9,536$192,246→ 149,341 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-17$27.33/sh−8,128$222,138→ 141,213 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-02-17$13.44/sh+9,536$128,164→ 150,749 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-17$27.33/sh−6,809$186,090→ 143,940 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-02-17$16.46/sh+9,762$160,683→ 153,702 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-17$27.33/sh−7,578$207,107→ 146,124 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-02-17$12.60/sh+11,190$140,994→ 157,314 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-17$27.33/sh−7,797$213,092→ 149,517 total
  • Exercise/Conversion

    Ordinary Shares

    [F1]
    2026-02-17$15.00/sh+20,802$312,030→ 170,319 total
  • Tax Payment

    Ordinary Shares

    [F2]
    2026-02-17$27.33/sh−15,523$424,244→ 154,796 total
  • Exercise/Conversion

    Performance Based Stock Options

    [F3]
    2026-02-17−9,536→ 0 total
    Exercise: $13.44Exp: 2027-09-19→ Ordinary Shares (9,536 underlying)
  • Exercise/Conversion

    Performance Based Stock Options

    [F3]
    2026-02-17−9,536→ 0 total
    Exercise: $20.16Exp: 2027-09-19→ Ordinary Shares (9,536 underlying)
  • Exercise/Conversion

    Employee Stock Options (right to buy)

    [F3]
    2026-02-17−9,536→ 0 total
    Exercise: $13.44Exp: 2027-09-19→ Ordinary Shares (9,536 underlying)
  • Exercise/Conversion

    Employee Stock Options (right to buy)

    [F3]
    2026-02-17−9,762→ 0 total
    Exercise: $16.46Exp: 2029-02-22→ Ordinary Shares (9,762 underlying)
  • Exercise/Conversion

    Employee Stock Options (right to buy)

    [F3]
    2026-02-17−11,190→ 0 total
    Exercise: $12.60Exp: 2030-02-21→ Ordinary Shares (11,190 underlying)
  • Exercise/Conversion

    Employee Stock Options (right to buy)

    [F3]
    2026-02-17−20,802→ 0 total
    Exercise: $15.00Exp: 2031-02-26→ Ordinary Shares (20,802 underlying)
Footnotes (3)
  • [F1]Reflects the exercise of options prior to their expiration.
  • [F2]Represents ordinary shares withheld to satisfy the exercise price and tax withholding related obligations in connection with the exercise via net settlement of the options reported herein. No ordinary shares were sold.
  • [F3]The amount reported is fully vested,
Signature
/s/ Hillary Barrett-Osborne as Attorney-in-Fact|2026-02-19

Documents

1 file
  • 4
    wk-form4_1771537575.xmlPrimary

    FORM 4