Terrado Rodolfo Martin 4

What Happened Rodolfo Terrado (listed in the filing as Terrado Rodolfo Martin), GeoPark Ltd's Chief Operating Officer, was granted equity awards on 2026-03-24. The filing reports an award of 15,217 restricted stock units (RSUs) with a reported acquisition price of $0.00, plus a separate derivative award of 68,475 shares (reported as N/A for price) that appears to be performance‑based. The RSUs are compensation awards (not open‑market purchases or sales) and therefore represent non‑cash compensation rather than a purchase or sale of existing shares.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (filed two days after the transaction — appears timely).
• Awards reported:
  • 15,217 RSUs @ $0.00 (acquired)
  • 68,475 derivative RSUs @ N/A (acquired; performance-based)
• Footnotes in the filing:
  • F1: These grants represent restricted stock units; vesting requires continued employment on vesting dates.
  • F2: The reported amounts include 24,745 RSUs (filing note).
  • F3: The 68,475 figure represents the maximum number of shares that may vest based on achievement of absolute total shareholder return (TSR) thresholds.
• Shares owned after the transaction: not specified in the information you provided.
• Filing type: Award/Grant (transaction code A). No sale or purchase reported.

Context RSU grants are compensation intended to retain executives and can include time‑vesting and performance conditions; they do not indicate an immediate personal cash investment or sale. The 68,475-share item is a derivative/performance award with a maximum payout tied to TSR goals — actual shares that vest may be lower depending on performance and the officer’s continued employment.