Evans Jim 4/A
4/A · GRAN TIERRA ENERGY INC. · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
Gran Tierra (GTE) EVP Jim Evans Receives Cash-Settled PSU Payout
What Happened
Jim Evans, EVP Corporate Services of Gran Tierra Energy Inc. (GTE), had 76,162 performance-based units vest and be cash-settled on April 7, 2026. The Form 4 records an exercise/conversion entry at $0.00 for 76,162 units and a corresponding disposition to the issuer at $4.07 per unit, totaling $309,979. According to the filing footnote, no shares were issued or sold — this was a cash settlement of performance share units (PSUs).
Key Details
- Transaction date: 2026-04-07 (reported on an amended Form 4 filed 2026-04-14).
- Entries reported: M (exercise/conversion) — 76,162 @ $0.00; D (disposition to issuer) — 76,162 @ $4.07, proceeds $309,979.
- Shares issued/sold: None — footnote states PSU vesting and cash settlement; no shares issued or sold.
- Shares owned after transaction: Not specified in the information provided.
- Filing status: Amended filing (accession 0001104659-26-043231).
Context
This was a cash settlement of vested performance share units, not an open-market sale or a traditional stock purchase. Cash-settled awards convert the value of vested units to cash paid to the executive; they don’t necessarily reflect a buy/sell signal about the executive’s view of the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-07+76,162→ 124,686 total - Disposition to Issuer
Common Stock
[F1]2026-04-07$4.07/sh−76,162$309,979→ 48,514 total
- 3,200(indirect: By Spouse)
Common Stock
Footnotes (1)
- [F1]Represents the vesting and cash settlement of performance share units. No shares were issued or sold.