Form 4: Gran Tierra Energy Director Acquires Deferred Stock Units
SEC Form 4 Filing
Director Ronald Royal acquired 4,096 deferred stock units of Gran Tierra Energy Inc. on July 1, 2024.
Summary
- On July 1, 2024, Ronald Royal, a director of Gran Tierra Energy Inc., acquired 4,096 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 fully when the reporting person ceases to be a member of the Board of Directors.
- Following the transaction, Royal directly owns 153,869 common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction, indicating a neutral sentiment.
Industry Context
This filing reflects routine transactions related to director compensation and equity ownership, common in the oil and gas industry.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence as it demonstrates the director's alignment with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Ronald Royal acquired 4,096 deferred stock units. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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