Company: GPOR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000874499-25-000006
Chunk: 66

Company: GULFPORT ENERGY CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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4 (dollar value of shares purchased shown in thousands):Three Months Ended September 30, 2025(1)Three Months Ended September 30, 2024Total number of shares purchased438,266341,132Dollar value of shares purchased$76,263 $49,862 Average price paid per share$174.01 $146.17 _____________________(1)    Amounts include cash redemption of 2,449 shares of preferred stock (equivalent to 179,666 shares of common stock on an as-converted basis), totaling $31.3 million at $174.22 price per share. See Note 5 for further discussion of the Company's redemption of its preferred stock.Nine Months Ended September 30, 2025(1)Nine Months Ended September 30, 2024Total number of shares purchased1,117,816711,829Dollar value of shares purchased$201,263 $104,354 Average price paid per share$180.05 $146.60 _____________________(1)    Amounts include cash redemption of 2,449 shares of preferred stock (equivalent to 179,666 shares of common stock on an as-converted basis), totaling $31.3 million at $174.22 price per share. See Note 5 for further discussion of the Company's redemption of its preferred stock.As of September 30, 2025, the Company has repurchased 6.7 million shares for $785.4 million at a weighted average price of $117.45 per share since the inception of the Repurchase Program.

7.STOCK-BASED COMPENSATION

In May 2021, the Board of Directors adopted the Incentive Plan with a share reserve equal to 2.8 million shares of common stock. The Incentive Plan provides for the grant of incentive stock options, nonstatutory stock options, restricted stock, restricted stock units, stock appreciation rights, dividend equivalents and performance awards or any combination of the foregoing. The Company has granted both restricted stock units and performance vesting restricted stock units to employees and directors pursuant to the Incentive Plan, as discussed below. During the three and nine months ended September 30, 2025, the Company's stock-based compensation expense was $4.4 million and $13.8 million, respectively, of which the Company capitalized $1.4 million and $4.6 million, respectively, relating to its