Energy SpA

Director's Dealing • Mar 19, 2025

National Storage Mechanism | Additional information

RNS Number : 3598B

Gran Tierra Energy Inc.

19 March 2025

March 19, 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 Performance Stock Units undertaken by directors / persons discharging managerial responsibility.

Performance Share Units (PSUs) granted to Executives on March 1, 2022 have vested and have been paid out to participants based on a ten-day volume weighted average price ("10 day VWAP") from December 31, 2024.  The original grants of PSUs were adjusted by a performance factor of 1.75. 

Restricted Stock Units (RSUs) granted to Executives on February 22, 2024, 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, 2024. The Notification of Dealing Form for the vesting and payment of the PSUs and RSUs 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

Phillip Abraham

Vice President, Legal and Business Development

(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

Phillip Abraham, Vice President, Legal and Business Development

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

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 Jim Evans Phillip Abraham	USD 6.79 USD 6.79 USD 6.79 USD 6.79	161,539 110,385 64,423 15,866

d)

Aggregated information

- Aggregated volume

- Price

Price(s)	Volume (s)
USD 6.79	352,213

e)

Date of the transaction

14 March 2025

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, Vice President, Corporate Services

Phillip Abraham, Vice President, Legal and Business Development

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

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 6.79 USD 6.79 USD 6.79 USD 6.79 USD 6.79	25,022 15,639 15,639 8,043 6,535

d)

Aggregated information

- Aggregated volume

- Price

Price(s)	Volume (s)
USD 6.79	70,878

e)

Date of the transaction

14 March 2025

f)

Place of the transaction

Outside a trading venue

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