Gran Tierra (NYSE: GTE) exec lifts stake via stock plan
Rhea-AI Filing Summary
GRAN TIERRA ENERGY INC. (GTE) executive Jim Evans, EVP Corporate Services, reported an acquisition of common stock through the Gran Tierra Inc. Employee Stock Purchase Plan. On August 17, 2026 he acquired 142 shares at $9.51 per share, with the purchase price originally in Canadian currency and converted to U.S. dollars. Following this grant or award acquisition, he holds 50,081 shares directly, plus an additional 3,200 shares held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 142 shares
Net Buy
2 txns
Insider
Evans Jim
Role
EVP, Corporate Services
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 142 | $9.51 | $1K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 50,081 shares (Direct);
Common Stock — 3,200 shares (Indirect, By Spouse)
Footnotes (2)
- F1. These shares were acquired on August 17, 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: 142 shares
Acquisition price per share: $9.51 per share
Direct holdings after transaction: 50,081 shares
+1 more
4 metrics
Shares acquired
142 shares
Common Stock acquired on August 17, 2026 through the Employee Stock Purchase Plan
Acquisition price per share
$9.51 per share
Purchase price for the 142 acquired shares, transacted in Canadian currency and converted to U.S. currency
Direct holdings after transaction
50,081 shares
Total direct GTE common stock held by Jim Evans following the August 17, 2026 acquisition
Indirect holdings by spouse
3,200 shares
GTE common stock reported as held indirectly by Jim Evans’s spouse
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)
3 terms
Employee Stock Purchase Plan financial
"acquired on August 17, 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 insider transaction did GTE executive Jim Evans report on August 17, 2026?
Jim Evans reported acquiring 142 shares of GRAN TIERRA ENERGY INC. (GTE) common stock on August 17, 2026 via the company’s Employee Stock Purchase Plan, classified as a grant, award, or other acquisition under transaction code A.
Was Jim Evans’s August 17, 2026 GTE stock acquisition made under an employee plan?
Yes. The 142 GTE shares acquired on August 17, 2026 were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan in a transaction described as exempt under Rule 16b-3(d) and Rule 16b-3(c).
AI-generated analysis. How Rhea-AI works. Not financial advice.
