Amplify Energy President & CFO Increases Stake Following PSU Vesting
AMPY sits 99% above its 52-week low of $2.27.
Summary
Amplify Energy's President and CFO, James Frew, increased his direct ownership by acquiring shares through the vesting of performance stock units, signaling confidence after meeting performance targets.
Key Events · Ownership and Investor Activity · AMPY
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President & CFO Acquires Shares
James Frew, President & CFO, acquired 55,829 shares of common stock through the settlement of performance stock units (PSUs) valued at $251,789.
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Net Increase in Ownership
After selling 23,888 shares for tax withholding at $4.57 per share, Mr. Frew's direct holdings increased to 185,051 shares.
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Performance Targets Met
The PSUs were earned at 100% of the target amount, indicating the company met its relative and absolute total shareholder return performance goals over the 2023-2025 period.
Analysis · AMPY · Energy & Transportation
This Form 4 filing indicates that James Frew, President and Chief Financial Officer of Amplify Energy Corp., acquired 55,829 shares of common stock through the settlement of performance stock units (PSUs). The Compensation Committee certified that the company met its performance goals for relative and absolute total shareholder return over the 2023-2025 period, resulting in 100% of the PSUs vesting. After a mandatory tax withholding of 23,888 shares valued at $109,168, Mr. Frew's direct holdings increased to 185,051 shares. This net increase in ownership by a key executive, following the achievement of performance targets, is a positive signal of management's alignment with shareholder interests and confidence in the company's trajectory.
At the time of this filing, AMPY was trading at $4.51 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $182.5M. The 52-week trading range was $2.27 to $6.62. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.