Gran Tierra Energy Inc. Director/PDMR Shareholding
November 11 2024 - 2:00AM
RNS Regulatory News
RNS Number : 6123L
Gran Tierra Energy Inc.
11 November 2024
November 8, 2024
Gran Tierra Energy Inc.
(the "Company")
Notification of Transactions in the
Company's Shares by Directors and Persons Discharging Managerial
Responsibility
The Company announces the following
transactions in Performance Stock Units undertaken by directors /
persons discharging managerial responsibility ("PDMRs").
Performance Stock Units ("PSUs") and
Restricted Stock Units ("RSUs") have been granted to PDMRs
effective November 6, 2024 (the "Grant Date"). The PSUs entitle the
holder to receive, at the option of the Company, either the
underlying number of shares of the Company's common stock upon
vesting of such units or a cash payment equal to the value of the
underlying shares. The PSUs granted on the Grant Date vest after
three years, subject to the continued employment of the
grantee. Upon vesting the underlying number of common shares
or the cash payment equivalent to their value may range from zero
to 200% of the number of PSUs vested, based on the Company's
performance with respect to the applicable performance
targets.
The RSUs shall have a three-year
vesting period commencing on the Grant Date, subject to the continued employment of the grantee,
with 1/3rd of the shares vesting and becoming
exercisable on the one-year anniversary of the Grant Date, 1/3rd of
the shares vesting and becoming exercisable on the second
anniversary of the Grant Date, and 1/3rd of the shares vesting and
becoming exercisable on the third anniversary of the Grant
Date.
The Notification of Dealing Form for
the vesting and payment of the PSUs for PDMRs can be found
below.
The notification set out below is
provided in accordance with the requirement of Article 19 of the EU
Market Abuse Regulation.
Contact Information:
Gary Guidry
President and Chief Executive Officer
Ryan Ellson
Executive Vice President and Chief Financial Officer
Phillip Abraham
Executive Vice President, Legal
(403) 265-3221
info@grantierra.com
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Jim Evans, Executive Vice President, Corporate
Services
Phillip
Abraham, Executive Vice President, Legal
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
See 1 a) above
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Gran Tierra Energy Inc.
|
|
b)
|
LEI
|
549300IH2S17MAIUCM32
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Performance Stock Units
Each Performance Stock Unit
represents a contingent right to receive one share of Gran Tierra
Energy Inc. common stock.
|
|
|
Identification code
|
n/a
|
|
b)
|
Nature of the transaction
|
Grant of Performance Stock
Units
|
|
c)
|
Price(s) and volume(s)
|
|
PDMR
|
Price(s)
|
Volume (s)
|
|
Jim Evans
Phillip Abraham
|
n/a
n/a
|
38,095
39,683
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume (s)
|
|
USD 0.00
|
77,778
|
|
|
e)
|
Date of the transaction
|
6 November 2024
|
|
f)
|
Place of the transaction
|
Outside a trading
venue
|
|
|
|
| |
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Restricted Stock Units
Each Restricted Stock Unit
represents a contingent right to receive one share of Gran Tierra
Energy Inc. common stock.
|
|
|
Identification code
|
n/a
|
|
b)
|
Nature of the transaction
|
Grant of Restricted Stock
Units
|
|
c)
|
Price(s) and volume(s)
|
|
PDMR
|
Price(s)
|
Volume (s)
|
|
Jim Evans
Phillip Abraham
|
USD 0.00
USD 0.00
|
9,524
9,921
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume (s)
|
|
USD 0.00
|
19,445
|
|
|
e)
|
Date of the transaction
|
6 November, 2024
|
|
f)
|
Place of the transaction
|
Outside a trading
venue
|
|
|
|
|
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