Gran Tierra (GTE) EVP Phillip D. Abraham Receives Cash-Settled Award

What Happened Phillip D. Abraham, EVP, Legal and Land at Gran Tierra Energy (GTE), reported the vesting and cash settlement of 34,103 performance share units on April 7, 2026. The filing records an acquisition/conversion (code M) of 34,103 units at $0.00 and an immediate disposition to the issuer (code D) of 34,103 at $5.59 per share, for a cash value of $190,636. A footnote clarifies these were performance share units settled in cash — no shares were issued or sold in the open market.

Key Details

• Transaction date: 2026-04-07
• Reported filing date: 2026-04-09 (timely; within standard 2-business-day window)
• Codes: M = exercise/conversion of derivative; D = disposition to issuer
• Quantity and prices: 34,103 units acquired @ $0.00; 34,103 disposed @ $5.59
• Cash value: $190,636
• Shares owned after transaction: not specified in the provided filing
• Footnote: F1 — represents vesting and cash settlement of performance share units; no shares were issued or sold

Context This was a cash settlement of vested performance share units (PSUs), effectively converting compensation units into cash rather than receiving or selling company stock on the open market. Such settlements are routine forms of executive compensation and do not necessarily signal insider buying or selling intent.