Gran Tierra (NYSE: GTE) COO acquires shares under employee plan
Rhea-AI Filing Summary
Gran Tierra Energy Inc. chief operating officer Sebastien Morin acquired 687 shares of common stock on July 16, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan, a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).
The shares were effectively purchased at $6.48 per share in U.S. dollars after conversion from Canadian currency, bringing Morin’s directly held stake to 37,067 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 687 shares
Net Buy
1 txn
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 687 | $6.48 | $4K |
Holdings After Transaction:
Common Stock — 37,067 shares (Direct)
Footnotes (2)
- F1. These shares were acquired on July 16, 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: 687 shares
Purchase price per share: $6.48 per share
Shares held after transaction: 37,067 shares
3 metrics
Shares acquired
687 shares
Common stock acquired on July 16, 2026 via Employee Stock Purchase Plan
Purchase price per share
$6.48 per share
Reported in U.S. dollars after conversion from Canadian currency
Shares held after transaction
37,067 shares
Total directly held Gran Tierra Energy common shares following the acquisition
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)
3 terms
Employee Stock Purchase Plan financial
"acquired on July 16, 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GTE executive Sebastien Morin report?
Sebastien Morin reported acquiring 687 shares of Gran Tierra Energy Inc. common stock. The shares were obtained on July 16, 2026 via the company’s Employee Stock Purchase Plan and are held directly, increasing his total direct holdings to 37,067 shares.
Was the GTE COO’s stock purchase exempt under SEC rules?
Yes. The acquisition was described as exempt under Rule 16b-3(d) and Rule 16b-3(c). These provisions allow certain transactions under company benefit or compensation plans to be exempt from short-swing profit restrictions that normally apply to insiders.