Battalion Oil adopts merger incentive plan granting 229K equity units, contingent on change-of-control by Dec 2025

BATTALION OIL CORP

Plan adopted Sept 19, 2024; total pool of 229,022 Equity Grant Units; expires Dec 31, 2025 if no change-of-control closes.
CEO Matthew B. Steele granted 50,385 units (22% of pool); Daniel P. Rohling and Walter R. Mayer each granted 18,322 units (8%).
Units vest and become payable in cash (or equity at company option) within 10 days after change-of-control closing.
Maximum aggregate pool value based on per-share consideration pre-closing multiplied by 229,022 shares and divided by 16,845,325.

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