Gran Tierra EVP acquires 138 shares via ESPP
Gran Tierra Energy EVP Corporate Services Jim Evans reported a small compensation-related share acquisition.
Rhea-AI Filing Summary
Gran Tierra Energy EVP Corporate Services Jim Evans reported a small compensation-related share acquisition. On April 16, 2026, he received 138 shares of common stock at $9.78 per share through the Gran Tierra Inc. Employee Stock Purchase Plan, an exempt transaction under Rule 16b-3(d) and 16b-3(c). Following this grant, he directly holds 48,690 common shares, and 3,200 additional shares are held indirectly by his spouse. The purchase price was transacted in Canadian dollars and converted to U.S. currency.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 138 shares
Grant/Award
2 txns
Insider
Evans Jim
Role
EVP, Corporate Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 138 | $9.78 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 48,690 shares (Direct);
Common Stock — 3,200 shares (Indirect, By Spouse)
Footnotes (2)
- F1. These shares were acquired on April 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: 138 shares
Purchase price: $9.78 per share
Direct holdings after transaction: 48,690 shares
+1 more
4 metrics
Shares acquired
138 shares
Common stock acquired on April 16, 2026 through employee stock purchase plan
Purchase price
$9.78 per share
Reported price for the 138 shares; transacted in CAD and converted to USD
Direct holdings after transaction
48,690 shares
Common stock directly owned by Jim Evans following the award
Indirect holdings by spouse
3,200 shares
Common stock indirectly owned, reported as held by spouse
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), indirect ownership
4 terms
Employee Stock Purchase Plan financial
"These shares were acquired on April 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
"direct_or_indirect": "I", "nature_of_ownership": "By Spouse""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GTE executive Jim Evans report on this Form 4?
Jim Evans reported acquiring 138 shares of Gran Tierra Energy common stock. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan as a compensation-related award, rather than an open-market purchase, and are treated as an exempt insider transaction under Rule 16b-3.
What is the nature of Jim Evans’ indirect ownership in Gran Tierra Energy (GTE)?
The Form 4 shows 3,200 shares of Gran Tierra Energy common stock held indirectly "By Spouse." This means those shares are owned by his spouse, and they are reported as indirect beneficial ownership associated with Evans under SEC reporting rules.
Why is Rule 16b-3 mentioned in Jim Evans’ Gran Tierra Energy (GTE) Form 4 filing?
Rule 16b-3 is cited to show the transaction is exempt from certain short-swing profit rules. The footnote explains that the shares were acquired through the employee stock purchase plan in a transaction exempt under Rule 16b-3(d) and 16b-3(c), emphasizing its compensation-plan nature.
AI-generated analysis. How Rhea-AI works. Not financial advice.
