Director/PDMR Shareholding

Gran Tierra Energy Inc.
04 January 2024
 

January 4, 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 the Company's common shares, Deferred Stock Units and Stock Options undertaken by directors / persons discharging managerial responsibility ("PDMRs").

Deferred Stock Units ("DSUs") and Stock Options have been granted to certain PDMRs effective January 1, 2024 in accordance with the payment of directors' fees for the first quarter of 2024. Each DSU represents a contingent right to receive one share of the Company's common stock.  The DSUs vest in full on award and are paid out at such time as the director ceases to be a member of the Board of Directors of the Company.  Each Stock Option permits the holder to purchase one share of common stock of the Company at the stated exercise price. The exercise price equals the market price of a share of common stock at the time of grant. The Stock Options vest immediately and expire five years from the date of issue.

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

Rodger Trimble
Vice President, Investor Relations


(403) 265-3221

info@grantierra.com



 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Dey, Director

Evan Hazell, Director

Robert Hodgins, Chairman and Director

Alison Redford, Director

Ron Royal, Director

David Smith, Director

Brooke Wade, Director

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

Stock Options

 

Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc. common stock at the stated exercise price

 


Identification code

n/a

b)

Nature of the transaction

Grant of Stock Options

c)

Price(s) and volume(s)

 

PDMR

Price(s)

Volume (s)

David Smith

 

USD 5.64

 

 

1,970

 

d)

Aggregated information

- Aggregated volume

- Price

 

Price(s)

Volume (s)

USD 5.64

1,970

 

 

 

e)

Date of the transaction

1 January 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

Deferred Stock Units

 

Each Deferred 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 Deferred Stock Units

c)

Price(s) and volume(s)

 

PDMR

Price(s)

Volume (s)

Peter Dey

Evan Hazell

Robert Hodgins

Alison Redford

Ron Royal

Brooke Wade

n/a

n/a

n/a

n/a

n/a

n/a

4,585

7,340

6,324

6,349

8,713

9,171

 

d)

Aggregated information

- Aggregated volume

- Price

 

Price(s)

Volume (s)

n/a

42,482

e)

Date of the transaction

1 January 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ron Royal

2

Reason for the notification

a)

Position/status

Director

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

 

 

Identification code

Deferred Stock Units and Stock Options

 

Each Deferred Stock Unit represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock.

 

Each Stock Option represents a right to purchase one share of Gran Tierra Energy Inc. common stock at the stated exercise price.

n/a

b)

Nature of the transaction

Change in election of Director's fees from Stock Options and Deferred Stock Units to Deferred Stock Units and cash

c)

Price(s) and volume(s)

Effective January 1, 2024, 75% of the Director fees payable to Ron Royal will be paid in Deferred Stock Units and 25% will be paid in cash

d)

Aggregated information

- Aggregated volume

- Price 

n/a

 

n/a

 

n/a

 

e)

Date of the transaction

1 January 2024

f)

Place of the transaction

Outside a trading venue

 

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