Gran Tierra (GTE) CEO Reports 1,015-Share ESPP Purchase
Rhea-AI Filing Summary
Gran Tierra Energy insider purchase: Gary Guidry, who serves as President, CEO and a director of Gran Tierra Energy Inc. (GTE), acquired 1,015 shares of the company's common stock on 09/02/2025 through the Gran Tierra Employee Stock Purchase Plan. The reported purchase price was C$4.17 per share converted to U.S. dollars. After the transaction Guidry beneficially owned 491,600 shares. The filing states the purchase was exempt under Rule 16b-3(c) and 16b-3(d), indicating the transaction was made under a company plan that provides an affirmative defense under Section 16.
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Insights
TL;DR: A routine ESPP purchase by the CEO; small incremental ownership change, no material impact on capital structure.
The Form 4 shows a purchase of 1,015 shares at C$4.17 (converted to USD) under the company's Employee Stock Purchase Plan. This is reported as exempt under Rule 16b-3, which is standard for plan purchases by executives and avoids short-swing profit issues. The post-transaction beneficial ownership of 491,600 shares provides context on executive stake size but, based on this single small purchase, there is no evidence in the filing of a material change to ownership concentration or to the company's capitalization.
TL;DR: Proper disclosure of a plan-based purchase by a Section 16 officer; procedural compliance appears intact.
The filing identifies the reporting person as President, CEO and director and documents acquisition under the Gran Tierra Employee Stock Purchase Plan with the applicable Rule 16b-3 exemptions claimed. The form is signed by an attorney-in-fact and includes the transaction date and post-transaction beneficial ownership, meeting standard disclosure requirements. There are no amendments or atypical transaction codes that would signal governance issues in this filing alone.