SIMPKINS NEIL P 4
4 · Gates Industrial Corp plc · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Gates Industrial (GTES) Director Neil P. Simpkins Receives Award
What Happened
Neil P. Simpkins, a director of Gates Industrial Corp plc (GTES), received a grant of 11,623 restricted stock units on 2026-03-04. The award is reported as an acquisition (code A) at $0.00 per unit; each TBRSU is a contingent right to receive one ordinary share if vesting conditions are met. This is a compensation award (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-03-04; Filing date: 2026-03-06 (appears timely).
- Instrument: 11,623 time‑based restricted stock units (TBRSUs), reported at $0.00.
- Vesting: Per footnote, TBRSUs vest on the first anniversary of the grant (see F1).
- Shares owned after transaction: Not specified in the provided excerpt.
- Beneficial ownership: Reporting person disclaims beneficial ownership except for any pecuniary interest (see F2).
Context
TBRSUs are a form of equity compensation that convert to shares only if vesting conditions are met; they do not represent immediate stock purchases or sales and therefore are not a direct market sentiment signal. The award increases potential future share holdings if Simpkins remains eligible through the vesting date.
Insider Transaction Report
- Award
Ordinary Shares
[F1]2026-03-04+11,623→ 42,809 total
- 1,001,211(indirect: By LLC)
Ordinary Shares
[F2]
Footnotes (2)
- [F1]Represents time-based restricted stock units ("TBRSU") which, subject to the applicable award agreement, vest on the first anniversary date of the grant. Each TBRSU represents a contingent right to receive one share of the issuer ordinary shares.
- [F2]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.