Form 4: Amplify Energy Corp. Director Deborah G. Adams Reports Changes in Beneficial Ownership

Director Deborah G. Adams reports acquisition and disposal of Amplify Energy Corp. stock and restricted stock units on July 1, 2024.

Summary

• On July 1, 2024, Deborah G. Adams, a director of Amplify Energy Corp., reported transactions involving the company's stock and restricted stock units (TSUs).
• Adams acquired 19,077 shares of common stock upon settlement of previously awarded TSUs.
• Following the transaction, Adams directly owns 51,961 shares of Amplify Energy Corp.
• Adams was also granted 19,665 unvested TSUs under the Amplify Energy Corp. 2024 Equity Incentive Plan, which vest on the first anniversary of the grant date, contingent on continued board membership.
• These TSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.

Positives

• The acquisition of shares through TSU settlement increases the director's direct ownership in the company, potentially aligning her interests with those of shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but it does mention the vesting of TSUs on the first anniversary of the grant date, contingent on continued board membership.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency regarding the ownership stake of company directors.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.

Key Dates