Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 46

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 46
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2024 . The Compensation Committee reviewed the Company’s progress during 2024 of the HSE objectives. Our corporate culture continues to promote environmental

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#### RING ENERGY
stewardship and the health and well-being of all employees; therefore, the Compensation Committee determined that the HSE objectives were achieved and did not reduce or enhance the payouts for 2024 . In 2024 , the Company's AIP results yielded a bonus pool of 136% of the AIP target. More information regarding the performance measures, their weightings, and actual results is provided below.

| AIP PERFORMANCE MEASURES FOR 2024                                                                               |     | WEIGHTING |     | THRESHOLD |     |    TARGET |     |       MAX |     | ACTUAL RESULTS |     | PERFORMANCE FACTOR(2) |     | FUNDING LEVEL(3) |
| Net Boe Production (Sales)                                                                                      |     | 50%       |     | 5,950,336 |     | 6,611,484 |     | 7,933,781 |     |      7,191,054 |     | 144%                  |     | 72%              |
| IRR (%)                                                                                                         |     | 25%       |     |       24% |     |       47% |     |       71% |     |            60% |     | 155%                  |     | 39%              |
| Net Lifting Costs(1)($/BOE)                                                                                     |     | 25%       |     |    $12.05 |     |    $10.95 |     |     $8.76 |     |         $10.89 |     | 103%                  |     | 25%              |
| Total                                                                                                           |     | 100%      |     |         — |     |         — |     |         — |     |              — |     | —                     |     | 136%             |
| HSE Objectives Modifier                                                                                         |     | 100%      |     |       N/A |     |      100% |     |      200% |     |           100% |     |                       |     | 100%             |
| Total Percentage of AIP Target Earned                                                                           |     |           |     |           |     |           |     |           |     |                |     |                       |     | 136%