Gran Tierra Energy (GTE) EVP logs 34,103 PSU vesting with cash settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy EVP, Legal and Land Phillip D. Abraham reported compensation-related entries tied to performance share units. On the reported date, 34,103 common-share-equivalent units vested and were cash settled at $5.59 per share value, and the filing notes that no shares were issued or sold. Following these entries, Abraham directly holds 41,687 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Abraham Phillip D
Role
EVP, Legal and Land
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 34,103 | $0.00 | -- |
| Disposition | Common Stock | 34,103 | $5.59 | $191K |
Holdings After Transaction:
Common Stock — 75,790 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Performance share units vested: 34,103 units
Cash settlement reference price: $5.59 per share
Shares after PSU vesting, before settlement: 75,790 shares
+1 more
4 metrics
Performance share units vested
34,103 units
Vesting and cash settlement event on common stock equivalents
Cash settlement reference price
$5.59 per share
Value used to settle 34,103 performance share units in cash
Shares after PSU vesting, before settlement
75,790 shares
Total common shares shown following the vesting entry
Shares held after all transactions
41,687 shares
Direct common stock ownership after compensation-related entries
Key Terms
performance share units, Exercise or conversion of derivative security, Disposition to issuer
3 terms
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
FAQ
What did Gran Tierra Energy EVP Phillip D. Abraham report on this Form 4 for GTE?
Phillip D. Abraham reported the vesting and cash settlement of 34,103 performance share units. According to the filing, these entries were settled in cash and no common shares were actually issued or sold.
What does the $5.59 figure represent in Gran Tierra Energy’s Form 4 for GTE?
The $5.59 figure represents the per-share value used for the cash settlement of 34,103 performance share units. It is a reference price for the compensation calculation, and the filing clarifies that no actual common shares were issued or sold.