Form 4: Amplify Energy Director Christopher Hamm Reports Routine Equity Transactions

Amplify Energy Corp. Director Christopher W. Hamm reported the settlement of previously awarded restricted stock units and the grant of new restricted stock units, aligning his interests with shareholders.

Summary

• Christopher W. Hamm, a Director of Amplify Energy Corp. (AMPY), reported transactions on July 1, 2025, related to his equity holdings.
• He acquired 27,531 shares of common stock upon the settlement of previously awarded service-based restricted stock units (TSUs).
• Following this transaction, his direct beneficial ownership of common stock increased to 272,078 shares.
• Concurrently, he was granted 51,043 new unvested restricted stock units (TSUs) under the Amplify Energy Corp. 2024 Equity Incentive Plan.
• These new TSUs are set to vest on the first anniversary of the grant date, provided he remains a member of the board of directors through the vesting date, and convert into common stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine equity compensation for a director, which aligns their interests with shareholders and indicates continued engagement. It is not highly impactful on its own.

Positives

• The grant of new restricted stock units to Director Christopher W. Hamm aligns his financial interests with those of the company's shareholders, promoting long-term commitment.
• The settlement of previously awarded restricted stock units indicates the successful vesting and conversion of prior equity compensation.

Future Outlook

The newly granted restricted stock units are designed to vest on the first anniversary of the grant date, contingent on the director's continued service on the board, indicating a future conversion to common stock.

Management Comments

• The filing reflects the company's ongoing equity compensation practices for its directors, as outlined in the Amplify Energy Corp. 2024 Equity Incentive Plan.

Industry Context

Equity compensation, particularly through restricted stock units, is a standard practice across various industries, including the energy sector, to attract, retain, and incentivize directors and executives by aligning their interests with long-term company performance.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) for director compensation is a common practice across publicly traded companies, including those in the oil and gas exploration and production sector like Amplify Energy Corp.
• This method is widely adopted by peers such as Chesapeake Energy Corporation or Southwestern Energy Company, as it ties compensation directly to company stock performance and encourages long-term commitment.
• The vesting schedule, typically over one to three years, is also consistent with industry benchmarks for service-based equity awards to board members.

Corporate Governance

Related Party Transactions

• The reported transactions involve the grant and settlement of equity awards between Amplify Energy Corp. and its Director, Christopher W. Hamm, which are standard compensation practices for related parties.

Stakeholder Impact

• Shareholders: The equity grants align the director's financial interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.
• Employees: While specific to a director, these types of equity plans are often part of broader compensation strategies that can also benefit employees, fostering a culture of ownership.

Next Steps

• The newly granted 51,043 restricted stock units are expected to vest on the first anniversary of the grant date (July 1, 2026), assuming Christopher W. Hamm remains a director.

Key Dates

Keywords

Amplify Energy Corp., AMPY, Christopher W. Hamm, Director, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Incentive Plan, Common Stock, Corporate Governance