Riley Exploration Permian approves 2025 STIP, LTI awards, and amended employment agreements for CEO/CFO

Riley Exploration Permian, Inc.

CEO Bobby D. Riley: STIP target 100% of base salary; LTI of 33,679 performance shares and 78,584 time-based restricted shares.
CFO Philip Riley: STIP target 80% of base salary; LTI of 15,252 performance shares and 35,588 time-based restricted shares.
Performance-based shares vest after 3 years based on total shareholder return vs. peer group; payout ranges 0%-200% of target.
Amended employment agreements effective April 8, 2025; 2-year initial term with automatic renewal, revised severance and change-in-control terms.
Time-based restricted shares vest ratably over 3 years; all awards granted under the Amended 2021 Long Term Incentive Plan.

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