Martyn Willsher - Jan 5, 2024 Form 4 Insider Report for Amplify Energy Corp. (AMPY)

Role: PRESIDENT, CEO, Director
Signature: /s/ Eric M. Willis, Attorney-in-Fact
Stock symbol: AMPY
Transactions as of: Jan 5, 2024
Transactions value $: -$129,742
Form type: 4
Date filed: 1/8/2024, 04:06 PM
Previous filing: Jun 13, 2023
Next filing: Feb 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AMPY	Common Stock, par value $0.01 per share	Options Exercise		+51.9K	+43.09%		172K	Jan 5, 2024	Direct	F1
transaction	AMPY	Common Stock, par value $0.01 per share	Tax liability	-$130K	-21.9K	-12.7%	$5.93	150K	Jan 5, 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AMPY	Performance Stock Units	Options Exercise	$0	-31.1K	-21.1%	$0.00	116K	Jan 5, 2024	Common Stock	31.1K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares of common stock, par value $0.01 per share ("Common Stock"), of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions ("PSUs"). On January 5, 2024, the Compensation Committee (the "Compensation Committee") of the Company certified the Company's relative total shareholder return performance over the third performance period, which ran from January 1, 2021 through December 31, 2023, resulting in 50% of the PSUs originally granted on April 1, 2021 becoming earned at 167% of the target amount.
F2	These PSUs were granted under the Amplify Energy Corp. Equity Incentive Plan and vest pursuant to the Company's achievement of certain performance goals and so long as the reporting person remains employed by the Company through the vesting date. Each PSU represents a contingent right to receive, upon vesting, up to 200% of the target amount. On January 5, 2024, the Compensation Committee certified the Company's relative total shareholder return performance over the third performance period, which ran from January 1, 2021 through December 31, 2023, resulting in 50% of the PSUs originally granted on April 1, 2021 becoming earned at 167% of the target amount.

Content

Reflects shares of common stock, par value $0.01 per share ("Common Stock"), of Amplify Energy Corp. (the "Company") granted upon settlement of previously awarded restricted stock units with performance and service-based vesting conditions ("PSUs"). On January 5, 2024, the Compensation Committee (the "Compensation Committee") of the Company certified the Company's relative total shareholder return performance over the third performance period, which ran from January 1, 2021 through December 31, 2023, resulting in 50% of the PSUs originally granted on April 1, 2021 becoming earned at 167% of the target amount.

These PSUs were granted under the Amplify Energy Corp. Equity Incentive Plan and vest pursuant to the Company's achievement of certain performance goals and so long as the reporting person remains employed by the Company through the vesting date. Each PSU represents a contingent right to receive, upon vesting, up to 200% of the target amount. On January 5, 2024, the Compensation Committee certified the Company's relative total shareholder return performance over the third performance period, which ran from January 1, 2021 through December 31, 2023, resulting in 50% of the PSUs originally granted on April 1, 2021 becoming earned at 167% of the target amount.