Form 4: Amplify Energy Director Vidisha Prasad's Equity Vesting and Board Departure Reported in SEC Form 4

Amplify Energy Corp. filed a Form 4 detailing the vesting of 19,665 restricted stock units into common stock for Director Vidisha Prasad, whose board service concluded on June 13, 2025.

Summary

• Vidisha Prasad, a Director of Amplify Energy Corp. (AMPY), reported changes in her beneficial ownership of company securities.
• On June 13, 2025, 19,665 shares of Amplify Energy common stock, with a par value of $0.01 per share, were acquired by Ms. Prasad.
• These shares resulted from the settlement of previously awarded restricted stock units (TSUs) under the Amplify Energy Corp. Equity Incentive Plan.
• The vesting of these TSUs, originally scheduled for July 1, 2025, was accelerated due to Ms. Prasad's departure from the Board of Directors following the company's Annual Meeting of Stockholders on June 13, 2025.
• Following this transaction, Ms. Prasad beneficially owns 32,850 shares of common stock.
• Concurrently, 19,665 derivative securities (Restricted Stock Units) were disposed of as they converted into common stock at a price of $0.00.

Sentiment

Score: 5

Explanation: The document is a neutral, factual report of an insider transaction and a director's departure, which are routine corporate events. It contains no positive or negative financial news or strategic shifts.

Positives

• The vesting of restricted stock units indicates the fulfillment of equity compensation for a departing director, aligning with the company's incentive plan.

Negatives

• The departure of a director, Vidisha Prasad, from the Board of Directors, which may necessitate a search for a replacement.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects the standard practice of equity compensation for directors and the reporting requirements when such compensation vests or when an insider's role changes. The acceleration of vesting upon a director's departure is also a common provision in equity incentive plans.

Management Changes

Stakeholder Impact

• Shareholders: The vesting of RSUs results in a slight increase in outstanding shares, a routine event for equity compensation plans. The departure of a director may lead to a new appointment in the future, potentially impacting board composition.
• Vidisha Prasad (Director): Received vested shares as part of her compensation package upon her departure from the board.

Key Dates

Keywords

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