Form 4: Amplify Energy Director Clint Coghill Granted 41,922 Restricted Stock Units

Amplify Energy Corp. Director Clint D. Coghill was granted 41,922 time-based restricted stock units under the company's 2024 Equity Incentive Plan, vesting on July 1, 2026.

Summary

• Clint D. Coghill, a Director of Amplify Energy Corp. (AMPY), was granted 41,922 Restricted Stock Units (RSUs).
• The grant occurred on July 1, 2025.
• These RSUs are time-based stock units (TSUs) granted under the Amplify Energy Corp. 2024 Equity Incentive Plan.
• The units vest on the first anniversary of the grant date, July 1, 2026, provided Mr. Coghill remains a member of the board of directors through the vesting date.
• Each RSU converts into one share of common stock on a one-for-one basis.
• Following this transaction, Mr. Coghill beneficially owns 41,922 derivative securities (unvested TSUs).

Sentiment

Score: 7

Explanation: The filing indicates a routine grant of equity compensation to a director, which is generally viewed positively as it aligns the director's interests with shareholders and promotes long-term retention. It does not contain any negative or unexpected information.

Positives

• The grant of 41,922 Restricted Stock Units to Director Clint D. Coghill aligns his interests with those of shareholders, as the units vest based on continued service and convert to common stock.
• The equity incentive plan encourages long-term commitment from board members.

Risks

• The vesting of the 41,922 Restricted Stock Units is contingent upon Clint D. Coghill remaining a member of the board of directors through the vesting date of July 1, 2026.

Future Outlook

The 41,922 Restricted Stock Units granted to Director Clint D. Coghill are scheduled to vest on July 1, 2026, provided he remains a member of the board of directors through that date.

Industry Context

The grant of restricted stock units to directors is a common practice in the energy industry and broader corporate landscape to align executive and board member incentives with long-term shareholder value. This particular filing reflects a standard compensation mechanism under an existing equity incentive plan.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a widely adopted practice across various industries, including the energy sector, aligning with corporate governance best practices aimed at fostering long-term commitment and performance.
• The specific grant size of 41,922 units would typically be evaluated against peer companies' director compensation packages, considering factors such as company size, market capitalization, and the director's specific responsibilities, though this document does not provide such comparative data.

Corporate Governance

Related Party Transactions

• The grant of 41,922 Restricted Stock Units to Director Clint D. Coghill constitutes a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• The 41,922 Restricted Stock Units are expected to vest on July 1, 2026, assuming the reporting person remains a director.

Key Dates

Recommendation

Keywords

Amplify Energy, AMPY, SEC Form 4, insider transaction, restricted stock units, equity incentive plan, director compensation