Evans Jim 4

What Happened

• Jim Evans, EVP Corporate Services of Gran Tierra Energy (GTE), had 76,162 performance share units vest on April 7, 2026. The units were converted (recorded as an exercise/conversion at $0.00) and then cash-settled to the issuer at $5.59 per unit, resulting in a cash payment of $425,746. This was a cash settlement of awards, not an open-market sale of company stock.

Key Details

• Transaction date: 2026-04-07
• Conversion/exercise: 76,162 units @ $0.00 (code M)
• Disposition to issuer (cash settlement): 76,162 units @ $5.59 = $425,746 (code D)
• Footnote: Represents vesting and cash settlement of performance share units. No shares were issued or sold.
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Report filed on 2026-04-09 (timely within the usual 2-business-day Form 4 window).

Context

• This was a routine cash settlement of vested performance share units (PSUs), not a market sale of existing shares. Such settlements pay the executive cash based on the PSU value and do not affect the public float through open-market activity.