Riley Permian names Bobby Saadati to board; $120k cash retainer + $200k stock

Riley Exploration Permian, Inc.

Bobby Saadati appointed as independent director effective Feb 4, 2026; term ends at 2026 annual meeting.
Compensation: $120k annual cash retainer (quarterly) and $200k in restricted stock vesting in one year.
Saadati is CEO of IKAV Energy USA; previously chaired Aera Energy and served on CRC board.
No related-party transactions; Saadati entered indemnification agreement with the company.
Background includes M&A and operations at Devon Energy, Jefferies, and BP.

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