Philip Riley - Mar 24, 2025 Form 4 Insider Report for Riley Exploration Permian, Inc. (REPX)

Signature
/s/Philip Riley
Stock symbol
REPX
Transactions as of
Mar 24, 2025
Transactions value $
$0
Form type
4
Date filed
3/26/2025, 04:20 PM
Previous filing
Dec 9, 2024
Next filing
Apr 17, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REPX Common Stock, par value $0.001 per share Award $0 +35.6K +28.74% $0.00 159K Mar 24, 2025 Direct F1, F2
transaction REPX Common Stock, par value $0.001 per share Award $0 +30.5K +19.13% $0.00 190K Mar 24, 2025 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are restricted stock acquired under Issuer's Riley Exploration Permian, Inc. Amended and Restated 2021 Long Term Incentive Plan on March 24, 2025. Subject to certain contingencies and provisions allowing for accelerated vesting in certain instances, the shares of restricted stock vest in equal amounts on April 1, 2026, April 1, 2027, and April 1, 2028.
F2 This amount includes 100,882 shares of restricted common stock subject to vesting and certain other restrictions.
F3 Represents the maximum number of shares the reporting person is eligible to retain upon vesting and settlement of a performance based restricted stock award (the "Award") granted pursuant to the Issuer's Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan on March 24, 2025. Subject to certain contingencies and provisions allowing for accelerated vesting in certain instances, the Award is subject to a three-year cliff vesting schedule ending on April 1, 2028 based on the Issuer's achievement of target metrics for total shareholder return performance set by the Compensation Committee of the Issuer's Board of Directors relative to the Issuer's peer group during the performance period beginning January 1, 2025 and ending December 31, 2027. Payouts range from 0% to 200% of target based on attainment of the pre-established metrics.
F4 This amount includes 131,386 shares of restricted common stock subject to vesting and certain other restrictions.