Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 58

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 58
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 liquidity, market conditions, credit agreement restrictions, applicable legal requirements, contractual obligations and other factors. The Repurchase Program does not require the Company to acquire any specific number of shares of common stock. The Company intends to purchase shares under the Repurchase Program with available funds while maintaining sufficient liquidity to fund its capital development program. The Repurchase Program may be suspended from time to time, modified, extended or discontinued by the Board of Directors at any time. As of December 31, 2024, the Company had repurchased 5.6 million shares for $584.1 million at a weighted average price of $104.88 per share.

The following table provides a summary of our common stock repurchase activity for the three months ended December 31, 2024:

PeriodTotal Number of Shares Purchased(1)Average Price Paid per ShareTotal number of shares purchased as part of publicly announced plans or programsApproximate maximum dollar value of shares that may yet be purchased under the plans or programsOctober 1 - October 31115,448 $146.66 115,403 $129,071,000 November 1 - November 30221,208 $169.14 221,208 $441,657,000 December 1 - December 31154,569 $166.82 154,557 $415,874,000 Total491,225 $163.13 491,168 _____________________

(1)    We repurchased and canceled 45 and 12 shares of our common stock at a weighted average price of $143.69 and $174.48 to satisfy tax withholding requirements incurred upon the vesting of restricted stock unit awards during October and December 2024, respectively. 

Recent Sales of Unregistered Securities

None.

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Table of ContentsIndex to Financial Statements

Stock Performance Graph

The following Performance Graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filings under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates it by reference into such filings.

The performance graph below illustrates changes over the period of May 19, 2021, through December 31, 2024, in cumulative total stockholder return on the common stock as measured against the cumulative total return of the S&P