Form 4: Amplify Energy Corp. Director Douglas Patrice D. Reports Changes in Beneficial Ownership

Director Douglas Patrice D. reports acquisition of shares and restricted stock units in Amplify Energy Corp.

Summary

• On July 1, 2024, Director Douglas Patrice D. acquired 19,077 shares of Amplify Energy Corp. common stock upon settlement of previously awarded restricted stock units.
• Following the transaction, the director directly owns 60,295 shares of common stock.
• The director also acquired 19,665 unvested restricted stock units (TSUs) under the 2024 Equity Incentive Plan, which vest on the first anniversary of the grant date, contingent on continued board membership.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting insider transactions. The acquisition of shares by a director is mildly positive, suggesting confidence, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The document outlines the vesting schedule for the newly granted restricted stock units, which vest 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 into the ownership changes of company insiders.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares as a positive signal.

Key Dates