Adams Deborah G 4
Research Summary
AI-generated summary
Amplify Energy (AMPY) Director Deborah Adams Receives Award
What Happened
Deborah G. Adams, a director of Amplify Energy Corp. (AMPY), converted/ exercised derivative awards into 36,459 shares and was granted 31,365 time‑based restricted stock units (TSUs) on July 1, 2026. The reported transactions show no cash price (listed as $0.00 or N/A), meaning the shares/units were issued/converted without an out‑of‑pocket purchase price in the filing.
Key Details
- Transaction dates: July 1, 2026 (conversion/exercise of 36,459 shares; grant/acquisition of 31,365 TSUs). The filing also lists a 2025-07-01 entry showing a 36,459-share derivative conversion/disposition at $0.00.
- Prices/values: Reported as $0.00 or N/A in the filing (no cash paid/received shown).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: TSUs reflect settlement/award of restricted stock units. The 31,365 TSUs were granted under Amplify Energy’s 2024 Equity Incentive Plan (Amended & Restated), vest on the first anniversary of grant if the director remains on the board, and convert one-for-one into common stock.
- Timeliness: Report filed July 2, 2026 for transactions dated July 1, 2026 — appears timely (not noted as late).
Context
- Derivative explanation: The “exercise/conversion” entries indicate derivative awards (e.g., units or convertible awards) were converted into common shares rather than a market purchase or sale.
- TSU grant: The 31,365 TSUs are time‑based restricted stock units that will convert to common shares on a one‑for‑one basis if the vesting condition (continued board service for one year) is met.
- Interpretation: These filings are administrative actions (conversion/settlement and a grant) and do not by themselves indicate buying or selling in the open market; they show equity compensation activity for a director.