Form 4: Amplify Energy Corp. Executive Willsher Martyn Reports Changes in Beneficial Ownership

Martyn Willsher, a Director and Officer at Amplify Energy Corp., reports transactions involving common stock and restricted stock units.

Summary

• On February 1, 2025, Martyn Willsher reported transactions related to Amplify Energy Corp. common stock and restricted stock units (RSUs) and performance stock units (PSUs).
• Willsher acquired 61,496 shares of common stock upon settlement of previously awarded time-based restricted stock units (TSUs).
• He disposed of 24,200 shares of common stock at a price of $5.34.
• Following these transactions, Willsher directly owns 295,794 shares of common stock.
• Willsher was also granted 76,075 TSUs and 177,507 PSUs under the Amplify Energy Corp. 2024 Equity Incentive Plan.
• Following these transactions, Willsher directly owns 64,222 restricted stock units, 140,297 TSUs and 336,035 PSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of transactions. The equity grants are a positive sign, but the sale of shares introduces a slight negative element.

Positives

• The granting of TSUs and PSUs to Willsher aligns his interests with the long-term performance of the company.

Negatives

• The disposal of 24,200 shares, while potentially for tax purposes, could be interpreted negatively by some investors.

Risks

• The vesting of PSUs is contingent on the Company's achievement of certain performance goals, which may not be met.

Future Outlook

The document does not contain explicit forward-looking statements, but the granting of equity suggests an expectation of future value creation.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership changes, common in publicly traded companies. It provides transparency to investors regarding the alignment of management's interests with shareholder value.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in the energy industry, used to incentivize performance and retain key personnel.
• The vesting schedules and performance metrics associated with the TSUs and PSUs are likely benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The transactions may have a minor impact on shareholders' perception of management's confidence in the company.
• Employees may be affected by the performance goals tied to the vesting of PSUs.

Key Dates

Keywords

Amplify Energy Corp, Willsher Martyn, Form 4, Beneficial Ownership, Common Stock, Restricted Stock Units, TSUs, PSUs, Equity Incentive Plan, Director, Officer