Company: GPOR
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001213900-25-024139
Chunk: 32

Company: GULFPORT ENERGY CORP
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 32
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 Michael Sluiter |            $   311,250 | 150%              | $   466,875 |

Long-Term Incentive Awards Each year we grant our NEOs long -termincentive awards, that have historically consisted of equity -basedawards. The Compensation Committee determines the amount of these awards, as well as the mix of equity vehicles. The objectives of our long -termincentive plan are to: (i) create significant alignment between the interests of our NEOs and our stockholders; (ii) attract and retain the services of critical talent; and (iii) focus our executives on our sustained growth and financial success. 2024 Performance Share Unit Certification On May 17, 2024, the Compensation Committee certified performance share units issued on July 21, 2021. WTW presented the Committee with their findings of achievement of the performance conditions during the performance period. The Committee determined that based upon the 2021 PSUs performance results that the 2021 PSUs should be paid out at 195.7% of the target amount. The performance -basedrestricted stock units vest after a three -yearperformance period, based on the Company’s achievement of relative TSR as compared to a peer group of companies and absolute TSR, in each case, as described in the chart below.

|                   |                   | Relative TSR      |                   |      |    |
| > 75th percentile 
 of the Peer       
 Companies         | 50th percentile – 
 < 75th percentile 
 of the Peer       
 Companies         | 25th percentile – 
 < 50th percentile 
 of the Peer       
 Companies         | < 25th percentile 
 of the Peer       
 Companies         |      |    |
| Annualized        
 Company           
 TSR               | < 5.0%            | 0%                | 0%                | 0%   | 0% |
| > 5.0% – 7.5%     | 50%               | 25%               | 0%                | 0%   |    |
| > 7.5% – 10.0%    | 125%              | 100%              | 75%               | 50%  |    |
| > 10.0% – 15.0%   | 150%              | 125%              | 100%              | 75%  |    |
| > 15.0% – 20.