Company: GPOR
Filing Date: 2025-03-14
Form Type: PRE 14A
Source: 0001213900-25-024139
Chunk: 20

Company: GULFPORT ENERGY CORP
Filing Date: 2025-03-14
Form: PRE 14A
Chunk 20
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apeake Energy Corporation from May 2007 to October 2013. During his 20-year tenure with Equitable Resources Inc. (now EQT Corp.), he held various positions, including Vice President of Operations and Senior Vice President of Land, between 1987 and 2007. He holds a degree in Mineral Land Management from the University of Evansville. Mr. Zitkus is a member and past president of the American Association of Professional Landmen and Past Regional Director of the Independent Petroleum Association of America.                                                                                                 |

| 24    2025 PROXY STATEMENT |

| COMPENSATION DISCUSSION AND ANALYSIS |

| Letter from the Compensation Committee |

2024 was defined by execution, operational excellence and strong financial results for Gulfport Energy.The Company delivered on all fronts, highlighted by our high -qualityresource base and the continued improvement of development efficiencies throughout the year. The Company delivered net production in line with initial expectations while executing at the low end of its initial capital expenditures expectations. The 2024 development program led to meaningful adjusted free cash flow generation, and after adjusting for cash flow utilized for attractive discretionary acreage acquisitions, Gulfport allocated approximately 96% of adjusted free cash flow to repurchasing our common stock during 2024. All of this was achieved while maintaining our strong balance sheet, ample liquidity and financial leverage below one times. The Company’s accomplishments were realized by the investment community and Gulfport’s stock price appreciated over 38% during 2024, outperforming the S&P 500 which appreciated by approximately 25% and Gulfport’s 2024 compensation peer group average appreciation of approximately 10%. From an executive compensation perspective, we were able to set realistic, challenging targets for our short and long -termincentive plans. We were pleased to see the financial and operational results exceed our expectations. We were able to deliver on our compensation strategy of providing compensation opportunities that were tied to Company performance. Our philosophy is to remain competitive within the oil and gas industry for similarly situated operations. Please review the Compensation Discussion and Analysis, where we explain how we tie pay and performance together to reward our executives. We are confident our shareholders will once again agree with the compensation decisions we made regarding our executive team as they overwhelmingly did based on the 97.8% of votes we received on our 2024 Say -On-Payvote. Thank you for your confidence and investment in Gulfport Energy. Respectfully submitted by the Compensation Committee, Jason Martinez, Chair David Reganato Mary Sha