Gran Tierra Energy Inc. Director/PDMR Shareholding (9399Q)
March 03 2021 - 01:00AM
UK Regulatory
TIDMGTE
RNS Number : 9399Q
Gran Tierra Energy Inc.
03 March 2021
March 3, 2021
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.
Performance Stock Units ("PSUs") and Stock Options have been
granted to PDMRs effective March 1, 2021. 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 March 1, 2021 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 PSU's 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 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.
This announcement is made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
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 Gary Guidry, President and Chief Executive Officer
Ryan Ellson, Executive Vice President and Chief Financial
Officer
Jim Evans, Vice President, Corporate Services
Rodger Trimble, Vice President, Investor Relations
Lawrence West, Vice President, Exploration
------------------------ -------------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status See 1 a) above
------------------------ -------------------------------------------------------------
b) Initial Initial notification
notification
/Amendment
------------------------ -------------------------------------------------------------
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 Performance Stock Units
of the financial
instrument, Each Performance Stock Unit represents a contingent
type of instrument right to receive one share of Gran Tierra Energy
Inc. common stock.
Identification n/a
code
---------------------------- ---------------------------------------------------------
b) Nature of Grant of Performance Stock Units
the transaction
---------------------------- ---------------------------------------------------------
c) Price(s) PDMR Price(s) Volume (s)
and volume(s) Gary Guidry n/a 1,631,068
Ryan Ellson n/a 1,114,563
Jim Evans n/a 650,485
Rodger Trimble n/a 466,019
Lawrence West n/a 650,485
---------- -----------
---------------------------- ---------------------------------------------------------
d) Aggregated Price(s) Volume (s)
information n/a 4,512,620
- Aggregated -----------
volume
- Price
e) Date of the 01 March 2021
transaction
f) Place of Outside a trading venue
the transaction
---------------------------- ---------------------------------------------------------
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 Stock Options
of the financial
instrument, Each Stock Option represents a right to purchase
type of instrument one share of Gran Tierra Energy Inc. common stock
at the stated exercise price
Identification n/a
code
---------------------------- ---------------------------------------------------------
b) Nature of Grant of Stock Options
the transaction
---------------------------- ---------------------------------------------------------
c) Price(s) PDMR Price(s) Volume
and volume(s) (s)
Gary Guidry USD 0.82 688,525
Ryan Ellson USD 0.82 470,492
Jim Evans USD 0.82 274,590
Rodger Trimble USD 0.82 196,721
Lawrence West USD 0.82 274,590
----------- ---------
---------------------------- ---------------------------------------------------------
d) Aggregated Price(s) Volume (s)
information USD 0.82 1,904,918
- Aggregated -----------
volume
- Price
e) Date of the 01 March 2021
transaction
f) Place of Outside a trading venue
the transaction
---------------------------- ---------------------------------------------------------
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