Gran Tierra Energy (GTE) EVP adds shares via employee stock purchase plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. executive Phillip D. Abraham acquired additional company stock through an employee plan. On May 1, he received 268 shares of common stock at a reference price of $9.17 per share under the Gran Tierra Inc. Employee Stock Purchase Plan, increasing his direct holdings to 42,268 shares. The transaction is described as a grant or award acquisition and was exempt under Rule 16b-3(d) and Rule 16b-3(c). The purchase price was originally transacted in Canadian currency and then converted to U.S. dollars.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Abraham Phillip D
Role
EVP, Legal and Land
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 268 | $9.17 | $2K |
Holdings After Transaction:
Common Stock — 42,268 shares (Direct, null)
Footnotes (1)
- These shares were acquired on May 1, 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). Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 268 shares
Price per share: $9.17 per share
Shares owned after: 42,268 shares
3 metrics
Shares acquired
268 shares
Common Stock grant on May 1, 2026
Price per share
$9.17 per share
Reference purchase price, converted from Canadian currency
Shares owned after
42,268 shares
Direct holdings following the Form 4 transaction
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), grant, award, or other acquisition
4 terms
Employee Stock Purchase Plan financial
"acquired on May 1, 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
"exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(c) regulatory
"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.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did Gran Tierra Energy (GTE) report for Phillip D. Abraham?
Gran Tierra Energy reported that EVP, Legal and Land, Phillip D. Abraham acquired 268 shares of common stock. The transaction was recorded as a grant or award acquisition under the company’s Employee Stock Purchase Plan, increasing his direct ownership to 42,268 shares after the transaction.
What was the nature of the Gran Tierra Energy (GTE) insider transaction reported?
The transaction was classified as a grant, award, or other acquisition of common stock. It occurred through the Gran Tierra Inc. Employee Stock Purchase Plan and was exempt from certain short-swing profit rules under Rule 16b-3(d) and Rule 16b-3(c), indicating a compensation-related event.
Did the Gran Tierra Energy (GTE) insider transaction involve open-market buying or selling?
The filing describes the event as a grant or award acquisition, not an open-market trade. Shares were obtained through the Employee Stock Purchase Plan, with the transaction exempt under Rule 16b-3 provisions, which typically cover issuer-approved compensation or benefit plan transactions rather than discretionary market purchases or sales.