REG - Gran Tierra Energy - Director/PDMR Shareholding
27/02/2023 07:00
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RNS Number : 0590R Gran Tierra Energy Inc. 27 February 2023
February 27, 2023
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 Stock Options have been granted to PDMRs
effective February 23, 2023. 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 February 23, 2023 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.
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 the grant. Stock
Options vest over three years and expire five years from the date of issue.
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
Rodger Trimble
Vice President, Investor Relations
(403) 265-3221
info@grantierra.com (mailto:info@grantierra.com)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gary Guidry, President and Chief Executive Officer
Ryan Ellson, Executive Vice President and Chief Financial Officer
Jim Evans, Vice President, Corporate Services
Lawrence West, Vice President, Exploration
Rodger Trimble, Vice President, Investor Relation
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)
Gary Guidry n/a 1,435,897
Ryan Ellson n/a 981,196
Jim Evans n/a 572,649
Rodger Trimble n/a 410,256
Lawrence West n/a 572,649
d) Aggregated information
Price(s) Volume (s)
- Aggregated volume USD 0.00 3,972,647
- Price
e) Date of the transaction 23 February 2023
f) Place of the transaction Outside a trading
venue
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume (s)
USD 0.00 3,972,647
e)
Date of the transaction
23 February 2023
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 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)
Gary Guidry USD 0.86 531,646
Ryan Ellson USD 0.86 363,291
Jim Evans USD 0.86 212,025
Rodger Trimble USD 0.86 151,899
Lawrence West USD 0.86 212,025
d) Aggregated information
Price(s) Volume (s)
- Aggregated volume USD 0.86 1,470,886
- Price
e) Date of the transaction 23 February 2023
f) Place of the transaction Outside a trading
venue
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume (s)
USD 0.86 1,470,886
e)
Date of the transaction
23 February 2023
f)
Place of the transaction
Outside a trading
venue
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