Company: GPOR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001213900-25-028069
Chunk: 30

Company: GULFPORT ENERGY CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 30
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 with an “A” grade from MIQ, completing a successful organizational restructuring, and retrofitting natural gas pneumatics with air in the SCOOP. In July of 2024, after performance targets for the annual STI had been set in February of 2024, the Board of Directors made a strategic decision to both increase the Company’s 2024 capital program and defer targeted completions activity to later in the year after management’s operational efficiencies provided the opportunity to accelerate activity. Realizing that these additional expenditures and the deferred production were not included in the initial target setting process, the Board of Directors adjusted the 2024 performance metrics to account for these changes in the 2024 incentive payment results. At the completion of the performance period ending December31, 2024, the Compensation Committee reviewed financial and operating results and the attainment of key performance indicators and approved 2024 STI payout results based on those achievements. This achievement resulted in an overall payout of 150% of target awards. Below is a summary of KPIs and results for the 2024 plan year. 2024 STI Metrics

|                                  | Weighting |   Threshold | Target | Maximum |      2024 
 Actual(2) | 2024      
 Approved  
 Payout(2) |
| Production (MMcfe/day)           | 20%       |       1,035 |  1,057 |   1,090 |     1,060 | 22%       |
| Capex ($MM)                      | 20%       |        $435 |   $408 |    $375 |      $385 | 34%       |
| LOE per Mcfe ($/Mcfe)            | 15%       |       $0.20 |  $0.19 |   $0.17 |     $0.18 | 22%       |
| Adjusted Free Cash Flow ($MM)(1) | 15%       |        $190 |   $231 |    $295 |      $261 | 22%       |
| TRIR                             | 10%       |         0.8 |    0.6 |     0.4 |       0.3 | 20%       |
| Spills                           | 10%       |           6 |      4 |       2 |         1 | 20%       |
| Strategic Initiatives            | 10%       | Qualitative |        |         |