Gran Tierra (NYSE: GTE) EVP, Legal and Land buys 253 shares
Rhea-AI Filing Summary
GRAN TIERRA ENERGY INC. (GTE) reported that executive officer Phillip D. Abraham, EVP, Legal and Land, acquired 253 shares of common stock on August 17, 2026 through the company’s Employee Stock Purchase Plan. The shares were acquired at $9.51 per share, with the purchase price originally in Canadian dollars and converted to U.S. currency. Following this transaction, Abraham directly holds 44,474 common shares. The acquisition was reported as exempt under Rule 16b-3(d) and Rule 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 253 shares
Net Buy
1 txn
Insider
Abraham Phillip D
Role
EVP, Legal and Land
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 253 | $9.51 | $2K |
Holdings After Transaction:
Common Stock — 44,474 shares (Direct)
Footnotes (2)
- F1. These shares were acquired on August 17, 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).
- F2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 253 shares
Purchase price per share: $9.51 per share
Total shares owned after transaction: 44,474 shares
3 metrics
Shares acquired
253 shares
Common stock acquired on August 17, 2026 via Employee Stock Purchase Plan
Purchase price per share
$9.51 per share
Price for 253 common shares, transacted in CAD and converted to USD
Total shares owned after transaction
44,474 shares
Direct ownership by Phillip D. Abraham following the August 17, 2026 acquisition
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)
3 terms
Employee Stock Purchase Plan financial
"These shares were acquired ... 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.
FAQ
What insider transaction did GTE disclose for Phillip D. Abraham?
GTE disclosed that Phillip D. Abraham acquired 253 shares of common stock on August 17, 2026. The acquisition occurred through the company’s Employee Stock Purchase Plan and was reported as exempt under Rule 16b-3(d) and Rule 16b-3(c).
What was the nature of the insider transaction reported by GTE?
The transaction was a grant, award, or other acquisition of 253 GTE common shares. It occurred via the company’s Employee Stock Purchase Plan and was classified as exempt under Rule 16b-3(d) and Rule 16b-3(c), rather than a market purchase or sale.
Was the GTE insider transaction made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox was not affirmed for this transaction. Instead, the acquisition is described as occurring through the Employee Stock Purchase Plan and being exempt under Rule 16b-3(d) and Rule 16b-3(c).
In what currency was the GTE insider purchase price originally transacted?
The insider purchase price was originally transacted in Canadian currency and then converted to U.S. currency. The per-share price reported in the filing, $9.51, reflects the amount after this currency conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.
