Form 4: Amplify Energy Director Patrice Douglas Settles Restricted Stock Units Upon Board Departure

Amplify Energy Corp. Director Patrice D. Douglas acquired 19,665 shares of common stock through the accelerated settlement of restricted stock units, coinciding with the end of her board service.

Summary

• Patrice D. Douglas, a Director of Amplify Energy Corp. (AMPY), reported changes in her beneficial ownership of company securities.
• On June 13, 2025, Ms. Douglas acquired 19,665 shares of Amplify Energy common stock, par value $0.01 per share.
• These shares were granted upon the settlement of previously awarded service-based restricted stock units (TSUs).
• Concurrently, 19,665 restricted stock units were disposed of as they were converted into common stock.
• The TSUs were originally scheduled to vest on July 1, 2025, but their vesting was accelerated.
• The acceleration of vesting occurred because Ms. Douglas's service on the Board of Directors ended following the Company's Annual Meeting of Stockholders on June 13, 2025.
• Following these transactions, Ms. Douglas directly beneficially owns 79,960 shares of common stock and 0 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine insider transaction report (Form 4) detailing the settlement of restricted stock units and a director's departure. It contains no information that would significantly alter the company's financial outlook or strategic direction, thus indicating a neutral sentiment.

Positives

• The settlement of restricted stock units represents a realization of compensation for the reporting person, Patrice D. Douglas.
• The company's equity incentive plan successfully facilitated the vesting and conversion of employee/director compensation.

Negatives

• The departure of a director, Patrice D. Douglas, from the Board of Directors could be perceived as a minor negative, though the filing does not provide reasons beyond the end of her service.

Future Outlook

The document does not provide forward-looking statements or guidance regarding the company's financial performance or strategic direction. It solely details an insider's equity transaction and board departure.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation and a director's departure. It does not provide information directly related to broader industry trends in the energy sector, but rather reflects standard corporate governance and compensation practices within a publicly traded company.

Management Changes

Stakeholder Impact

• Shareholders: The departure of a director may lead to minor changes in board composition and oversight, but the filing does not indicate any significant strategic shift or impact on shareholder value beyond the routine nature of the event.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Amplify Energy Corp., AMPY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Departure, Equity Incentive Plan, Beneficial Ownership, Stock Settlement