Abraham Phillip D 4
Research Summary
AI-generated summary
Gran Tierra (GTE) EVP Abraham Phillip D Receives 312 Shares
What Happened
Abraham Phillip D, Executive Vice President, Legal and Land at Gran Tierra Energy Inc. (GTE), acquired 312 shares on June 16, 2026 at a per-share price of $7.64, for a total value of $2,384 (amount converted from Canadian dollars to USD). This was an acquisition via the company's employee stock purchase plan (an internal purchase rather than an open-market buy).
Key Details
- Transaction date: 2026-06-16; filing date: 2026-06-18.
- Price and quantity: 312 shares at $7.64 each; total reported value $2,384 (USD conversion noted).
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: (F1) Shares were purchased through the Gran Tierra Employee Stock Purchase Plan and the transaction was exempt under Rule 16b-3(d) and 16b-3(c). (F2) Purchase was transacted in Canadian currency and converted to U.S. dollars.
- Timeliness: Filing appears timely (filed two days after the transaction).
Context
This was an employee plan acquisition (routine), which insiders commonly use to buy company stock through payroll deductions or plan contributions. Such purchases show insider participation but are typically routine and don’t by themselves prove management sentiment. The transaction was recorded as an award/acquisition (Form 4 code A) and not an option exercise, sale, or gift.