Battalion Oil adopts retention plan with $4M base pool for change-in-control incentives

BATTALION OIL CORP

CEO Steele receives $275k total retention bonus ($137.5k each payment) plus $183.75k 2025 bonus prepayment.
CFO Rohling gets $290k total retention bonus ($145k each) plus $183.75k prepayment.
Base Pool of $4M and NIV Pool tied to IRR thresholds (10%,15%,20%) on value increase at change in control.
Participants waive rights to prior equity grant units (from Merger Incentive Plan) in exchange for new cash incentives.
Board directed exploration of share repurchase from RSU vesting at $3.00 per share; no steps taken yet.

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