Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 67

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 67
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 Vesting Conditions Were Satisfied During Fiscal Year |     |              |  -11,276 |
| - Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year       |     |              | -161,671 |
| Compensation Actually Paid                                                                                                                                                          |     | $            |  484,003 |

(6) TSR is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31 of each of 2024 , 2023 , 2022, 2021, and 2020 respectively, calculated in accordance with Item 201(e) of Regulation S-K. The peer group for purposes of this table is the S&P Oil and Gas Exploration and Production Select Industry Index (“SPSIOP”), which is the same peer group as for the Shareholder Return Performance Presentation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 .

(7) Reflects “Net Income” in the Company’s Statements of Operations included in the Company’s Annual Report on Form 10-K for each of the years ended December 31, 2024 , 2023 , 2022, 2021, and 2020.

(8) The Company calculates “ CROCE,” or Cash Return on Capital Employed, by dividing the Company's net cash provided by operating activities from its Statements of Cash Flows, excluding changes in working capital (referred to as Adjusted Cash Flows From Operations, or "ACFFO"), by the Company's average total debt and stockholders' equity for each calendar year, with average total debt and stockholders' equity being based on the simple average of such values as of the first and last day of the applicable calendar year. See Appendix A for additional information regarding non-GAAP financial measures, including a reconciliation of non-GAAP financial measures to the nearest comparable GAAP financial measures.

Performance Measure

The following table sets forth an unranked list of the performance measures which we view as the “most important” measures for linking our NEOs’ compensation actually paid to Company performance, as specifically listed below.

| TOTAL SHAREHOLDER RETURN (TSR)          |     | NET BOE PRODUCTION (SALES) |
| CASH RETURN ON CAPITAL EMPLOYED (CROCE) |     | NET LIFTING COSTS          |

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#### RING ENERGY