Company: REI
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017570
Chunk: 62

Company: RING ENERGY, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 62
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 Cause/ Resignation for Good Reason in the 6 months prior to or the 24 months following a Change in Control. |     | $                 | 1,089,000 |   | $                                       | — |   | $                                            |   239,492 |     | $                              | 20,788 |     | $     | 1,349,280 |
| Death                                                                                                                           |     | $                 |           | — | $                                       |   | — | $                                            |   239,492 |     | $                              | 13,859 |     | $     |   253,351 |
| Disability                                                                                                                      |     | $                 |           | — | $                                       |   | — | $                                            |   239,492 |     | $                              | 13,859 |     | $     |   253,351 |

(1) The cash severance represents the potential payment of a single lump sum of the officer's Base Salary and the officer's most recent AIP (current "target" annual incentive payment amount), multiplied by a factor dependent upon the type of Tier the officer is categorized as. For Tier 1 officers, the factor is 200% for termination by the Company without cause or by the officer for good reason and 300% under the same circumstances but under a change in control. For Tier 2 officers, the factor is 100% for termination by the Company without cause or by the officer for good reason and 200% under the same circumstances but under a change in control.

#### 63

#### RING ENERGY
(2) The Deemed Pro-Rata Bonus amount represents the amount equal to the eligible individual's then current AIP for the year multiplied by the number of calendar days in the year of termination divided by 365. As the Company had already paid the 2024 AIP bonus to the eligible individuals on the date of this proxy, we have removed those amounts from this schedule.

(3) Represents accelerated vesting of RSUs and PSUs, valued based on the December 31, 2024 closing price of $1.36 per share of Common Stock.

(4) The Company paid COBRA premiums represent reimbursement of 24 months of health benefits for Tier 1 officers and 18 months of health benefits for Tier 2 officers for termination by the Company without cause or by the officer for good reason, with or without a change in control. All officers receive reimbursement of 12 months of health