Form 4: Amplify Energy Corp. Executive Settles Restricted Stock Units

Anthony William Lopez, an officer at Amplify Energy Corp., settled restricted stock units and disposed of shares to cover tax obligations on March 16, 2024.

Summary

• On March 16, 2024, Anthony William Lopez, an officer of Amplify Energy Corp., engaged in transactions involving the company's common stock.
• Lopez settled 9,588 restricted stock units (TSUs), resulting in the acquisition of 9,588 shares of common stock.
• Simultaneously, Lopez disposed of 3,773 shares to satisfy tax obligations at a price of $6.05 per share.
• Following these transactions, Lopez directly owns 92,262 shares of Amplify Energy Corp. common stock and 53,941 restricted stock units.
• The TSUs vest in equal installments over three years, contingent upon continued employment with the company.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider transactions related to equity compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The reporting person will continue to vest in the remaining restricted stock units over the next three years, contingent upon continued employment with the company.

Industry Context

This filing is a routine disclosure of insider transactions related to equity compensation. It provides transparency into the holdings and transactions of company executives, which is standard practice in the energy industry and publicly traded companies.

Stakeholder Impact

• Shareholders gain insight into executive compensation and ownership.
• Employees may be impacted by the vesting schedule of the restricted stock units.

Key Dates