Evans Jim 4
Research Summary
AI-generated summary
Gran Tierra (GTE) EVP Jim Evans Buys 151 Shares via ESPP
What Happened
Jim Evans, Executive Vice President, Corporate Services of Gran Tierra Energy Inc. (GTE), acquired 151 shares of GTE on May 1, 2026 through the company’s Employee Stock Purchase Plan (ESPP). The reported purchase price was $9.17 per share (converted from Canadian dollars), for a reported total of about $1,385. This was a purchase/acquisition (an employee-plan purchase), which is generally viewed as a routine employee benefit transaction rather than a market-timing trade.
Key Details
- Transaction date: May 1, 2026; Filing date: May 4, 2026 — filing appears timely.
- Shares acquired: 151 at $9.17 per share (USD conversion). Reported total ≈ $1,385.
- Shares owned after the transaction: Not specified in the provided filing.
- Footnotes: Shares were acquired through the Gran Tierra Employee Stock Purchase Plan and the transaction was exempt under Rule 16b-3(c) and 16b-3(d). Purchase price was transacted in Canadian currency and converted to U.S. dollars.
- Transaction type: Acquisition under an employee plan (Form 4 code A / purchase).
Context
ESPP purchases are common for employees to buy company stock at set terms and are typically exempt from short-swing profit rules under Rule 16b-3 when made under qualified plans. Such purchases indicate an insider is using a company benefit to acquire shares but do not by themselves imply a view on near-term company performance.