Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 83

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 83
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 forfeitures, the need to attract, retain and incentivize key talent, and how the Company chooses to balance total compensation between cash and equity-based awards.

#### UPDATED SHARE INFORMATION AS OF MARCH 10, 2025
The information included in this Proxy Statement and our 2024 Annual Report is updated by the following information regarding our outstanding equity awards and our shares remaining for future grants under all existing equity compensation plans as of March 10, 2025 (except as otherwise noted):

| Share Information on Equity Compensation Plans                                                                              |     |             |
| Total number of stock options outstanding(1)                                                                                |     |      65,500 |
| Total number of full value awards outstanding (includes restricted stock units (RSUs) and performance stock units (PSUs)(2) |     |   7,416,928 |
| Total number of shares remaining available for future grant under the 2021 Plan(3)                                          |     |   1,625,756 |
| Total number of shares of common stock outstanding as of the Record Date                                                    |     | 206,509,126 |

#### 82

#### 2025 PROXY STATEMENT
(1) The weighted-average exercise price of the stock options outstanding was $10.70, and the weighted-average remaining term of the stock options outstanding was 1.36 years. No stock appreciation rights were outstanding as of March 10, 2025.

(2) Assumes performance-based awards will vest and pay out based on target performance levels being achieved.

(3) Represents the total number of shares available for future awards under the 2021 Plan reflecting performance-based awards at target payout. The 2021 Plan was our only active equity compensation plan as of March 10, 2025. No shares remaining available for future grant under the Ring Energy, Inc. Long-Term Incentive Plan.

#### KEY FEATURES OF THE 2021 PLAN
Minimum Vesting. The Amended Plan includes a minimum vesting period for all awards granted thereunder of one year from the date of grant, subject to certain limited exceptions (including an exception for up to 5% of the shares reserved for issuance under the Amended Plan).

No “Liberal” Share Recycling. Under the Amended Plan, any shares withheld from any award to cover taxes or any exercise price, and any shares tendered to exercise outstanding options or repurchased on the open market using exercise price proceeds, will not be again available for issuance thereunder.

No Dividends