Amplify Energy CFO James Frew Increases Ownership Through Option Exercise and New Equity Grants
Summary
Amplify Energy's CFO, James Frew, acquired common stock through an option exercise and received new restricted and performance stock unit grants, partially offset by tax-related share dispositions.
Key Events
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Option Exercise
CFO James Frew exercised options, acquiring 50,613 shares of common stock valued at $253,571.
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New Equity Grants
Frew received new grants of 67,120 Restricted Stock Units and 67,120 Performance Stock Units.
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Tax Withholding
19,917 shares, valued at $99,983, were disposed of to satisfy tax obligations related to the equity transactions.
Analysis
This Form 4 filing details compensation-related transactions for Amplify Energy's Chief Financial Officer, James Frew. The primary activity involves the exercise of options, resulting in the acquisition of common stock valued at $253,571. Concurrently, Frew received new grants of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), further increasing his potential future ownership. A portion of shares, valued at $99,983, was disposed of to cover tax withholding obligations, a routine event associated with equity compensation. Overall, these transactions reflect a net increase in the CFO's direct and derivative holdings, aligning his interests with shareholders.
At the time of this filing, AMPY was trading at $5.01 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $202.8M. The 52-week trading range was $2.27 to $6.55. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.