Company: GPOR
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001213900-25-024139
Chunk: 47

Company: GULFPORT ENERGY CORP
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 47
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 January24, 2023, through March1, 2023 (“Service Period”), during which time Mr.Cutt was employed by the Company as Executive Chair of the Board. Pursuant to the terms of the PSA, Mr.Cutt received the same base salary he had as Chief Executive Officer, his annual bonus for fiscal year 2022 and a pro -ratedportion of his target annual bonus for fiscal year 2023. The TSA clarifies that Mr.Cutt’s outstanding equity awards granted during his tenure as Chief Executive Officer shall continue to be eligible to vest following the end of his service as Chief Executive Officer or Executive Chair of the Board in accordance with the vesting provisions contained in the applicable RSU Award Agreements and the PSU Award Agreements as long as Mr.Cutt continues to provide services to the Company as a member of the Board. NEO Employment Agreements and Termination and Change of Control Benefits Our NEOs are parties to an employment agreement with the Company. Pursuant to the employment agreements with Messrs. Reinhart, Hodges, Craine, Rucker, and Sluiter (collectively, the “Employment Agreements”, and such individuals, the “Covered NEOs”), each current employment agreement provides for an initial term that extends through December 31, 2026; provided that the term will automatically renew for successive one -yearterms unless the Company or the Covered NEO gives written notice not to renew at least 90 days before the end of the initial term or any renewal

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| Benefit Plans |

term. If a “change of control” (as described in the applicable Employment Agreement) occurs during the term thereof, the term will be extended to the later of the original expiration date of the term or the date that is 24 months after the effective date of the change of control. The Employment Agreements provide each Covered NEO with, among other things: (i) an annual base salary, (ii) eligibility to earn a target annual bonus under the Company’s Annual Incentive Plan of base salary, (iii) eligibility for annual grants of equity awards as determined in the sole discretion of the Compensation Committee pursuant to the Company’s equity compensation plans, and (iv) benefits that are customarily provided to similarly situated executives of the Company. In addition, our Covered NEOs will be entitled to receive (or have already received) specified payments and benefits upon certain termination events pursuant to the Employment Agreements, including termination following a change