Gates Industrial (NYSE: GTES) CLO nets shares after multiple option exercises
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gates Industrial Corp plc’s Chief Legal Officer, Cristin C. Bracken, reported multiple option exercises dated February 17, 2026. She exercised performance-based and employee stock options, receiving ordinary shares through derivative exercises.
Some of the resulting ordinary shares were withheld to cover the exercise price and related tax obligations via net settlement, and the footnotes clarify that no ordinary shares were sold. After these transactions, Bracken directly owned 154,796 ordinary shares of Gates Industrial.
Positive
- None.
Negative
- None.
Insider Trade Summary
70,362 shares exercised/converted
Mixed
18 txns
Insider
Bracken Cristin C.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Based Stock Options | 9,536 | $0.00 | -- |
| Exercise | Performance Based Stock Options | 9,536 | $0.00 | -- |
| Exercise | Employee Stock Options (right to buy) | 9,536 | $0.00 | -- |
| Exercise | Employee Stock Options (right to buy) | 9,762 | $0.00 | -- |
| Exercise | Employee Stock Options (right to buy) | 11,190 | $0.00 | -- |
| Exercise | Employee Stock Options (right to buy) | 20,802 | $0.00 | -- |
| Exercise | Ordinary Shares | 9,536 | $13.44 | $128K |
| Tax Withholding | Ordinary Shares | 6,809 | $27.33 | $186K |
| Exercise | Ordinary Shares | 9,536 | $20.16 | $192K |
| Tax Withholding | Ordinary Shares | 8,128 | $27.33 | $222K |
| Exercise | Ordinary Shares | 9,536 | $13.44 | $128K |
| Tax Withholding | Ordinary Shares | 6,809 | $27.33 | $186K |
| Exercise | Ordinary Shares | 9,762 | $16.46 | $161K |
| Tax Withholding | Ordinary Shares | 7,578 | $27.33 | $207K |
| Exercise | Ordinary Shares | 11,190 | $12.60 | $141K |
| Tax Withholding | Ordinary Shares | 7,797 | $27.33 | $213K |
| Exercise | Ordinary Shares | 20,802 | $15.00 | $312K |
| Tax Withholding | Ordinary Shares | 15,523 | $27.33 | $424K |
Holdings After Transaction:
Performance Based Stock Options — 0 shares (Direct);
Employee Stock Options (right to buy) — 0 shares (Direct);
Ordinary Shares — 146,614 shares (Direct)
Footnotes (1)
- Reflects the exercise of options prior to their expiration. 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. The amount reported is fully vested,
FAQ
What insider activity did Gates Industrial (GTES) report for Cristin C. Bracken?
Gates Industrial reported that Chief Legal Officer Cristin C. Bracken exercised performance-based and employee stock options on February 17, 2026. The exercises delivered ordinary shares, with some shares withheld to cover exercise price and tax obligations through net settlement.
What do the M and F transaction codes mean in the Gates Industrial (GTES) Form 4?
Code M indicates the exercise or conversion of derivative securities, such as stock options, into ordinary shares. Code F represents shares withheld to pay the exercise price or tax liabilities, meaning those shares were not sold in open-market transactions.
What types of securities were involved in Cristin C. Bracken’s Gates Industrial (GTES) Form 4?
The Form 4 includes performance-based stock options, employee stock options described as rights to buy, and resulting ordinary shares. The options were exercised, generating ordinary shares, and a portion of those shares was withheld to satisfy exercise price and tax obligations.
Is Cristin C. Bracken’s ownership in Gates Industrial (GTES) direct or indirect after these transactions?
The filing classifies Cristin C. Bracken’s post-transaction holdings as direct ownership. The ownership code and direct-or-indirect indicators both show “D,” meaning she directly holds the 154,796 ordinary shares reported following the February 17, 2026 transactions.