Company: GPOR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001213900-25-028069
Chunk: 31

Company: GULFPORT ENERGY CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 31
---
           | 10%       |
| Total Achievement Percentage     |           |             |        |         |           | 150%      |

(1)Adjusted Free Cash Flow is a non-GAAP measure defined as net cash provided by operating activities from the Company’s Consolidated Statement of Cash Flows less the sum of changes in operating assets and liabilities included in the operating activities section of the Consolidated Statement of Cash Flows less non-recurring general and administrative and other expenses from the Consolidated Statement of Operations less incurred capital expenditures and capitalized expenses. Adjusted Free Cash Flow was calculated assuming realized commodity pricing received throughout the year was consistent with the forward curve pricing used to set the approved Adjusted Free Cash Flow Metric in February of 2024. (2)The impact of the changes to the Company’s 2024 capital program on the 2024 incentive payment results as described above consisted of increased capital expenditures of $5 million, which reduced the 2024 actual Capex metric and increased the 2024 Adjusted Free Cash Flow metric results, and decreased production of 6 MMcfe/day, which increased the 2024 actual production metric and the Adjusted Free Cash Flow metric results, and decreased the LOE per Mcfe metric.

| 2025 PROXY STATEMENT    35 |

| EXECUTIVE SUMMARY |

2024 Target Annual STI Opportunities and Actual Annual STI Payments The Compensation Committee established the target annual cash STI opportunity for each of the NEOs, taking into consideration the terms of any applicable employment agreement, and approved the following cash payments based on the Company’s 2024 results performance as described above. 2024 INCENTIVE COMPENSATION PLAN

| Name            |                   2024 
 Incentive Compensation 
      Program Incentive 
                 Target | Actual Annual     
 Incentive         
 Achievement       
 (as % of Target   
 Annual Incentive) |      Actual 
   Incentive 
  Earned for 
        2024 |
| John Reinhart   |             $1,080,000 | 150%              |  $1,620,000 |
| Michael Hodges  |            $   515,000 | 150%              | $   772,500 |
| Patrick Craine  |            $   450,000 | 150%              | $   675,000 |
| Matthew Rucker  |            $   374,000 | 150%              | $   561,000 |
|