Form 4: Gran Tierra Energy CEO Gary Guidry Reports Stock Transactions
SEC Form 4 Filing
Gary Guidry, President and CEO of Gran Tierra Energy Inc., reports the acquisition and disposal of common stock and vesting of restricted stock units on March 14, 2025.
Summary
- On March 14, 2025, Gary Guidry, the President and CEO of Gran Tierra Energy Inc., reported transactions involving the company's common stock.
- Guidry acquired 161,539 shares of common stock at $0.00 and disposed of 161,539 shares at $6.79.
- Following these transactions, Guidry directly owns 480,539 shares of Gran Tierra Energy Inc.
- Additionally, 25,022 restricted stock units vested, which are settled in cash and represent a contingent right to receive one share of Gran Tierra Energy Inc. common stock.
- Guidry directly owns 107,422 restricted stock units after the reported transaction.
- The remaining restricted stock units (75,067) vest in three equal installments on March 14, 2025, March 14, 2026 and March 14, 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding the insider's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
- Executives at companies like Parex Resources or Frontera Energy would also be expected to file similar forms when conducting transactions in their company's stock.
- The reporting requirements are consistent across the industry to ensure fair market practices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock transactions.
- It helps stakeholders understand the alignment of management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of earliest transaction and vesting of restricted stock units. |
| 03/14/2026 | Next vesting date for restricted stock units. |
| 03/14/2027 | Final vesting date for restricted stock units. |
| 03/18/2025 | Date of signature by Attorney-In Fact. |
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