Form 4: Gran Tierra Energy Director Acquires Deferred Stock Units
SEC Form 4
Director Brooke N. Wade acquired 7,047 deferred stock units of Gran Tierra Energy Inc. on April 1, 2024.
Summary
- On April 1, 2024, Brooke N. Wade, a director of Gran Tierra Energy Inc., acquired 7,047 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, Wade directly owns 153,306 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of deferred stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Brooke N. Wade acquired 7,047 deferred stock units. |
| 04/03/2024 | Date of signature: Form 4 signed by Phillip Abraham, Attorney-In Fact. |
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