Form 4: Amplify Energy Corp. Executive James Frew Reports Stock Transactions

James Frew, SVP and CFO of Amplify Energy Corp., reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On February 1, 2025, James Frew, SVP and CFO of Amplify Energy Corp., reported transactions involving the company's stock.
• Frew acquired 33,545 shares of common stock upon settlement of previously awarded restricted stock units.
• He also disposed of 14,623 shares at a price of $5.34.
• Following these transactions, Frew directly owns 39,222 shares of common stock.
• Additionally, Frew was granted 51,204 restricted stock units (TSUs) and 51,204 performance stock units (PSUs) under the company's equity incentive plans.
• The TSUs vest over a three-year period, contingent upon continued employment.
• The PSUs vest based on the company's achievement of certain performance goals and continued employment, with each PSU representing a contingent right to receive up to 200% of one share of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions. The granting of equity could be seen as a positive sign of confidence in the company's future, but the disposal of shares introduces a slight negative element.

Positives

• The granting of TSUs and PSUs to the CFO aligns his interests with the long-term performance of the company.
• The vesting conditions of the equity grants incentivize continued employment and achievement of performance goals.

Negatives

• The disposal of 14,623 shares by the CFO could be perceived negatively, although it may be part of a planned diversification strategy.

Risks

• The value of the PSUs is contingent on the company's achievement of certain performance goals, which may not be met.
• The vesting of the TSUs and PSUs is dependent on the reporting person's continued employment with the company.

Future Outlook

The document does not contain specific forward-looking statements, but the equity grants suggest an expectation of continued employment and company performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and incentives.

Comparison to Industry Standards

• Equity compensation is a standard practice in the oil and gas industry to align management's interests with shareholders.
• Companies like Occidental Petroleum and EOG Resources also utilize restricted stock units and performance-based equity awards.
• The vesting schedules and performance metrics associated with these awards vary depending on the company's specific goals and compensation philosophy.

Stakeholder Impact

• Shareholders may be interested in the executive's stock transactions as an indicator of management's confidence in the company.
• Employees may be impacted by the performance-based vesting conditions of the PSUs, which are tied to the company's overall success.

Key Dates

Keywords

Amplify Energy Corp., James Frew, stock transactions, restricted stock units, performance stock units, Form 4, equity incentive plan, beneficial ownership