Company: GPOR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001213900-25-028069
Chunk: 21

Company: GULFPORT ENERGY CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 21
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fer -Malicki David Wolf Dated: April2, 2025

| 2025 PROXY STATEMENT    25 |

| COMPENSATION DISCUSSION AND ANALYSIS |

This Compensation Discussion and Analysis, or CD&A, explains the Compensation Committee’s compensation philosophy, summarizes our executive compensation programs, and describes compensation decisions for Gulfport’s Chief Executive Officer, or CEO, Chief Financial Officer, or CFO, and the next three highest paid executive officers for 2024. These executive officers, known as our NEOs, are as follows:

| John Reinhart   | President, Chief Executive Officer and Director                                          |
| Michael Hodges  | Executive Vice President, Chief Financial Officer                                        |
| Patrick Craine  | Executive Vice President, Chief Legal and Administrative Officer and Corporate Secretary |
| Matthew Rucker  | Executive Vice President, Chief Operating Officer                                        |
| Michael Sluiter | Senior Vice President of Reservoir Engineering                                           |

| 26    2025 PROXY STATEMENT |

| EXECUTIVE SUMMARY |

| Gulfport 2024 Business Performance Highlights |

During 2024, we had the following notable achievements: Financial •Generated $650.0million of operating cash flows. •Expanded our common stock repurchase authorization to $1.0billion. •Extended the maturity of substantially all long -termsenior notes from 2026 to 2029. •Extended the maturity of the Credit Facility to 2028 and increased the available commitments under the Credit Facility by $100million. •Maintained a strong balance sheet and low financial leverage, with liquidity at December31, 2024 totaling $899.7million. •Returned substantially all full year adjusted free cash flow, excluding discretionary acreage acquisitions, to shareholders by repurchasing 1.2million shares of common stock for approximately $184.5million. •Reported year -endestimated net proved reserves of 4.0 Tcfe. Health, Safety & Environmental • Achieved overall “A” rating for Appalachia assets from MiQ for second consecutive year. • Conducted Company’s first climate risk assessment and integrated climate -related risk into Enterprise Risk Management program. • Reduced our combined total recordable incident rate by 17% in 2024 compared to 2023. • Achieved one -year without an employee OSHA recordable injury. • Reduced water disposal volumes and freshwater consumption through water re -use or water sharing agreements with other operators. • Progressed in multi -year program to convert