Gran Tierra (NYSE: GTE) COO adds 356 ESPP shares in grant filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gran Tierra Energy Inc. Chief Operating Officer Sebastien Morin acquired 356 shares of common stock on March 17, 2026 through the company’s Employee Stock Purchase Plan. The shares were priced at $8.56 per share, with the purchase price originally transacted in Canadian currency and converted to U.S. dollars.
After this ESPP grant, Morin directly owns 32,997 shares of Gran Tierra common stock. The transaction is characterized as a grant or award acquisition and is exempt under Rule 16b-3(d) and Rule 16b-3(c), indicating it is part of routine, compensation-related share purchases rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morin Sebastien
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 356 | $8.56 | $3K |
Holdings After Transaction:
Common Stock — 32,997 shares (Direct)
Footnotes (1)
- These shares were acquired on March 17, 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). Purchase price of security was transacted in Canadian currency and converted to U.S. currency.
FAQ
What insider transaction did Gran Tierra Energy (GTE) report for Sebastien Morin?
Gran Tierra Energy (GTE) reported that Chief Operating Officer Sebastien Morin acquired 356 shares of common stock through the Employee Stock Purchase Plan. The transaction occurred on March 17, 2026, and reflects a compensation-related share purchase rather than an open-market trade.
Was the Gran Tierra Energy (GTE) insider transaction under a compensation plan?
Yes. The Form 4 shows Sebastien Morin’s 356-share acquisition was made through the Gran Tierra Inc. Employee Stock Purchase Plan. It is classified as a grant or award acquisition and is exempt under Rule 16b-3(d) and Rule 16b-3(c), indicating a compensation-related transaction.
Does the Gran Tierra Energy (GTE) Form 4 indicate an open-market buy or a routine grant?
The Gran Tierra Energy (GTE) Form 4 indicates a routine grant-like acquisition, not an open-market buy. Sebastien Morin obtained 356 shares via the Employee Stock Purchase Plan, treated as a grant or award acquisition exempt under Rule 16b-3, typical of compensation programs.