Amplify Energy (NYSE: AMPY) director converts RSUs and gets new 43,911-unit grant
Rhea-AI Filing Summary
Amplify Energy Corp. director Christopher W. Hamm reported equity compensation activity involving restricted stock units tied to the company’s common stock. He exercised or converted 51,043 shares of previously awarded restricted stock units with service-based vesting conditions into common stock, increasing his direct share ownership to 323,121 common shares following the transaction.
On the same date, he was granted 43,911 restricted stock units, which remain unvested and will vest on the first anniversary of the grant date if he continues to serve on the board. These time-based stock units convert into common stock on a one-for-one basis under Amplify Energy’s equity incentive plan.
Positive
- None.
Negative
- None.
Insights
Routine equity compensation: RSUs vested into shares and a new grant was issued.
Director Christopher W. Hamm exercised or converted 51,043 restricted stock units into Amplify Energy common stock and received a new grant of 43,911 restricted stock units. These actions reflect standard board compensation mechanics based on time-based service vesting.
After the transactions, Hamm directly holds 323,121 common shares and 43,911 unvested time-based stock units that vest on the first anniversary of the grant date if board service continues. No open-market buying or selling was reported, so the filing mainly updates ownership from equity awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 51,043 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 43,911 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 51,043 | $0.00 | -- |
Footnotes (1)
- 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"). 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. Share amount reflects an aggregate number and represents 43,911 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.