Willis Eric M. 4

What Happened

• Eric M. Willis, Senior Vice President, General Counsel & Corporate Secretary of Amplify Energy (AMPY), reported settlement/conversion of 45,243 derivative units into common stock on 2026-02-01. Of those, 17,956 shares were withheld to satisfy tax withholding obligations (disposed) for a value of $90,139 (at $5.02 per share). The filing also reports two awards granted on the same date: 67,120 time-based restricted stock units (TSUs) and 67,120 performance-and-service-based restricted stock units (PSUs). These awards are equity compensation rather than open-market purchases or discretionary sales.

Key Details

• Transaction date: 2026-02-01; Filing date: 2026-02-04.
• Conversion/exercise (code M): 45,243 shares converted/settled.
• Tax withholding (code F): 17,956 shares withheld at $5.02/share, totaling $90,139.
• Awards/grants (code A): 67,120 TSUs and 67,120 PSUs granted (both shown as $0 exercise price/award value in the Form 4 because they are equity awards).
• Shares owned after transaction: not specified in the provided filing extract.
• Filing timeliness: the Form 4 is dated Feb 4, 2026 and reports Feb 1 transactions; the filing does not include a late-filing flag in the provided data.

Context

• TSUs (time‑based RSUs) vest on an equal basis over three years, subject to continued employment; each TSU converts to one share upon vesting. PSUs vest based on performance and service and may pay up to 200% of one share per PSU if performance goals are met.
• The 17,956-share disposition is a tax-withholding action (common in equity settlements) — shares were retained by the company to cover withholding; this is not an open-market sale.
• These transactions reflect routine equity compensation settlement and new awards, not an independent cash purchase or sale signal.