GTE EVP Phillip Abraham Acquires 550 Shares via ESPP
Rhea-AI Filing Summary
Phillip Abraham, Executive Vice President, Legal and Land of Gran Tierra Energy Inc. (GTE), acquired 550 shares of the issuer's common stock on October 1, 2025 through the company's Employee Stock Purchase Plan. The reported purchase price was $4.35 per share (originally transacted in Canadian dollars and converted to U.S. dollars). Following this transaction, Mr. Abraham beneficially owns 35,934 shares. The filing notes the purchase was exempt under Rule 16b-3(c) and 16b-3(d), indicating it was made pursuant to a company plan. The Form 4 is signed and dated October 3, 2025.
Positive
- Insider purchase of 550 shares through the company ESPP on 10/01/2025
- Transaction exempt under Rule 16b-3(c) and 16b-3(d), indicating it was made under an authorized employee plan
- Reporting person retains 35,934 shares following the acquisition
Negative
- None.
Insights
Insider participation via ESPP shows routine, plan-based acquisition.
The report documents a small, compliant purchase of 550 shares under the company's Employee Stock Purchase Plan on 10/01/2025. The transaction is described as exempt under Rule 16b-3(c) and 16b-3(d), which applies to acquisitions made under authorized employee plans.
After the purchase, the reporting person holds 35,934 shares in total. This filing is procedural and confirms adherence to insider reporting rules; it does not disclose any unusual transactions, dispositions, or derivative activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 550 | $4.35 | $2K |
Footnotes (1)
- These shares were acquired on October 1, 2025 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). Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
FAQ
What did Gran Tierra Energy (GTE) insider Phillip Abraham report on Form 4?
Was the purchase subject to insider-trading plan exemptions?
When was the Form 4 signed and filed?
Did the Form 4 report any option exercises, sales, or derivative transactions?