Gran Tierra (GTE) COO granted restricted and performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morin Sebastien reported acquisition or exercise transactions in this Form 4 filing.
Gran Tierra Energy Inc. reported that Chief Operating Officer Sebastien Morin received new equity-based compensation in the form of restricted and performance stock units. He was granted 62,612 restricted stock units and 250,447 performance stock units, each representing the right to receive one share of common stock upon vesting.
The restricted stock units vest in three equal annual installments beginning on March 6, 2027. After these awards, Morin holds 129,751 restricted stock units and 691,194 performance stock units directly, aligning a larger portion of his compensation with future company performance and share value.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 62,612 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 250,447 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 129,751 shares (Direct);
Performance Stock Units — 691,194 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock upon vesting. The restricted stock units vest in three equal annual installments beginning on March 06, 2027. Each performance stock unit represents the contingent right to receive one share of Gran Tierra Energy Inc. common stock upon vesting.
FAQ
What insider transactions did Gran Tierra Energy (GTE) report for Sebastien Morin?
Gran Tierra Energy reported that Chief Operating Officer Sebastien Morin received grants of restricted stock units and performance stock units. These equity awards give him the right to receive common shares in the future, tying more of his compensation to the company’s long-term share performance.
How many restricted stock units were granted to the Gran Tierra (GTE) COO?
Sebastien Morin was granted 62,612 restricted stock units. Each unit represents a contingent right to receive one share of Gran Tierra Energy common stock upon vesting, providing him with additional long-term equity exposure linked directly to the company’s future results and share price performance.
How many performance stock units did Gran Tierra (GTE) award to its COO?
Gran Tierra Energy awarded 250,447 performance stock units to Chief Operating Officer Sebastien Morin. Each performance stock unit represents a contingent right to receive one share of common stock upon vesting, further aligning his potential compensation with the company’s performance over the relevant measurement period.
When do the Gran Tierra (GTE) restricted stock units granted to the COO vest?
The restricted stock units granted to Sebastien Morin vest in three equal annual installments beginning on March 6, 2027. This multi-year vesting schedule encourages long-term retention and aligns his incentives with sustained company performance over several years rather than short-term results.
What do the Gran Tierra (GTE) performance stock units represent for the COO?
Each performance stock unit granted to Sebastien Morin represents a contingent right to receive one share of Gran Tierra Energy common stock upon vesting. The award structure ties his potential equity compensation to the achievement of specified performance conditions during the award period.
Are the Gran Tierra (GTE) COO’s new stock unit awards market purchases?
No, the transactions reported are grants of restricted stock units and performance stock units, not open-market share purchases. They are equity awards provided as part of compensation, giving the COO future rights to common stock rather than immediate cash-based buying or selling activity.