Gran Tierra EVP acquires shares via employee plan
Gran Tierra Energy Inc. executive Jim Evans reported an acquisition of company stock through an employee plan.
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Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. executive Jim Evans reported an acquisition of company stock through an employee plan. On June 16, 2026, he received 176 shares of common stock at $7.64 per share under the Gran Tierra Inc. Employee Stock Purchase Plan, a compensation-related grant exempt under Rule 16b-3(d) and 16b-3(c). After this award, he directly owns 49,336 common shares. The filing also records 3,200 common shares indirectly owned through his spouse, reflecting a separate holding entry rather than a new market trade.
Insider Trade Summary
Grant/Award: 176 shares
Grant/Award
2 txns
Insider
Evans Jim
Role
EVP, Corporate Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 176 | $7.64 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,336 shares (Direct);
Common Stock — 3,200 shares (Indirect, By Spouse)
Footnotes (2)
- F1. 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).
- F2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
ESPP shares acquired: 176 shares
Grant price: $7.64 per share
Direct holdings after transaction: 49,336 shares
+2 more
5 metrics
ESPP shares acquired
176 shares
Common stock grant on June 16, 2026
Grant price
$7.64 per share
Employee Stock Purchase Plan acquisition price
Direct holdings after transaction
49,336 shares
Common stock directly owned after June 16, 2026 grant
Indirect holdings via spouse
3,200 shares
Common stock reported as indirectly owned by spouse
Transaction code
A
Grant, award, or other acquisition under Form 4
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), indirect ownership, +1 more
5 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.
indirect ownership financial
"total_shares_following_transaction 3200.0000, direct_or_indirect I, nature_of_ownership By Spouse"
grant/award acquisition financial
"transaction_action grant/award acquisition, transaction_code_description Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Jim Evans report for GRAN TIERRA ENERGY INC. (GTE)?
Jim Evans reported receiving 176 shares of Gran Tierra Energy common stock on June 16, 2026. The shares were acquired through the company’s Employee Stock Purchase Plan as a compensation-related award, not an open-market trade, and are treated as an exempt insider transaction.
Was Jim Evans’ June 16, 2026 GTE stock acquisition an open-market purchase?
No, the 176-share acquisition was made through the Gran Tierra Inc. Employee Stock Purchase Plan. The filing identifies it as a grant or award transaction, exempt under Rule 16b-3(d) and Rule 16b-3(c), rather than an open-market purchase on a stock exchange.
What do Rule 16b-3(d) and Rule 16b-3(c) mean for this GTE insider transaction?
The filing states the employee stock purchase was exempt under Rule 16b-3(d) and Rule 16b-3(c). These provisions generally allow certain insider transactions under employee benefit plans to be exempt from short-swing profit recovery rules when properly structured and approved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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