Gran Tierra Energy (GTE) CEO adds 582 shares through employee stock plan
Rhea-AI Filing Summary
Gran Tierra Energy Inc. President and CEO Gary Guidry reported an acquisition of 582 shares of common stock on August 4, 2026 at $7.12 per share. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan, in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c), and brought his direct holdings to 508,128 shares. The purchase price was originally in Canadian currency and converted to U.S. dollars.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 582 shares
Net Buy
1 txn
Insider
Guidry Gary
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 582 | $7.12 | $4K |
Holdings After Transaction:
Common Stock — 508,128 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: 582 shares
Purchase price per share: $7.12 per share
Post-transaction holdings: 508,128 shares
+1 more
4 metrics
Shares acquired
582 shares
Common stock acquired on August 4, 2026 via Employee Stock Purchase Plan
Purchase price per share
$7.12 per share
Price for the 582 shares, originally in Canadian currency and converted to U.S. dollars
Post-transaction holdings
508,128 shares
Total direct common stock holdings of Gary Guidry after the transaction
Rule references
Rule 16b-3(d) and Rule 16b-3(c)
Rules under which the Employee Stock Purchase Plan transaction was exempt
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Canadian currency
4 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.
Canadian currency financial
"Purchase price of security was transacted in Canadian currency and converted"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Gran Tierra Energy (GTE) report for Gary Guidry?
Gran Tierra Energy (GTE) reported that CEO Gary Guidry acquired 582 shares of common stock. The shares were bought on August 4, 2026 at $7.12 per share through the company’s Employee Stock Purchase Plan, increasing his direct holdings to 508,128 shares.
Did the Gran Tierra Energy (GTE) Form 4 indicate use of Canadian currency?
Yes. A footnote explains the purchase price for the 582 Gran Tierra Energy (GTE) shares was initially in Canadian currency. That amount was then converted into U.S. dollars to report the per-share price of $7.12 on the Form 4 insider transaction statement.