January 6, 2025
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 Restricted Stock Units ("RSUs") have been granted to certain PDMRs effective January 1, 2025 in accordance with the payment of directors' fees for 2025. 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 RSU represents a contingent right to receive one share of Gran Tierra Energy Inc. common stock. RSUs will vest annually in equal increments over a three-year period. Vested shares will be delivered to the reporting person upon vesting.
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
Vice President, Legal and Business Development
(403) 265-3221
| 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 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 | 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) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 1 January 2025 | ||||||
| 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) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 1 January 2025 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
