Gran Tierra Energy Inc. (GTE) EVP adds 333 shares through employee stock plan
Rhea-AI Filing Summary
Gran Tierra Energy Inc. EVP, Legal and Land, Phillip D Abraham acquired 333 shares of common stock on August 4, 2026 through the company’s Employee Stock Purchase Plan at $7.12 per share in U.S. currency, increasing his direct holdings to 44,221 shares in a transaction exempt under Rule 16b-3(d) and (c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 333 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 | 333 | $7.12 | $2K |
Holdings After Transaction:
Common Stock — 44,221 shares (Direct)
Footnotes (2)
- F1. These shares were acquired on August 4, 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: 333 shares
Purchase price per share: $7.12 per share
Direct holdings after transaction: 44,221 shares
3 metrics
Shares acquired
333 shares
Common stock acquired on August 4, 2026 via Employee Stock Purchase Plan
Purchase price per share
$7.12 per share
Price in U.S. currency after conversion from Canadian dollars
Direct holdings after transaction
44,221 shares
Total Gran Tierra common shares directly owned by Phillip D Abraham after 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Gran Tierra Energy (GTE) report in this filing?
Gran Tierra Energy executive Phillip D Abraham acquired 333 common shares on August 4, 2026. The shares were purchased via the Employee Stock Purchase Plan at $7.12 per share in U.S. currency, raising his direct holdings to 44,221 shares.
Was the Gran Tierra Energy (GTE) insider transaction made under a 10b5-1 trading plan?
The transaction was not reported as being made under a Rule 10b5-1 trading plan. The Form 4’s 10b5-1 checkbox is marked false, and the footnotes describe an acquisition through the Employee Stock Purchase Plan instead.
Were any derivative securities involved in this Gran Tierra Energy (GTE) insider transaction?
No derivative securities were reported in this transaction; it involved only common stock. The Form 4 data show a single non-derivative acquisition entry, with 0 derivative transactions and no listed options or other derivative positions.