Form 4: Amplify Energy Executive Converts PSUs to Stock

Amplify Energy Corp. executive Eric M. Willis converted performance stock units into common stock, reflecting the company's achievement of performance goals.

Summary

• Eric M. Willis, SVP, General Counsel & Corporate Secretary of Amplify Energy Corp. (AMPY), reported transactions on January 6, 2026.
• 29,462 shares of common stock were acquired upon the settlement of previously awarded performance stock units (PSUs).
• The PSUs, granted on February 1, 2023, vested at 100% of the target amount due to the company's achievement of relative and absolute total shareholder return performance goals over the period from January 1, 2023, through December 31, 2025.
• 13,155 shares of common stock were disposed of at a price of $4.57 per share, likely for tax withholding purposes related to the PSU settlement.
• Following these transactions, Eric M. Willis beneficially owns 239,060 shares of common stock and 96,009 performance stock units.

Sentiment

Score: 7

Explanation: The sentiment is positive as the executive's performance stock units vested at 100% of the target amount, indicating the company successfully met its performance goals related to total shareholder return. This reflects positively on the company's operational and strategic execution during the performance period.

Positives

• 100% of the Performance Stock Units (PSUs) originally granted on February 1, 2023, became earned at 100% of the target amount.
• This indicates that Amplify Energy Corp. achieved its relative and absolute total shareholder return performance goals for the period from January 1, 2023, through December 31, 2025.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance, as it reports past compensation events based on achieved performance goals.

Management Comments

• The Compensation Committee of Amplify Energy Corp. certified the company's relative total shareholder return performance and referenced its absolute total shareholder return performance over the performance period, resulting in 100% of the PSUs becoming earned at 100% of the target amount.

Industry Context

This Form 4 filing details an executive's compensation event, specifically the vesting of performance-based equity. Such events are common across publicly traded companies, particularly in the energy sector, as a means to align executive incentives with shareholder returns and long-term company performance. The achievement of 100% of target PSUs suggests strong performance relative to the company's internal and market-based metrics during the specified period.

Corporate Governance

Stakeholder Impact

• Shareholders: The vesting of PSUs at 100% indicates that the company met its performance targets, which should be viewed positively as it suggests value creation for shareholders during the performance period.
• Employees (specifically Eric M. Willis): The executive received a significant portion of their performance-based compensation, reflecting successful achievement of personal and company goals, which can enhance retention and motivation.

Key Dates

Keywords

Amplify Energy Corp, AMPY, Form 4, Insider Transaction, Performance Stock Units, PSUs, Executive Compensation, Stock Vesting, Total Shareholder Return