Gran Tierra Energy (NYSE: GTE) CEO acquires 641 ESPP shares
Rhea-AI Filing Summary
Gran Tierra Energy Inc. President and CEO Gary Guidry acquired 641 shares of Common Stock on July 16, 2026 through the Gran Tierra Inc. Employee Stock Purchase Plan at $6.48 per share in U.S. dollars after conversion from Canadian currency. Following this acquisition, he directly owns 507,546 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 641 shares
Net Buy
1 txn
Insider
Guidry Gary
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 641 | $6.48 | $4K |
Holdings After Transaction:
Common Stock — 507,546 shares (Direct)
Footnotes (2)
- F1. These shares were acquired on July 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).
- F2. Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
Key Figures
Shares acquired: 641 shares
Price per share: $6.48
Shares owned after: 507,546 shares
3 metrics
Shares acquired
641 shares
Common Stock acquired on July 16, 2026 through Employee Stock Purchase Plan
Price per share
$6.48
Per-share purchase price in U.S. dollars after conversion from Canadian currency
Shares owned after
507,546 shares
Directly owned Common Stock following the reported acquisition
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(d), Rule 16b-3(c), Canadian currency
4 terms
Employee Stock Purchase Plan financial
"acquired on July 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
"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
"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.
Canadian currency financial
"Purchase price of security was transacted in Canadian currency and converted"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Gran Tierra Energy (GTE) report for Gary Guidry?
Gary Guidry acquired 641 shares of Gran Tierra Energy Common Stock on July 16, 2026. The transaction occurred through the company’s Employee Stock Purchase Plan and increased his direct holdings to 507,546 shares after the acquisition.