REG - Gran Tierra Energy - Director/PDMR Shareholding

Gran Tierra EnergyAnnouncement

11/11/2024 07:00

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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 (mailto: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         n/a       38,095

                                                                      Phillip Abraham   n/a       39,683

 d)  Aggregated information

Price(s)  Volume (s)
     - Aggregated volume                                              USD 0.00  77,778

     - Price
 e)  Date of the transaction                                          6 November 2024
 f)  Place of the transaction                                         Outside a trading
                                                                      venue

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         USD 0.00   9,524

                                                                  Phillip Abraham   USD 0.00   9,921

 d)  Aggregated information

Price(s)  Volume (s)
     - Aggregated volume                                          USD 0.00  19,445

     - Price
 e)  Date of the transaction                                      6 November, 2024
 f)  Place of the transaction                                     Outside a trading
                                                                  venue

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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