Gran Tierra (GTE) CEO Gary Guidry adds shares through Employee Stock Purchase Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. reported that President and CEO Gary Guidry acquired 540 shares of common stock on June 1, 2026. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan, which allows employees to buy company stock, and were treated as a grant or award acquisition for reporting purposes.
The reported purchase price was $7.81 per share, converted from Canadian currency. Following this transaction, Guidry directly held 505,707 common shares. The filing characterizes the event as an employee stock plan transaction rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guidry Gary
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 540 | $7.81 | $4K |
Holdings After Transaction:
Common Stock — 505,707 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: 540 shares
Purchase price: $7.81 per share
Shares owned after: 505,707 shares
3 metrics
Shares acquired
540 shares
Common Stock acquired on June 1, 2026
Purchase price
$7.81 per share
Price converted from Canadian to U.S. currency
Shares owned after
505,707 shares
Direct holdings following the ESPP 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 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.
FAQ
What did Gran Tierra Energy (GTE) CEO Gary Guidry report in this Form 4?
Gary Guidry reported acquiring 540 shares of Gran Tierra Energy common stock. The shares were obtained through the company’s Employee Stock Purchase Plan, classified as a grant or award, and increased his direct holdings to 505,707 shares after the transaction.
What is the significance of Rule 16b-3 in Gary Guidry’s Gran Tierra (GTE) transaction?
The filing notes the ESPP acquisition is exempt under Rule 16b-3(d) and Rule 16b-3(c). These provisions allow certain employee benefit and compensation-related transactions to be exempt from short-swing profit rules that normally apply to insiders’ trades.