Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 62

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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's stock-based compensation expense was $5.0 million and $8.6 million, respectively, of which the Company capitalized $1.6 million and $2.8 million, respectively, relating to its exploration and development efforts. Stock compensation expense, net of the amounts capitalized, is included in general and administrative expenses in the accompanying consolidated statements of operations. As of June 30, 2025, the Company has awarded an aggregate of approximately 516,354 restricted stock units and approximately 539,972 performance vesting restricted stock units under the Incentive Plan. The following tables summarize activity for the six months ended June 30, 2025 and 2024:Number ofUnvestedRestricted Stock UnitsWeightedAverageGrant DateFair ValueNumber ofUnvestedPerformance Vesting Restricted Stock UnitsWeightedAverageGrant DateFair ValueUnvested shares as of January 1, 2025167,014 $115.67 178,139 $92.06 Granted61,350 169.80 41,016 165.39 Vested(40,011)112.93 — — Forfeited/canceled(1,288)126.93 — — Unvested shares as of March 31, 2025187,065 $133.93 219,155 $105.78 Granted(1)10,511 195.92 35,974 66.82 Vested(39,463)104.36 (71,948)66.82 Forfeited/canceled(994)144.69 — — Unvested shares as of June 30, 2025157,119 $145.44 183,181 $113.44 

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_____________________(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 absolute TSR performance and RTSR performance compared to peers. Number ofUnvestedRestricted Stock UnitsWeightedAverageGrant DateFair ValueNumber ofUnvestedPerformance Vesting Restricted Stock UnitsWeightedAverageGrant DateFair ValueUnvested shares as of January 1, 2024193,602 $83.89 255,578 $54.40 Granted69,436 152.54 58,346 156.00 Vested(