Gran Tierra Energy (GTE) COO adds 585 shares via employee stock purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. Chief Operating Officer Sebastien Morin acquired 585 shares of common stock on June 16, 2026. The shares were purchased through the Gran Tierra Inc. Employee Stock Purchase Plan and are treated as a grant or award acquisition rather than an open-market trade.
After this transaction, Morin directly holds 35,681 shares of Gran Tierra Energy common stock. The purchase price per share was $7.64, which was originally transacted in Canadian currency and then converted to U.S. dollars.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 585 | $7.64 | $4K |
Holdings After Transaction:
Common Stock — 35,681 shares (Direct, null)
Footnotes (1)
- These shares were acquired on June 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). Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 585 shares
Price per share: $7.64 per share
Shares held after transaction: 35,681 shares
3 metrics
Shares acquired
585 shares
Common stock acquired on June 16, 2026
Price per share
$7.64 per share
Purchase price for acquired common stock
Shares held after transaction
35,681 shares
Direct holdings following the 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 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.
FAQ
What did Gran Tierra Energy (GTE) COO Sebastien Morin report on this Form 4?
Sebastien Morin reported acquiring 585 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 acquisition rather than an open-market purchase.