Gran Tierra Energy (GTE) CEO adds shares through Employee Stock Purchase Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. President and CEO Gary Guidry acquired additional company stock through an employee plan. On April 16, 2026, he received 547 shares of common stock at a price of $7.78 per share via the Gran Tierra Inc. Employee Stock Purchase Plan. Following this award, he directly holds 504,243 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Guidry Gary
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 547 | $7.78 | $4K |
Holdings After Transaction:
Common Stock — 504,243 shares (Direct, null)
Footnotes (1)
- These shares were acquired on April 16, 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: 547 shares
Acquisition price: $7.78 per share
Post-transaction holdings: 504,243 shares
3 metrics
Shares acquired
547 shares
Common stock acquired on April 16, 2026
Acquisition price
$7.78 per share
Price for ESPP acquisition of common stock
Post-transaction holdings
504,243 shares
Direct common stock held by Gary Guidry after transaction
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c)
3 terms
Employee Stock Purchase Plan financial
"These shares were acquired on April 16, 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 Gran Tierra Energy (GTE) report for Gary Guidry?
Gran Tierra Energy reported that President and CEO Gary Guidry acquired 547 shares of common stock on April 16, 2026. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan, reflecting a compensation-related stock purchase rather than an open-market trade.
How is Gary Guidry’s Gran Tierra Energy (GTE) stock transaction classified in the Form 4?
The transaction is classified with code A, indicating a grant, award, or other acquisition of common stock. It is further described as an acquisition through the employee stock purchase plan, not a discretionary open-market buy, and it increases his direct holdings in the company.