Form 4: Gran Tierra Energy Inc. Director Acquires Deferred Stock Units
SEC Filing
Director Evan Hazell acquired 4,873 deferred stock units of Gran Tierra Energy Inc. on April 1, 2024, according to a Form 4 filing.
Summary
- On April 1, 2024, Evan Hazell, a director of Gran Tierra Energy Inc., acquired 4,873 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, Hazell directly owns 122,900 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders.
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: Acquisition of deferred stock units. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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