Gates: Ivo Jurek At Gates Industrial Corp Capitalizes: Options Exercised, Resulting In $26.45M

In a new SEC filing on March 11, it was revealed that Jurek, Chief Executive Officer at Gates Industrial Corp (NYSE:GTES), executed a significant exercise of company stock options.What Happened: A notable Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission revealed that Jurek, Chief Executive Officer at Gates Industrial Corp, exercised stock options for 2,034,478 shares of GTES, resulting in a transaction value of $26,448,214.Currently, Gates Industrial Corp shares are trading up 0.36%, priced at $19.56 during Wednesday's morning. This values Jurek's 2,034,478 shares at $26,448,214.All You Need to Know About Gates Industrial CorpGates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment. Company operates in USA, United Kingdom, Luxembourg, EMEA, with majority revenue from USA.Financial Milestones: Gates Industrial Corp's JourneyRevenue Challenges: Gates Industrial Corp's ...Full story available on Benzinga.com