Morin Sebastien 4
Research Summary
AI-generated summary
Gran Tierra (GTE) COO Sebastien Morin Receives 544 Shares
What Happened
- Sebastien Morin, Chief Operating Officer of Gran Tierra Energy Inc. (GTE), acquired 544 shares on February 17, 2026. The reported purchase price was CAD-equivalent to $5.61 per share, amounting to about $3,052 USD in total. This was an acquisition (award/ESPP purchase), not a sale.
Key Details
- Transaction date: 2026-02-17; Price: $5.61 per share; Shares acquired: 544; Total value: ~$3,052 (USD, converted from CAD).
- Transaction type: A — Grant/award or other acquisition via the Gran Tierra Employee Stock Purchase Plan (ESPP).
- Footnotes: (1) Acquisition through the company ESPP and exempt under Rule 16b-3(d) and 16b-3(c). (2) Purchase was transacted in Canadian dollars and converted to U.S. dollars for reporting.
- Shares owned after the transaction: not provided in the excerpt.
- Filing timeliness: Report filed Feb 19, 2026 for a Feb 17 transaction — appears to be filed within the typical two-business-day Form 4 window (timely).
Context
- This was a routine ESPP purchase (an officer participation in the company plan), which represents a personal buy rather than an option exercise or sale. Such small-dollar ESPP purchases are common and are factual disclosures of ownership changes; they do not by themselves indicate management’s future expectations.