Form 4: Gran Tierra Energy Inc. Executive Phillip D. Abraham Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Phillip D. Abraham, VP of Legal and Business Development at Gran Tierra Energy Inc., reports acquisition and disposal of common stock and vesting of restricted stock units on March 14, 2025.
Summary
- On March 14, 2025, Phillip D. Abraham, VP of Legal and Business Development at Gran Tierra Energy Inc., reported changes in beneficial ownership.
- Abraham acquired 15,866 shares of common stock at $0.00 and disposed of 15,866 shares at $6.79.
- Following these transactions, Abraham directly owns 28,626 shares of common stock.
- Additionally, 6,535 restricted stock units vested, representing a contingent right to receive one share of Gran Tierra Energy Inc. common stock each.
- After the transaction, Abraham directly owns 47,581 restricted stock units.
- The remaining restricted stock units (19,605) vest in three equal installments on March 14, 2025, March 14, 2026 and March 14, 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in equal installments on March 14, 2026 and March 14, 2027.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- Shareholders are informed about the executive's stock ownership and compensation structure.
- The filing provides transparency regarding executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of earliest transaction, vesting of restricted stock units, and first installment vesting date. |
| 03/14/2026 | Second installment vesting date for restricted stock units. |
| 03/14/2027 | Third installment vesting date for restricted stock units. |
| 03/18/2025 | Date of signature for the report. |
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