Gutman Jeffrey 4

4 · Riley Exploration Permian, Inc. · Filed Mar 26, 2025

Form 4

Period: 2025-03-24

Chief Accounting Officer

Transactions

Footnotes (4)

[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 30,514 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 46,102 shares of restricted common stock subject to vesting and certain other restrictions.

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