Gran Tierra EVP acquires shares via employee plan
Gran Tierra Energy EVP, Legal and Land, Phillip D. Abraham acquired additional company stock through an employee plan.
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Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy EVP, Legal and Land, Phillip D. Abraham acquired additional company stock through an employee plan. On April 1, 2026, he received 245 shares of common stock at $9.78 per share under the Gran Tierra Inc. Employee Stock Purchase Plan, increasing his direct holdings to 41,687 shares. The transaction, priced in Canadian dollars and converted to U.S. currency, was exempt under SEC Rules 16b-3(d) and 16b-3(c).
Insider Trade Summary
Grant/Award: 245 shares
Grant/Award
1 txn
Insider
Abraham Phillip D
Role
EVP, Legal and Land
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 245 | $9.78 | $2K |
Holdings After Transaction:
Common Stock — 41,687 shares (Direct)
Footnotes (2)
- F1. These shares were acquired on April 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).
- F2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 245 shares
Acquisition price: $9.78 per share
Shares owned after: 41,687 shares
+1 more
4 metrics
Shares acquired
245 shares
Common stock acquired on April 1, 2026 via Employee Stock Purchase Plan
Acquisition price
$9.78 per share
Price per share for 245 common shares acquired
Shares owned after
41,687 shares
Direct holdings of Phillip D. Abraham following the transaction
Acquisition type
Grant/award acquisition
Form 4 transaction code A, non-derivative, compensation-related
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), grant/award acquisition
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired on April 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 acquisition financial
"transaction_action": "grant/award acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gran Tierra Energy (GTE) EVP Phillip D. Abraham report in this Form 4?
Phillip D. Abraham reported acquiring 245 shares of Gran Tierra Energy common stock. The shares were obtained on April 1, 2026 through the company’s Employee Stock Purchase Plan, expanding his direct ownership position in the company.
What is the nature of the Gran Tierra Energy (GTE) transaction reported by the EVP?
The transaction is a grant or award acquisition coded as “A” on Form 4. It represents shares bought through Gran Tierra’s Employee Stock Purchase Plan rather than an open-market trade, and is considered a compensation-related acquisition.
Was the Gran Tierra Energy (GTE) EVP’s stock purchase exempt under SEC rules?
Yes. The filing states the shares were acquired in a transaction exempt under SEC Rules 16b-3(d) and 16b-3(c). These rules generally provide exemptions for certain employee benefit and compensation-related acquisitions of issuer equity securities.
Did this Gran Tierra Energy (GTE) Form 4 involve any derivative securities or option exercises?
No derivative transactions or option exercises were reported in this Form 4. The filing shows only a single non-derivative transaction: the acquisition of 245 common shares through the company’s Employee Stock Purchase Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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