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An announcement from Gran Tierra Energy ( (GTE) ) is now available.
Gran Tierra Energy has reported the vesting and cash settlement of Performance Share Units and Restricted Stock Units previously granted to its top executives. The PSUs, granted in February 2023, vested based on performance through the end of 2025 and were paid out using a ten-day volume-weighted average price, with the original awards uplifted by a performance factor of 1.33.
The first tranche of RSUs granted in February 2025 has also vested and been settled in cash using the same valuation period, further aligning management compensation with shareholder value. These transactions, disclosed under EU Market Abuse Regulation requirements, clarify recent changes in executive equity holdings and highlight the company’s continued use of performance- and time-based stock awards in its remuneration strategy.
More about Gran Tierra Energy
Gran Tierra Energy Inc. is an independent energy company focused on the exploration and production of oil and gas. The company operates primarily in Latin America, with its common stock listed for trading and used as the underlying instrument for various equity-based incentive awards to senior executives.
For a thorough assessment of GTE stock, go to TipRanks’ Stock Analysis page.