Form 4: Gran Tierra Energy Inc. Officer Reports Stock Unit Vesting

Sebastien Morin, Chief Operating Officer of Gran Tierra Energy Inc., reports the vesting of restricted stock units settled in cash.

Summary

• On March 14, 2025, Sebastien Morin, the Chief Operating Officer of Gran Tierra Energy Inc., had 15,639 restricted stock units vest, which were settled in cash.
• These units represent a contingent right to receive one share of Gran Tierra Energy Inc. common stock.
• Morin directly owns 67,139 derivative securities following the reported transaction.
• The restricted stock units (46,917) 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 regarding stock unit vesting, which is neither particularly positive nor negative. It's a neutral disclosure of executive compensation.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings and transactions of key company personnel.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedule of three equal installments over three years is a common practice in the oil and gas industry.
• Companies like Parex Resources and Frontera Energy, which operate in similar regions, also utilize RSUs as part of their executive compensation plans.

Stakeholder Impact

• Shareholders are informed about the equity-based compensation of a key executive.
• The vesting of RSUs aligns the executive's interests with the long-term performance of the company.

Key Dates