Company: GPOR
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001213900-25-028069
Chunk: 33

Company: GULFPORT ENERGY CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 33
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0%   | 175%              | 150%              | 125%              | 100% |    |
| > 20.0%           | 200%              | 175%              | 150%              | 125% |    |

| 36    2025 PROXY STATEMENT |

| EXECUTIVE SUMMARY |

| DETERMINING AWARD STRUCTURE AND SETTING THE TARGET AWARD OPPORTUNITY |

The Compensation Committee considers the grant date fair value of the long -termincentive package, the package’s potential dilutive effect on our outstanding shares of common stock and the number of shares available for grant under the 2021 Incentive Plan (as defined below) in determining the aggregate number of shares to be awarded as individual long -termincentive awards for our NEOs. The Compensation Committee evaluates stockholder dilution based on equity compensation plans compared to the total amount of the Company’s outstanding common stock. In determining the appropriate long -termincentive awards to grant NEOs other than the CEO, the Compensation Committee considers the recommendations of the CEO. The Compensation Committee reviewed market values with respect to the annual long -termincentive awards granted to similarly situated executives at the Compensation Peer Group. In 2024, the Compensation Committee determined that the NEOs would receive equity grants consisting of 60% performance -basedrestricted stock units and 40% time -basedrestricted stock units. The time -basedrestricted stock units granted to our NEOs vest in equal annual installments over a three -yearperiod. The performance -basedrestricted stock units vest after a three -yearperformance period, based on the Company’s achievement of relative TSR as compared to a peer group of companies and absolute TSR, in each case, as described in the chart below.

|                   |                   | Relative TSR      |                   |      |    |
| > 75th percentile 
 of the Peer       
 Companies         | 50th percentile – 
 < 75th percentile 
 of the Peer       
 Companies         | 25th percentile – 
 < 50th percentile 
 of the Peer       
 Companies         | < 25th percentile 
 of the Peer       
 Companies         |      |    |
| Annualized        
 Company           
 TSR               | < 5.0%            | 50%               | 35%               | 25%  | 0% |
| > 5.0% – 10%      | 125%              | 100%              | 75%