Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 53

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 in the Company's designated peer group at the end of the performance period. Awards will be earned and vested at the end of a three-year performance period, subject to earlier termination of the performance period in the event of a change in control. The grant date fair values were determined using the Monte Carlo simulation method and are being recorded ratably over the performance period.The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the three months ended March 31, 2025 and 2024:Grant dateMarch 1, 2024March 1, 2025Forecast period (years)33Risk-free interest rates4.36%3.99%Implied equity volatility46.70%44.60%Unrecognized compensation expense as of March 31, 2025, related to performance vesting restricted shares was $12.9 million. The expense is expected to be recognized over a weighted average period of 2.13 years.

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8.EARNINGS (LOSS) PER SHARE

Basic income or loss per share attributable to common stockholders is computed as (i) net income or loss less (ii) dividends paid to holders of preferred stock less (iii) net income or loss attributable to participating securities divided by (iv) weighted average basic shares outstanding. Diluted net income or loss per share attributable to common stockholders is computed as (i) basic net income or loss attributable to common stockholders plus (ii) diluted adjustments to income allocable to participating securities divided by (iii) weighted average diluted shares outstanding. The "if-converted" method is used to determine the dilutive impact for the Company's convertible preferred stock and the treasury stock method is used to determine the dilutive impact of unvested restricted stock.There were 0.2 million shares of restricted stock that were considered anti-dilutive for the three months ended March 31, 2025, and 0.4 million shares of restricted stock that were considered dilutive for the three months ended March 31, 2024. There were 2.3 million and 3.2 million shares of potential common stock issuable due to the Company's preferred stock for the three months ended March 31, 2025 and 2024, respectively. Reconciliations of the components of basic and diluted net income per common share are presented in the table below (in thousands): Three Months Ended March 31, 2025Three Months Ended March 31