Form 4: Amplify Energy Corp. Director Todd R. Snyder Reports Stock Transactions

Director Todd R. Snyder reports acquisition of 19,077 shares of Amplify Energy Corp. common stock upon settlement of restricted stock units and grant of 19,665 unvested restricted stock units.

Summary

• On July 1, 2024, Todd R. Snyder, a director of Amplify Energy Corp., acquired 19,077 shares of common stock upon the settlement of previously awarded restricted stock units (TSUs).
• These TSUs had service-based vesting conditions.
• Snyder also received a grant of 19,665 unvested TSUs under the Amplify Energy Corp. 2024 Equity Incentive Plan.
• These new TSUs will vest on the first anniversary of the grant date, provided Snyder remains a board member.
• The TSUs convert into common stock on a one-for-one basis.
• Following these transactions, Snyder directly owns 83,416 shares of Amplify Energy Corp. common stock and 19,665 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's long-term success.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units is contingent on the director remaining on the board.

Industry Context

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

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares upon vesting of the restricted stock units.

Key Dates