Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 43

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 43
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 stockholders to discuss a variety of topics including our executive compensation programs, financial and operating performance, corporate strategy and

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#### RING ENERGY
ESG. Members of our Board participated in each of these discussions, with certain meetings including members of our senior management.

What We Did - During 2024 and in 2025, we contacted 25 stockholders that beneficially owned approximately 56% and 22% of our outstanding shares of Common Stock, respectively, as of the most recent year ends. We engaged directly with all stockholders who responded to our solicitation of say-on-pay feedback and accepted our invitation for a discussion. Our Lead Independent Director and our Chair of the Compensation Committee, along with members of management, participated in these engagements and we discussed a variety of topics with the stockholders, including management and board composition, risk management, corporate governance, executive compensation, our ESG initiatives and officer succession planning.

What We Heard - During these stockholder engagements in 2024 and in 2025, we continued to hear that institutional investors supported our existing executive compensation programs. Almost all of the stockholders expressed support for our executive compensation programs, observing that these programs drive alignment of executive pay and Company financial performance. With respect to compensation program design, we did not receive any concerns nor were any executive compensation program changes suggested. Many large institutional stockholders determined that to meet with us was not necessary or advisable as they indicated their approval of our executive compensation programs, concluding that they were aligned with stockholder interests.

What We Will Do in the Future - W e will continue to engage with our stockholders, market participants and potential investors through 2025 and thereafter to further discuss our executive compensation programs and will continue to take into account the results of future say-on-pay votes, in ensuring that our executive compensation programs are aligned with the interests of our stockholders.

#### EXECUTIVE COMPENSATION PROGRAM ELEMENTS FOR 2024
Performance Objectives and Goals

As described in more detail below, our current executive compensation program for NEOs includes three major elements: (1) a base salary, (2) cash incentive awards, and (3) equity-based incentive awards.

Base Salaries

The Compensation Committee believes base salary is an integral element of an executive compensation program to provide executive officers with a base level of monthly income. We provide all of our employees, including our NEOs, with an annual base salary to compensate them for their services to the Company.

The base salary of each NEO is reviewed annually,