Form 4: Gran Tierra Energy Director Acquires Deferred Stock Units

Director Evan Hazell acquired 5,393 deferred stock units in Gran Tierra Energy Inc. on October 1, 2024.

Summary

• On October 1, 2024, Evan Hazell, a director of Gran Tierra Energy Inc., acquired 5,393 deferred stock units.
• These deferred stock units convert into common stock on a one-for-one basis.
• Each unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock.
• The deferred stock units vest in full when the reporting person ceases to be a member of the Board of Directors.
• Following the transaction, Hazell directly owns 131,914 deferred stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of deferred stock units, indicating alignment of interests between the director and the company's long-term performance.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

The deferred stock units vest in full when the reporting person ceases to be a member of the Board of Directors, indicating a long-term alignment of interests.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in the beneficial ownership of Gran Tierra Energy Inc.'s securities by a company director.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates