Gran Tierra Energy (NYSE: GTE) reports director deferred stock unit award
Rhea-AI Filing Summary
Gran Tierra Energy Inc. reported an insider equity award for a board member. On 01/01/2026, the director received 49,284 deferred stock units with an exercise price of $0. Each deferred stock unit converts into one share of Gran Tierra Energy common stock and represents a contingent right to receive that share.
The deferred stock units vest in full when the reporting person ceases to be a member of the company’s Board of Directors. Following this grant, the director beneficially owns 243,854 deferred stock units, held as a direct interest.
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FAQ
What insider transaction did Gran Tierra Energy Inc. (GTE) disclose in this Form 4?
The company reported that a director received 49,284 deferred stock units on 01/01/2026, each representing a contingent right to receive one share of Gran Tierra Energy Inc. common stock.
How do the Gran Tierra Energy (GTE) deferred stock units reported here work?
Each deferred stock unit converts into one share of common stock. The units vest in full when the reporting person ceases to be a member of the company’s Board of Directors.
What is the exercise or conversion price of the Gran Tierra Energy deferred stock units?
The deferred stock units reported have a conversion or exercise price of $0, meaning no cash payment is required to receive the underlying common shares when they settle.
How many Gran Tierra Energy securities does the insider beneficially own after this transaction?
After the reported grant, the director beneficially owns 243,854 deferred stock units, representing a direct interest tied to an equivalent number of Gran Tierra Energy Inc. common shares.
What role does the reporting person hold at Gran Tierra Energy Inc. (GTE)?
The reporting person is identified as a Director of Gran Tierra Energy Inc., with the Form 4 indicating the filing is made by one reporting person.
When will the Gran Tierra Energy deferred stock units reported on this Form 4 vest?
The filing states that the deferred stock units vest in full at the time the reporting person ceases to be a member of the Board of Directors of Gran Tierra Energy Inc.