Gran Tierra Energy ( (GTE) ) has issued an announcement.
Gran Tierra Energy Inc. has announced the vesting and cash settlement of Performance Share Units (PSUs) and Restricted Stock Units (RSUs) for its executives. The PSUs, initially granted in March 2022, were adjusted by a performance factor and settled based on a ten-day volume weighted average price as of December 31, 2024. Similarly, the first installment of RSUs granted in February 2024 has vested. These transactions, conducted outside a trading venue, reflect the company’s ongoing commitment to aligning executive compensation with performance metrics, potentially impacting stakeholder perceptions and executive retention strategies.
More about Gran Tierra Energy
Gran Tierra Energy Inc. operates in the oil and gas industry, focusing on the exploration and production of hydrocarbons. The company is primarily engaged in the development of oil and natural gas properties in South America, with a significant emphasis on operations in Colombia.
YTD Price Performance: -31.61%
Average Trading Volume: 330,459
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $184.8M
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