Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 334

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7A
Chunk 334
---
78,192 96.90 37,666 66.82 Vested(67,564)65.91 — — Forfeited/canceled(11,269)80.11 — — Unvested shares as of December 31, 2022197,772 $77.49 190,804 $52.15 Granted104,901 88.59 83,820 58.39 Vested(101,804)75.75 — — Forfeited/canceled(7,267)91.61 (19,046)49.37 Unvested shares as of December 31, 2023193,602 $83.89 255,578 $54.40 Granted(1)75,476 152.79 188,358 81.90 Vested(96,942)81.14 (265,797)48.65 Forfeited/canceled(5,122)114.91 — — Unvested shares as of December 31, 2024167,014 $115.67 178,139 $92.06 _____________________(1)    The table includes the impacts of performance share units granted in a prior year that vested higher than 100% of target due to the Company's TSR performance compared to peers.The aggregate fair value of share-based awards that vested during the years ended December 31, 2024, 2023 and 2022, was approximately $56.8 million, $9.9 million and $5.9 million, respectively, based on the stock price at the time of vesting. Restricted Stock UnitsRestricted stock units awarded under the Incentive Plan generally vest over a period of 3 years in the case of employees and 1 or 4 years in the case of directors upon the recipient meeting applicable service requirements. Stock-based compensation expense is recorded ratably over the service period. The grant date fair value of restricted stock units represents the closing market price of the Company's common stock on the date of the grant. Unrecognized compensation expense as of December 31, 2024, was $12.1 million. The expense is expected to be recognized over a weighted average period of 1.72 years.Performance Vesting Restricted Stock UnitsThe Company has awarded performance vesting restricted stock units to certain of its executive officers under