Form 4: Amplify Energy Grants CEO Daniel Furbee 100,000 Performance Stock Units

Amplify Energy Corp. has granted its newly appointed Chief Executive Officer, Daniel Furbee, 100,000 performance and service-based restricted stock units.

Summary

• Daniel Furbee, serving as Director and Chief Executive Officer of Amplify Energy Corp. (AMPY), was granted 100,000 Performance Stock Units (PSUs) on July 22, 2025.
• These Special PSUs were granted in connection with Furbee's appointment as CEO.
• The PSUs are subject to performance and service-based vesting conditions.
• Vesting is contingent upon Amplify Energy Corp.'s achievement of certain target stock prices.
• Vesting also requires Furbee to remain employed by the Company through the vesting date.
• Each Special PSU represents a contingent right to receive, upon vesting, up to 200% of one share of the Company's common stock, meaning up to 200,000 shares could be issued.
• The reported price of the derivative security at the time of grant was $0.

Sentiment

Score: 7

Explanation: The sentiment is positive as the grant aligns the CEO's interests with shareholder value and is a standard, expected part of executive compensation for a new leader, indicating stability and long-term commitment.

Positives

• The grant of Performance Stock Units aligns the Chief Executive Officer's compensation directly with the Company's stock price performance, incentivizing value creation for shareholders.
• The equity grant is a standard component of executive compensation packages, signaling a commitment to long-term leadership and stability following a key appointment.

Risks

• The vesting of the Performance Stock Units is contingent on the Company's achievement of unspecified target stock prices, meaning the CEO may not receive the full potential share amount if performance targets are not met.
• The PSUs also require the reporting person to remain employed by the Company through the vesting date, posing a risk of forfeiture if employment ceases prematurely.

Future Outlook

The grant of Performance Stock Units indicates a forward-looking compensation strategy tied to the Company's future stock price performance, aiming to incentivize the Chief Executive Officer to achieve specific, undisclosed stock price targets.

Management Comments

• The Special PSUs were granted in connection with the reporting person's appointment as Chief Executive Officer of Amplify Energy Corp.

Industry Context

Performance-based equity grants are a common practice in the energy sector and broader corporate landscape for executive compensation, designed to align management incentives with shareholder returns. This grant to Amplify Energy's new CEO reflects a standard approach to attracting and retaining top executive talent in a competitive industry.

Comparison to Industry Standards

• The structure of performance and service-based restricted stock units, with potential for enhanced payout based on performance, is a widely adopted executive compensation mechanism across various industries, including energy.
• Comparable companies in the independent oil and gas exploration and production sector frequently utilize similar long-term incentive plans to motivate executives and link their compensation to company-specific and market-based performance metrics.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the CEO's financial incentives with the Company's stock performance, potentially benefiting shareholders if stock price targets are met.
• Employees: The appointment of a new CEO and associated compensation structure can signal leadership stability and strategic direction for the workforce.

Next Steps

• The vesting of the 100,000 Performance Stock Units will occur based on Amplify Energy Corp.'s achievement of certain target stock prices.
• The CEO must remain employed by the Company through the vesting date for the PSUs to vest.

Key Dates

Recommendation

The filing details a standard executive compensation grant for a newly appointed CEO, which is a positive signal for management alignment and stability. However, this single event does not provide sufficient information to warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position as it indicates ongoing corporate governance and executive incentivization practices.

Keywords

Amplify Energy Corp., AMPY, Daniel Furbee, CEO, Chief Executive Officer, Performance Stock Units, PSUs, Restricted Stock Units, RSUs, Executive Compensation, Equity Grant, SEC Form 4, Insider Transaction, Corporate Governance, Energy Sector