Form 4: Amplify Energy Corp. Director Prasad Vidisha Reports Changes in Beneficial Ownership

Director Prasad Vidisha reports acquisition and disposal of Amplify Energy Corp. stock and restricted stock units.

Summary

• On July 1, 2024, Director Prasad Vidisha reported changes in beneficial ownership of Amplify Energy Corp. securities.
• The transactions involved common stock and restricted stock units (TSUs).
• 13,185 shares of common stock were acquired upon settlement of previously awarded TSUs.
• 19,665 unvested TSUs were granted under the Amplify Energy Corp. 2024 Equity Incentive Plan.
• These TSUs vest on the first anniversary of the grant date, contingent on continued board membership.
• The TSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects standard insider transactions related to equity compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The acquisition of shares through TSU settlement increases the director's stake in the company, aligning her interests with shareholders.
• The grant of additional TSUs incentivizes continued service on the board of directors.

Future Outlook

The granted TSUs will vest on the first anniversary of the grant date, contingent on continued board membership.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director ownership and incentives.

Key Dates