Form 4: Gran Tierra Energy Director Alison Redford Executes Stock Option and Disposes of Shares
SEC Form 4 Filing
Director Alison Redford exercised stock options and disposed of common stock in Gran Tierra Energy Inc. on May 8, 2024.
Summary
- On May 8, 2024, Alison Redford, a director of Gran Tierra Energy Inc., executed stock options to acquire 4,000 shares of common stock at a price of $5.40 per share.
- Simultaneously, Redford disposed of 4,000 shares of common stock at a price of $9.14 per share.
- Following these transactions, Redford directly owns 4,500 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 09/01/2022 | One-third of the stock options vested. |
| 09/01/2023 | An additional one-third of the stock options vested. |
| 05/08/2024 | Director exercised stock options and disposed of shares. |
| 09/01/2024 | The remaining one-third of the stock options will vest. |
| 09/01/2026 | Expiration date of the stock options. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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