secwatch.observer — SEC 8-K summary
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Issuer:     RING ENERGY, INC. (REI)
CIK:        0001384195
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001384195-26-000057
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ring Energy grants inducement awards of 317K RSUs and 476K PSUs to CFO Sonu Johl
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- 317,460 RSUs granted to CFO Sonu Johl, vesting in three equal annual installments starting March 2027.
- 476,190 PSUs (up to 952,380 shares) with 2026-2028 performance period; vesting 50% on TSR vs peer group and 50% on cash return on capital.
- Inducement awards approved by Board as material inducement for Johl's employment, granted outside 2021 Omnibus Incentive Plan but with similar terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384195/000138419526000057/0001384195-26-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384195/000138419526000057/rei-20260305.htm
  HTML page:      https://secwatch.observer/filing/0001384195-26-000057

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