Gran Tierra Energy (NYSE: GTE) COO acquires 578 ESPP shares at $7.81
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. Chief Operating Officer Sebastien Morin received an award of common shares through the company’s employee stock purchase plan. On June 1, 2026, he acquired 578 shares of common stock at $7.81 per share, with the price converted from Canadian to U.S. currency. Following this compensation-related transaction, Morin directly holds 35,096 common shares. This is a routine plan purchase rather than an open-market buy.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 578 | $7.81 | $5K |
Holdings After Transaction:
Common Stock — 35,096 shares (Direct, null)
Footnotes (1)
- These shares were acquired on June 1, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 578 shares
Purchase price: $7.81 per share
Post-transaction holdings: 35,096 shares
3 metrics
Shares acquired
578 shares
Common Stock acquired on June 1, 2026
Purchase price
$7.81 per share
Price converted from Canadian to U.S. currency
Post-transaction holdings
35,096 shares
Total common shares directly owned after transaction
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Grant, award, or other acquisition
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired on June 1, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did GTE COO Sebastien Morin report on this Form 4?
Sebastien Morin reported acquiring 578 shares of Gran Tierra Energy common stock. The shares were obtained through the company’s Employee Stock Purchase Plan as a compensation-related transaction, not an open-market purchase, and are now held directly in his personal ownership.
What does transaction code A mean in Sebastien Morin’s GTE Form 4?
Transaction code A on Morin’s Form 4 indicates a grant, award, or other acquisition. In this case, it corresponds to 578 Gran Tierra Energy shares obtained through the Employee Stock Purchase Plan, reflecting compensation-related stock, not discretionary trading in the open market.