Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 48

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 48
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 achieved.

■ RSUs are subject to a three-year vesting schedule of three equal amounts beginning with the first anniversary of the award date.

■ In 2024, the PSU awards from 2022 vested. Pursuant to the award agreements, the portion of the 2022 awards tied to the TSR requirement yielded a 0% payout for the NEOs while the portion of the PSUs tied to CROCE yielded a 177% payout for the NEOs.

■ In 2024 , the Compensation Committee elected to reduce the quantum of the NEOs' equity awards by utilizing an above-market grant price to size the award, which served to align with the Company's stockholders, minimize dilution, and preserve shares in the 2021 Plan. This resulted in a 41% reduction in NEO and director equity compensation for 2024.

#### TSR Performance and Payout Table
|                             |     |                  |     | ABSOLUTE TSR PERFORMANCE |     |      |     |      |     |      |
|                             |     |                  |     | <0%                      |     | 0%   |     | 10%  |     | ≥25% |
| RELATIVE TSR PERFORMANCE(1) |     | <25th Percentile |     | 0%                       |     | 0%   |     | 0%   |     | 0%   |
| ≥25th Percentile            |     | 25%              |     | 50%                      |     | 75%  |     | 100% |     |      |
| ≥50th Percentile            |     | 50%              |     | 75%                      |     | 100% |     | 125% |     |      |
| ≥75th Percentile            |     | 75%              |     | 100%                     |     | 125% |     | 150% |     |      |
| ≥90th Percentile            |     | 100%             |     | 125%                     |     | 175% |     | 200% |     |      |

#### 51

#### RING ENERGY
(1) Relative TSR Performance between the 25th and 90th percentile and Absolute TSR Performance between 0% and 25% are adjusted through linear interpolation.

#### CROCE Performance and Payout Table
For PSU awards granted in 2022 and 2023, the following table is used.

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