Gran Tierra Energy (NYSE: GTE) director exercises options to add 1,483 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy director Wade Brooke N. exercised stock options to acquire 1,483 shares of Common Stock at an exercise price of $8.08 per share. The options converted into the same number of common shares, increasing his directly held Common Stock to 58,830 shares.
After the option exercise, his remaining stock option holdings are reported at 6,346 options, indicating this was a relatively small, routine compensation-related transaction rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,483 shares exercised/converted
Mixed
2 txns
Insider
Wade Brooke N.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to buy) | 1,483 | $0.00 | -- |
| Exercise | Common Stock | 1,483 | $8.08 | $12K |
Holdings After Transaction:
Stock Option (Right to buy) — 6,346 shares (Direct);
Common Stock — 58,830 shares (Direct)
Footnotes (1)
FAQ
What did Wade Brooke N. do in this Form 4 for GTE?
Director Wade Brooke N. exercised stock options to acquire 1,483 Gran Tierra Energy common shares. This was a compensation-related option exercise, not an open-market trade, converting derivative rights into directly owned stock.
What was the exercise price for the Gran Tierra Energy options?
The options were exercised at $8.08 per share. This exercise price reflects the pre-set strike on the derivative grant, so the transaction represents conversion of compensation awards into stock rather than a discretionary market purchase.
Does the insider still hold stock options in Gran Tierra Energy after this filing?
Yes. Following the exercise, the filing shows 6,346 stock options remaining. This indicates only a portion of the insider’s derivative awards were converted into shares, leaving a continuing options-based exposure to Gran Tierra Energy stock.