Form 4: Gran Tierra Director Hazell Acquires 39,445 DSUs

Gran Tierra Energy Inc. Director Evan Hazell acquired 39,445 Deferred Stock Units, increasing his beneficial ownership to 190,877 units.

Summary

• Evan Hazell, a Director of Gran Tierra Energy Inc. (GTE), acquired 39,445 Deferred Stock Units (DSUs).
• The transaction date for this acquisition was January 1, 2026.
• Following this transaction, Mr. Hazell beneficially owns a total of 190,877 Deferred Stock Units.
• 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. Hazell ceases to be a member of the Board of Directors.

Sentiment

Score: 7

Explanation: The acquisition of additional equity by a director, even if deferred, generally signals confidence in the company's future and aligns management interests with shareholders, which is a positive indicator.

Positives

• The acquisition of 39,445 Deferred Stock Units by a director indicates continued alignment of management interests with shareholder interests.
• An increase in beneficial ownership by a director can signal confidence in the company's future prospects.

Future Outlook

The vesting of the Deferred Stock Units is contingent upon the reporting person ceasing to be a member of the Board of Directors, aligning long-term incentives with the company's performance during the director's tenure.

Industry Context

This routine insider transaction reflects standard equity compensation practices for board members in the energy sector, aiming to align director incentives with long-term company performance and shareholder value.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to equity ownership.
• Management/Employees: Reinforces the company's compensation structure for directors, potentially influencing morale and retention.

Next Steps

• The Deferred Stock Units will convert into common stock on a one-for-one basis upon vesting.
• The DSUs will vest in full when Evan Hazell ceases to be a member of the Board of Directors of Gran Tierra Energy Inc.

Key Dates

Recommendation

This Form 4 filing reports a routine grant of Deferred Stock Units to a director as part of their compensation. While it indicates continued alignment of interests, it does not present new fundamental information that would warrant a change in investment recommendation. The transaction is an expected part of director compensation and does not suggest a significant shift in the company's outlook or valuation.

Keywords

Gran Tierra Energy, GTE, Evan Hazell, Director, Deferred Stock Units, DSU, Insider Transaction, Beneficial Ownership, Equity Compensation