Form 4: Gates Industrial Corp Director Neely Wilson S Reports Share Transaction
SEC Form 4 Filing
Director Neely Wilson S of Gates Industrial Corp plc reports the disposal of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 1, 2024, Neely Wilson S, a director of Gates Industrial Corp plc, disposed of 7 ordinary shares.
- The shares were withheld by the company to satisfy payment of par value upon the vesting of previously granted time-based restricted stock units (TBRSUs) in accordance with U.K. corporate law.
- The transaction occurred at a price of $14.72 per share.
- Following the transaction, Neely Wilson S beneficially owns 106,657 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to the vesting of restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of share transaction |
| 03/05/2024 | Date of signature on the report |
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