secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001001614-25-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161425000015/0001001614-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161425000015/repx-20250324.htm
  HTML page:      https://secwatch.observer/filing/0001001614-25-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer