Amplify Energy director exercises units, gets RSU grant
Amplify Energy Corp. director Clint D. Coghill reported equity compensation and related changes in his holdings.
Rhea-AI Filing Summary
Amplify Energy Corp. director Clint D. Coghill reported equity compensation and related changes in his holdings. He exercised previously awarded restricted stock units, converting 41,922 units into common stock at a price of $0.00 per share, and now holds 44,332 common shares directly.
He also received a new grant of 31,365 restricted stock units under Amplify Energy’s 2024 equity incentive plan, which vest on the first anniversary of grant if he remains on the board and convert into common stock on a one-for-one basis. Separate from these direct holdings, entities associated with him hold 83,000 shares through Drake Helix Holdings, LLC and 2,504,347 shares through Stoney Lonesome HF LP, for which he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
41,922 shares exercised/converted
Exercise
5 txns
Insider
COGHILL CLINT D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 41,922 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 31,365 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 41,922 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 31,365 contracts (Direct);
Common Stock, par value $0.01 per share — 44,332 shares (Direct);
Common Stock, par value $0.01 per share — 2,504,347 shares (Indirect, By; Stoney Lonesome HF LP);
Common Stock, par value $0.01 per share — 83,000 shares (Indirect, By: Drake Helix Holdings, LLC)
Footnotes (6)
- F1. Reflects shares of common stock, par value $0.01 per share of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with service-based vesting conditions ("TSUs").
- F2. Securities owned directly by Stoney Lonesome HF LP ("Stoney Lonesome"). Mr. Coghill, as the President and sole shareholder of CDC Financial, Inc. ("CDC Financial"), the managing member of the general partner of Stoney Lonesome, may be deemed to beneficially own the securities owned directly by Stoney Lonesome.
- F3. Mr. Coghill disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Coghill is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F4. Securities owned directly by The Drake Helix Holdings, LLC ("Drake Helix"). Mr. Coghill, as the President and sole shareholder of CDC Financial, the managing member of Drake Helix, may be deemed to beneficially own the securities owned directly by Drake Helix.
- F5. These TSUs were granted under the Amplify Energy Corp. 2024 Equity Incentive Plan, vesting on the first anniversary of the date of grant so long as the reporting person remained a member of the board of directors of the Company through the vesting date.
- F6. Share amount reflects an aggregate number and represents 31,365 unvested TSUs. These TSUs were granted under the Amplify Energy Corp. 2024 Amended & Restated Equity Incentive Plan and vest on the first anniversary of the date of grant so long as the reporting person remains a member of the board of directors of the Company through the vesting date. The TSUs convert into common stock on a one-for-one basis.
Key Figures
Units exercised: 41,922 units
New RSU grant: 31,365 units
Direct common shares after transactions: 44,332 shares
+3 more
6 metrics
Units exercised
41,922 units
Restricted stock units converted into common stock at $0.00 per share
New RSU grant
31,365 units
Time-based restricted stock units granted under 2024 Amended & Restated Equity Incentive Plan
Direct common shares after transactions
44,332 shares
Direct holdings of Amplify Energy common stock following the Form 4 transactions
Indirect Drake Helix holdings
83,000 shares
Shares held by The Drake Helix Holdings, LLC associated with Clint D. Coghill
Indirect Stoney Lonesome holdings
2,504,347 shares
Shares held by Stoney Lonesome HF LP associated with Clint D. Coghill
Derivative exercises
1 transaction
One derivative exercise (Code M) totaling 41,922 units
Key Terms
restricted stock units, service-based vesting conditions, pecuniary interest, Equity Incentive Plan, +1 more
5 terms
restricted stock units financial
"Reflects shares of common stock ... granted upon settlement of previously awarded restricted stock units with service-based vesting conditions"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
service-based vesting conditions financial
"granted upon settlement of previously awarded restricted stock units with service-based vesting conditions ("TSUs")"
pecuniary interest financial
"Mr. Coghill disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
Equity Incentive Plan financial
"These TSUs were granted under the Amplify Energy Corp. 2024 Amended & Restated Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did AMPY director Clint D. Coghill report?
Clint D. Coghill reported exercising 41,922 restricted stock units into common stock at $0.00 per share and receiving a new grant of 31,365 restricted stock units. These transactions reflect equity compensation rather than open-market buying or selling.
What restricted stock unit grants did AMPY disclose for Clint D. Coghill?
Amplify Energy disclosed a new grant of 31,365 restricted stock units to Clint D. Coghill. These time-based units were granted under the 2024 Amended & Restated Equity Incentive Plan and vest on the first anniversary of the grant date if he remains on the board of directors.
Were there any open-market buys or sells in this AMPY Form 4 filing?
The Form 4 shows no open-market purchases or sales. Activity consists of an equity award of 31,365 restricted stock units and an exercise of 41,922 restricted stock units into common stock at $0.00, indicating compensation-related transactions rather than market trading.
How do the AMPY restricted stock units convert into common stock?
The time-based restricted stock units granted to Clint D. Coghill convert into Amplify Energy common stock on a one-for-one basis. Vesting occurs on the first anniversary of the grant date, provided he continues to serve on the company’s board of directors through that vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
