France Natasha 4
Research Summary
AI-generated summary
Amplify Energy (AMPY) VP & Chief Accounting Officer Exercises and Receives TSUs
What Happened
Natasha France, Vice President and Chief Accounting Officer of Amplify Energy Corp. (AMPY), had several equity-related transactions on Feb 1, 2026. She exercised/converted 10,449 derivative units and was granted/received 13,705 time‑based stock units (TSUs). To cover tax withholding, 3,100 shares were surrendered/withheld at $5.02 per share for a dollar amount of $15,562. The exercise/conversion lines and the withholding reflect routine settlement and tax payment mechanics rather than an open‑market purchase or sale for investment exposure.
Key Details
- Transaction date: February 1, 2026; Form 4 filed February 4, 2026. (Form 4s are generally due within two business days; the filing does not state whether it was late.)
- Exercise/conversion: 10,449 derivative units (transaction code M).
- Tax withholding: 3,100 shares withheld/disposed at $5.02 each = $15,562 (transaction code F).
- Grant/award: 13,705 TSUs granted/settled (transaction code A) at $0.00 value in the filing.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnotes: The 13,705 TSUs represent TSUs granted upon settlement of previously awarded restricted stock units; these TSUs vest on an equal basis over three years and each TSU represents a contingent right to one share of common stock.
Context
Exercise/conversion (M) lines indicate derivative instruments were converted into shares; the subsequent withholding (F) is a common, routine method to satisfy tax obligations rather than an active sell indicating a change in sentiment. The 13,705 TSUs are time‑based awards that vest over three years and do not represent immediately tradable shares until they vest (and any applicable restrictions lapse). For retail investors, awards and tax withholding are typically administrative; outright open‑market purchases would be a stronger signal of insider conviction.