Hamm Christopher W. 4
Research Summary
AI-generated summary
Amplify Energy (AMPY) Director Christopher Hamm Exercises Derivatives
What Happened
- Christopher W. Hamm, a member of the board of directors of Amplify Energy Corp. (AMPY), reported on July 1, 2026 the conversion/exercise of 51,043 derivative units and the grant/acquisition of 43,911 time‑based restricted stock units (TSUs).
- The Form 4 shows: 51,043 shares reported as exercised/converted (one entry "acquired" with price N/A and a matching "disposed" entry at $0), and 43,911 shares reported as a grant/award (acquired at $0). These transactions are compensation-related (awards/conversions) rather than open‑market purchases or sales.
Key Details
- Transaction date: 2026-07-01; Form filed: 2026-07-02 (timely filing).
- Reported amounts: 51,043 (M — exercise/conversion) and 43,911 (A — grant/award/TSUs).
- Reported prices/values: $0 (disposed/awarded) and N/A for one acquired entry.
- Shares owned after transaction: not provided in the supplied data.
- Relevant footnotes:
- F1–F3: The 43,911 TSUs are service‑based, convert one‑for‑one into common stock, and vest on the first anniversary of grant if the director remains on the board; granted under the 2024 Equity Incentive Plan.
- The filing does not specify reasons for the $0 disposition; such $0 dispositions on Form 4 often reflect net settlements or tax withholding, but the form here does not state the mechanism.
Context
- Code meanings: M = exercise/conversion of derivative; A = grant/award. These transactions appear to be equity compensation and settlement of previously awarded units rather than market buys or discretionary sales.
- For retail investors: awards and converted TSUs are routine director compensation and do not necessarily signal an intent to buy or sell in the public market.