Gran Tierra Energy (GTE) EVP adds 313 ESPP shares, total now 42,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. executive Abraham Phillip D, EVP, Legal and Land, received an award of 313 shares of Common Stock on April 16, 2026. The shares were acquired through the Gran Tierra Inc. Employee Stock Purchase Plan, and his direct holdings increased to 42,000 shares after this transaction.
The transaction was a compensation-related acquisition at a price of $7.78 per share, noted as exempt under Rule 16b-3(d) and Rule 16b-3(c). The purchase price was transacted in Canadian currency and converted into 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 | 313 | $7.78 | $2K |
Holdings After Transaction:
Common Stock — 42,000 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: 313 shares
Price per share: $7.78 per share
Post-transaction holdings: 42,000 shares
3 metrics
Shares acquired
313 shares
Common Stock acquired on April 16, 2026
Price per share
$7.78 per share
Acquisition price, converted from Canadian currency
Post-transaction holdings
42,000 shares
Total direct common stock holdings after acquisition
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(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 did Gran Tierra Energy (GTE) executive Abraham Phillip acquire in this Form 4?
Abraham Phillip acquired 313 shares of Gran Tierra Energy common stock. The shares were obtained through the Gran Tierra Inc. Employee Stock Purchase Plan as a compensation-related award, increasing his direct holdings to 42,000 shares following the transaction.
On what date did the Gran Tierra Energy (GTE) Form 4 transaction occur?
The reported transaction took place on April 16, 2026. On that date, Abraham Phillip acquired 313 shares of Gran Tierra Energy common stock through the company’s Employee Stock Purchase Plan in an exempt, compensation-related transaction.
What type of transaction is reported in this Gran Tierra Energy (GTE) Form 4?
The filing reports a grant or award acquisition coded as “A,” indicating 313 shares were acquired as part of a compensation arrangement. The shares were purchased through the Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).