Form 4: Amplify Energy Corp. Executive Eric M. Willis Reports Stock Transactions

Eric M. Willis, SVP, General Counsel & Corporate Secretary of Amplify Energy Corp., reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On February 1, 2025, Eric M. Willis, an officer of Amplify Energy Corp., reported transactions involving the company's common stock and restricted stock units.
• Willis acquired 40,195 shares of common stock upon settlement of previously awarded restricted stock units.
• He also disposed of 15,818 shares of common stock at a price of $5.34.
• Following these transactions, Willis directly owns 222,753 shares of common stock.
• Additionally, Willis acquired 51,204 restricted stock units (TSUs) and 51,204 performance stock units (PSUs) under the company's 2024 Equity Incentive Plan.
• After the reported transactions, Willis beneficially owns 46,530 previously granted restricted stock units, 97,734 newly granted TSUs, and 125,471 newly granted PSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but the disposal of shares could be viewed with slight caution.

Positives

• The granting of TSUs and PSUs to an executive could be seen as a positive sign, aligning the executive's interests with the company's long-term performance.

Negatives

• The disposal of 15,818 shares by the executive could be interpreted negatively, although it may be for personal financial reasons.

Risks

• The vesting of the PSUs is contingent on the company's achievement of certain performance goals, which introduces uncertainty.

Future Outlook

The vesting of TSUs and PSUs is dependent on continued employment and, in the case of PSUs, the achievement of performance goals.

Industry Context

Executive stock transactions are common and are typically disclosed to ensure transparency and prevent insider trading. The granting of equity-based compensation is a standard practice to incentivize executives.

Comparison to Industry Standards

• Equity grants are a common form of compensation for executives in the energy industry, aligning their interests with shareholders.
• Companies like Occidental Petroleum and Marathon Oil also utilize restricted stock units and performance-based equity awards as part of their executive compensation packages.
• The vesting schedules and performance metrics associated with these grants vary depending on the company's specific goals and industry practices.

Stakeholder Impact

• Shareholders may be interested in the executive's stock transactions as an indicator of confidence in the company.
• Employees may view the equity grants as a positive sign of the company's commitment to its employees.

Key Dates

Keywords

Amplify Energy Corp, Eric M. Willis, Form 4, Stock Transactions, Restricted Stock Units, Performance Stock Units, Equity Incentive Plan, Common Stock