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Industrials & Aerospace

Gates Industrial Corp Executive Compensation (FY25)

GTES · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Ivo Jurek
Latest say-on-pay support
=
June 5, 2025
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Data as of November 5, 2026Latest filing (DEF 14A): April 20, 2026
10 filings cited on this page
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269 figures on this page: 263 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on Gates Industrial Corp

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ivo Jurek: $9,962,640 → $9,911,358 (0.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Gates Industrial Corp's chief executive and what were they paid?
Total compensation for Ivo Jurek, Chief Executive Officer, came to $9,911,358 in fiscal 2025. Jurek's total moved 0.5% lower from the $9,962,640 reported for fiscal 2024.
What was Gates Industrial Corp's say-on-pay result?
The say-on-pay proposal drew 98.3% of votes cast for or against in favor at the meeting held June 5, 2025 for fiscal 2024.
Which companies are in Gates Industrial Corp's peer group?
The disclosed peer group names AMETEK, Inc., Crane Company, Donaldson Company, Inc., Dover Corporation and ESAB Corporation, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ivo Jurek
Chief Executive Officer
◇—◇—◇—◇◇
L. Brooks Mallard
Chief Financial Officer
◇—◇—◇—◇◇
Grant Gawronski
Chief Commercial Officer
◇—◇—◇—◇◇
Walter Lifsey
Former Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Thomas Pitstick
Chief Strategy Officer
◇—◇—◇—◇◇
Cristin Bracken
Chief Legal Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ivo Jurek
Chief Executive Officer
◇—◇—◇—◇◇
L. Brooks Mallard
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Thomas Pitstick
Senior Vice President, President Americas
◇—◇—◇—◇◇
Cristin Bracken
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ivo Jurek
Chief Executive Officer
◇—◇—◇—◇◇
L. Brooks Mallard
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Thomas Pitstick
Senior Vice President, President Americas
◇—◇—◇—◇◇
Cristin Bracken
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Gwen Montgomery
Former Executive Vice President, Chief Human Resources Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ivo Jurek
Chief Executive Officer
◇—◇—◇—◇◇
Gwen Montgomery
Former Executive Vice President, Chief Human Resources Officer
Departed during or after this year
◇—◇—◇—◇◇
L. Brooks Mallard
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Thomas Pitstick
Senior Vice President, President Americas
◇—◇—◇—◇◇
Cristin Bracken
Executive Vice President, Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Cristin Bracken—◇——◇——◇
Cristin Bracken—◇◇◇—◇—◇
Gwen MontgomeryRSU◇——◇——◇
Gwen MontgomeryPSU◇◇◇—◇—◇
Gwen MontgomeryPRSU◇—————◇
Gwen MontgomeryPSU◇◇◇—◇—◇
Gwen MontgomeryRSU◇——◇——◇
Ivo Jurek—◇◇◇—◇—◇
Ivo Jurek—◇——◇——◇
L. Brooks Mallard—◇——◇——◇
L. Brooks Mallard—◇◇◇—◇—◇
Thomas PitstickPRSU◇—————◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ivo JurekPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
L. Brooks MallardPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Thomas PitstickPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Cristin BrackenPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Cristin Bracken
Executive Vice President, Chief Legal Officer and Corporate Secretary · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Gwen Montgomery
Former Executive Vice President, Chief Human Resources Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Severance cash amount◇
Non-compete period◇
Non-solicit period◇
Ivo Jurek
Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
L. Brooks Mallard
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Thomas Pitstick
Senior Vice President, President Americas · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Neil P. Simpkins
Board chair
◇◇————◇
Fredrik Eliasson
◇◇————◇
Wilson S. Neely
◇◇————◇
James W. Ireland, III
◇◇————◇
Molly P. Zhang
◇◇————◇
Stephanie K. Mains
◇◇————◇
Joseph S. Cantie
◇◇————◇
Alicia L. Tillman
◇◇————◇
Ivo Jurek served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AMETEK, Inc. AME
  • Crane Company CR
  • Donaldson Company, Inc. DCI
  • Dover Corporation DOV
  • ESAB Corporation ESAB
  • Flowserve Corporation FLS
  • Franklin Electric Co., Inc. FELE
  • Graco Inc. GGG
  • IDEX Corporation IEX
  • Ingersoll Rand Inc. IR
  • Lincoln Electric Holdings, Inc. LECO
  • Nordson Corporation NDSN
  • Pentair plc PNR
  • Regal Rexnord Corporation RRX
  • SPX Technologies, Inc. SPXC
  • The Timken Company TKR
  • Xylem Inc XYL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024June 5, 2025=◇◇◇
2023June 20, 2024=◇◇◇
2022June 8, 2023=◇◇◇
2021June 9, 2022=◇◇◇
2020June 17, 2021=◇◇◇
2019June 22, 2020=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Ivo Jurek (Chief Executive Officer), FY2025 total compensation $9,911,358 (base salary $1,221,307) [exec_comp, SEC accession 0001628280-26-026015, filed 2026-04-20]

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What this page does not include

Everything above is a fact Gates Industrial Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Gates Industrial Corp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
269 figures on this page: 263 cited to the filing that reported them, 6 calculated from figures it prints.
263 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001628280-26-026015
    Compensation Discussion and Analysis · Director Compensation table · Grants of Plan-Based Awards · IS REQUIRED. NONE OF GATES, NEW GATES OR THEIR RESPECTIVE ASSOCIATES, DIRECTORS, OFFICERS, AGENTS OR ADVISORS ACCEPTS · and 1 more section
  2. 0001718512-25-000040
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  3. 0001718512-25-000023
    2024 Summary Compensation Table
  4. 0001718512-24-000054
    038,442 90,304 5,037,878 Resolution 2 : To approve, on an advisory basis, named executive officer compensation: For Against Abstain Broker Non-Vote
  5. 0001718512-24-000025
    Summary Compensation Table
  6. 0001718512-23-000041
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001718512-23-000021
  8. 0001718512-22-000035
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001718512-21-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001718512-20-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Gates Industrial Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GTES (accessed 2026).
Short form: data: Velarion

The paid brief for Gates Industrial Corp

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Gates Industrial Corp discloses

The companies named in GTES's own disclosed peer group.

AMETEK, Inc.Crane CompanyDonaldson Company, Inc.Dover CorporationESAB CorporationFlowserve CorporationFranklin Electric Co., Inc.Graco Inc.IDEX CorporationIngersoll Rand Inc.Lincoln Electric Holdings, Inc.Nordson CorporationPentair plcRegal Rexnord CorporationSPX Technologies, Inc.The Timken CompanyXylem Inc

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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