Director/PDMR Shareholding - Replacement
Gran Tierra Energy Inc. announced the vesting and cash settlement of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) for its directors and persons discharging managerial responsibility. PSUs granted on February 23, 2023, vested with a performance factor of 1.33, paid out at a ten-day volume weighted average price of $4.07, totaling 577,556 units for most executives and 34,103 units for Phillip Abraham. The first installment of RSUs granted on February 26, 2025, also vested and were paid out at $4.07 per unit, with an aggregate of 131,330 units settled. These transactions occurred on April 7, 2026, outside of a trading venue.
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This announcement replaces RNS Announcement No. 2559A in its entirety.
Gran Tierra Energy Inc.
(the "Company")
The Company announces the following transactions in Performance Stock Units undertaken by directors / persons discharging managerial responsibility.
Performance Share Units (PSUs) granted to Executives on February 23, 2023 have vested and have been paid out to participants based on a ten-day volume weighted average price ("10 day VWAP") from December 31, 2025. The original grants of PSUs were adjusted by a performance factor of 1.33.
Restricted Stock Units (RSUs) granted to Executives on February 26, 2025, vest in three equal installments on the anniversary of each year following the grant. The first installment has vested and has been paid out to participants based on a ten-day volume weighted average price ("10 day VWAP") from December 31, 2025. The Notification of Dealing Form for the vesting and payment of the PSUs and RSUs for PDMRs can be found below.
| a) | Name | Gary Guidry, President and Chief Executive Officer Ryan Ellson, Executive Vice President and Chief Financial Officer Sebastien Morin, Chief Operating Officer Jim Evans, Executive Vice President, Corporate Services Phillip Abraham, Executive Vice President, Legal and Land |
| 2 | Reason for the notification | |
| a) | Position/status | See 1 a) above |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Gran Tierra Energy Inc. |
| b) | LEI | 549300IH2S17MAIUCM32 |
| a) | Description of the financial instrument, type of instrument | Performance Share Units Each Performance Share 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 | Vesting and Cash Settlement of Performance Share Units |
| c) | Price(s) and volume(s) | PDMR Price(s) Volume (s) Gary Guidry Ryan Ellson Sebastien Morin Jim Evans Phillip Abraham USD 4.07 USD 4.07 USD 4.07 USD 4.07 USD 1.07 190,975 130,500 145,816 76,162 34,103 |
| d) | Aggregated information - Aggregated volume - Price | Price(s) Volume (s) USD 4.07 577,556 |
| e) | Date of the transaction | 7 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 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 Sebastien Morin, Chief Operating Officer Jim Evans, Executive Vice President, Corporate Services Phillip Abraham, Executive Vice President, Legal and Land |
| 2 | Reason for the notification | |
| a) | Position/status | See 1 a) above |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Gran Tierra Energy Inc. |
| b) | LEI | 549300IH2S17MAIUCM32 |
| Identification code | n/a | |
| b) | Nature of the transaction | Vesting and Cash Settlement of Restricted Stock Units |
| c) | Price(s) and volume(s) | PDMR Price(s) Volume (s) Gary Guidry Ryan Ellson Sebastien Morin Jim Evans Phillip Abraham USD 4.07 USD 4.07 USD 4.07 USD 4.07 USD 4.07 44,148 27,593 27,593 17,264 14,732 |
| d) | Aggregated information - Aggregated volume - Price | Price(s) Volume (s) USD 4.07 131,330 |
| e) | Date of the transaction | 7 April 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.