Form 4: Gran Tierra Director Acquires 33,989 Deferred Stock Units

Gran Tierra Energy Inc. Director Robert B. Hodgins acquired 33,989 deferred stock units, increasing his beneficial ownership to 191,629 units.

Summary

• Robert B. Hodgins, a Director of Gran Tierra Energy Inc., acquired 33,989 Deferred Stock Units (DSUs).
• The transaction date for this acquisition was January 1, 2026.
• Each DSU represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock on a one-for-one basis.
• These DSUs vest in full when Mr. Hodgins ceases to be a member of the Board of Directors of the Issuer.
• Following this transaction, Mr. Hodgins beneficially owns a total of 191,629 DSUs.

Sentiment

Score: 6

Explanation: Slightly positive due to increased alignment of director's interests with shareholders through equity compensation, which is a standard and expected practice.

Positives

• The acquisition of deferred stock units by a director aligns their interests with those of shareholders, as the value of their compensation is tied to the company's stock performance.

Industry Context

Deferred Stock Units (DSUs) are a common form of equity compensation for directors in the energy sector and other industries, designed to align the interests of board members with long-term shareholder value by tying a portion of their compensation to the company's stock performance.

Comparison to Industry Standards

• The use of Deferred Stock Units (DSUs) as a component of director compensation is a standard practice across many publicly traded companies, including those in the oil and gas industry like Gran Tierra Energy Inc.
• This compensation structure is comparable to practices seen at peers such as Parex Resources Inc. or Frontera Energy Corporation, where director compensation often includes a mix of cash and equity-based awards to promote long-term alignment.

Related Party Transactions

• The acquisition of deferred stock units by a director can be considered a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term stock value.

Key Dates

Keywords

Gran Tierra Energy, GTE, Robert B. Hodgins, Director, Deferred Stock Units, DSU, Insider Transaction, SEC Form 4, Equity Compensation, Beneficial Ownership