Form 4: Amplify Energy Exec Converts PSUs, Sells for Tax

Amplify Energy's SVP of Engineering & Exploitation, Anthony William Lopez, converted performance stock units into common stock and sold a portion to cover tax obligations.

Summary

• Anthony William Lopez, SVP, Engineering & Exploitation at Amplify Energy Corp. (AMPY), reported transactions on January 6, 2026.
• 17,397 shares of common stock were acquired upon the settlement of previously awarded performance stock units (PSUs).
• The Compensation Committee certified that 100% of the PSUs originally granted on February 1, 2023, became earned at 100% of the target amount.
• This certification was based on the company's relative and absolute total shareholder return performance over the period from January 1, 2023, through December 31, 2025.
• Subsequently, 7,768 shares of common stock were disposed of at a price of $4.57 per share, likely to cover tax withholding obligations related to the PSU vesting.
• Following these transactions, Lopez directly beneficially owns 150,050 shares of common stock.
• Lopez also holds 70,865 derivative securities in the form of Performance Stock Units.

Sentiment

Score: 7

Explanation: The full vesting of performance stock units at 100% of the target amount, based on strong total shareholder return performance, is a positive indicator for the company's operational and strategic execution. The subsequent sale of shares is for tax purposes, which is a standard practice and does not necessarily reflect negative sentiment from the insider.

Positives

• 100% of the performance stock units (PSUs) granted on February 1, 2023, became earned at 100% of the target amount, indicating strong company performance against set goals.
• The vesting was based on the company's relative and absolute total shareholder return performance over a three-year period (January 1, 2023, to December 31, 2025).

Negatives

• The disposition of 7,768 shares of common stock at $4.57 per share, although likely for tax withholding, represents a reduction in the executive's direct equity holdings.

Future Outlook

The filing reports on past performance leading to the current vesting of performance stock units, but does not provide explicit forward-looking statements or guidance.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Corporate Governance

Stakeholder Impact

• Shareholders: The full vesting of PSUs based on performance metrics could be viewed positively, signaling successful achievement of company goals related to shareholder returns.
• Employees (specifically the reporting person): The executive received a significant equity award, aligning their interests with long-term company performance.

Key Dates

Keywords

Amplify Energy, AMPY, Form 4, insider transaction, stock units, PSU, performance stock units, executive compensation, stock sale, beneficial ownership