Gran Tierra Energy (GTE) director receives DSU and RSU stock grants
Rhea-AI Filing Summary
Gran Tierra Energy Inc. reported a director equity award in the form of deferred stock units and restricted stock units tied to its common stock. On 01/01/2026, the director received 14,355 deferred stock units (DSUs) and 18,381 restricted stock units (RSUs), each convertible into common stock on a one-for-one basis at an exercise price of $0.
The DSUs vest in full when the director ceases to be a member of the Board of Directors. The RSUs vest in three equal annual installments, with one-third vesting on 01/01/2027, one-third on 01/01/2028, and the final third on 01/01/2029, with shares delivered upon vesting. Following these grants, the director beneficially owns 84,275 derivative securities related to DSUs and 18,381 derivative securities related to RSUs.
Positive
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FAQ
What insider equity awards were reported at Gran Tierra Energy (GTE)?
A Gran Tierra Energy Inc. director reported receiving 14,355 deferred stock units (DSUs) and 18,381 restricted stock units (RSUs) on 01/01/2026, each tied one-for-one to common stock.
How do the DSUs and RSUs at Gran Tierra Energy (GTE) convert into shares?
The filing states that each DSU and RSU converts into one share of Gran Tierra Energy Inc. common stock on a one-for-one basis.
What are the vesting terms for the DSUs granted by Gran Tierra Energy (GTE)?
The DSUs vest in full when the reporting person ceases to be a member of the Board of Directors of Gran Tierra Energy Inc.
What are the vesting terms for the RSUs granted by Gran Tierra Energy (GTE)?
The RSUs vest in three equal annual installments: 1/3 on 01/01/2027, 1/3 on 01/01/2028, and 1/3 on 01/01/2029, with vested shares delivered upon vesting.
What exercise or conversion price applies to the Gran Tierra Energy (GTE) DSUs and RSUs?
The DSUs and RSUs reported have an exercise or conversion price of $0, reflecting their nature as stock unit awards rather than traditional options.
How many derivative securities does the Gran Tierra Energy (GTE) director own after these grants?
After the reported transactions, the director beneficially owns 84,275 derivative securities related to DSUs and 18,381 derivative securities related to RSUs, held directly.