Amplify Energy officer settles performance share units
Rhea-AI Filing Summary
Amplify Energy Corp. officer Daniel Furbee received 55,829 shares of Common Stock upon settlement of previously granted Performance Stock Units after the Compensation Committee certified the company’s relative and absolute total shareholder return performance for the January 1, 2023–December 31, 2025 period, resulting in 100% of the target award being earned.
To cover tax obligations, 23,878 shares were withheld at $4.5700 per share, and Furbee now directly holds 81,189 shares of Common Stock. The PSUs were granted on April 1, 2023 under the Amplify Energy Corp. Equity Incentive Plan and could pay up to 200% of the target amount based on performance.
Positive
- None.
Negative
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Insider Trade Summary
55,829 shares exercised/converted
Exercise
3 txns
Insider
FURBEE DANIEL
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 55,829 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 55,829 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 23,878 | $4.57 | $109K |
Holdings After Transaction:
Performance Stock Units — 98,909 contracts (Direct);
Common Stock, par value $0.01 per share — 81,189 shares (Direct)
Footnotes (2)
- F1. Reflects shares of common stock, par value $0.01 per share ("Common Stock"), of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions ("PSUs"). On January 6, 2026, the Compensation Committee (the "Compensation Committee") of the Company certified the Company's relative total shareholder return performance and referenced the Company's absolute total shareholder return performance over the performance period, which ran from January 1, 2023 through December 31, 2025, resulting in 100% of the PSUs originally granted on April 1, 2023 becoming earned at 100% of the target amount.
- F2. These PSUs were granted under the Amplify Energy Corp. Equity Incentive Plan and vest pursuant to the Company's achievement of certain performance goals and so long as the reporting person remains employed by the Company through the vesting date. Each PSU represents a contingent right to receive, upon vesting, up to 200% of the target amount. On January 6, 2026, the Compensation Committee certified the Company's relative total shareholder return performance and referenced the Company's absolute total shareholder return performance over the performance period, which ran from January 1, 2023 through December 31, 2025, resulting in 100% of the PSUs originally granted on April 1, 2023 becoming earned at 100% of the target amount.
Key Figures
PSUs settled into Common Stock: 55,829 shares
Shares withheld for taxes: 23,878 shares
Tax withholding price: $4.5700 per share
+3 more
6 metrics
PSUs settled into Common Stock
55,829 shares
Performance Stock Units converted to Common Stock on January 6, 2026
Shares withheld for taxes
23,878 shares
Common Stock withheld to satisfy tax obligations on January 6, 2026
Tax withholding price
$4.5700 per share
Price used for tax-withholding disposition of 23,878 shares
Post-transaction Common Stock holdings
81,189 shares
Directly held Common Stock after PSU settlement and tax withholding
PSUs maximum payout
200% of target amount
Each PSU could deliver up to 200% of the target based on performance
PSUs earned
100% of target amount
Compensation Committee certification led to 100% of target PSUs being earned
Key Terms
Performance Stock Units, relative total shareholder return, absolute total shareholder return, Equity Incentive Plan
4 terms
Performance Stock Units financial
"Reflects shares of Common Stock granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Equity Incentive Plan financial
"These PSUs were granted under the Amplify Energy Corp. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Amplify Energy (AMPY) report about Daniel Furbee’s recent stock award?
Amplify Energy reported that officer Daniel Furbee received 55,829 shares of Common Stock from settled Performance Stock Units after the Compensation Committee certified relative and absolute total shareholder return performance for 2023–2025 at 100% of the target level.
What performance period governed Daniel Furbee’s Amplify Energy (AMPY) PSUs?
Furbee’s Performance Stock Units were tied to total shareholder return over a period from January 1, 2023 through December 31, 2025. On January 6, 2026, the Compensation Committee certified results that caused 100% of the target PSUs granted April 1, 2023 to be earned.
What was the potential payout range of Amplify Energy (AMPY) Performance Stock Units?
Each Performance Stock Unit could deliver up to 200% of the target amount, depending on performance. For this grant, the Compensation Committee’s January 6, 2026 certification led to an actual outcome of 100% of the target PSUs being earned and settled in Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
