Company: GPOR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001213900-25-028069
Chunk: 38

Company: GULFPORT ENERGY CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 38
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 the Company which provides (or provided) for certain payments and benefits in the event of a termination of such NEO under specific circumstances. The NEOs’ employment agreements are designed to avoid distraction potentially detrimental to stockholder value upon a change in control and to enhance protection for the NEOs in connection with such events. These agreements (and the severance payments referenced below) are described in more detail under “NEO Employment Agreements and Termination and Change of Control Benefits.” Perquisites and Other Personal Benefits We provide certain of our NEOs with a limited number of perquisites or other personal benefits, primarily consisting of life insurance premiums, fitness reimbursement, and Company -sponsoredsporting events tickets. The Company does not offer any excessive perquisites to executives that are not generally provided to other non -executives. We believe these limited benefits help provide a competitive compensation package. The value of these benefits is disclosed in the “Summary Compensation Table.”

| 2025 PROXY STATEMENT    39 |

| EXECUTIVE SUMMARY |

The Company does not have any private or chartered aircraft arrangements. We restrict personal use of Company -ownedor chartered aircraft by our executive officers and other employees, as well as members of our Board of Directors. Our aircraft use policy requires that any personal use of a chartered aircraft by any NEO be reported as a perquisite, based on the aggregate incremental value of such personal use. There was no business or personal use of Company -ownedor chartered aircraft in 2024. Accounting Implications of Executive Compensation Policy We are required to recognize compensation expense of all stock -basedawards pursuant to the provisions of FASB ASC Topic 718, “Compensation -StockCompensation.” Under U.S. generally accepted accounting principles, or GAAP, only vested shares are included in basic shares outstanding. Also, under GAAP, non -vestedshares are included in diluted shares outstanding when the effect is dilutive. The Compensation Committee believes that linking a large portion of our executive officers’ compensation to both performance -basedlong -termequity incentive awards and performance -basedbonus arrangements, with meaningful performance metrics, appropriately aligns our executives’ interests with those of our stockholders and are consistent with market practices. The Compensation Committee also believes that our current compensation policies and practices enhance retention of executive talent through multi -yearvesting of stock awards and discourage unnecessary and excessive risk taking. The Compensation Committee further believes that our other compensation policies and practices, such as our policy prohibiting pledging and hedging of