Form 4: Riley Exploration Permian Director E. Wayne Nordberg Receives Restricted Stock Grant

Riley Exploration Permian, Inc. Director E. Wayne Nordberg was granted 7,524 shares of restricted common stock as part of the company's long-term incentive plan, increasing his total beneficial ownership to 24,551 shares.

Summary

• E. Wayne Nordberg, a Director of Riley Exploration Permian, Inc. (REPX), acquired 7,524 shares of common stock on June 1, 2025.
• These shares were granted as restricted stock under the Issuer's Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• The acquisition price for these shares was $0, which is typical for restricted stock grants as part of an incentive program.
• The restricted shares are scheduled to vest on the first anniversary of the grant date, specifically June 1, 2026.
• Following this transaction, Mr. Nordberg's total beneficial ownership of common stock in Riley Exploration Permian, Inc. stands at 24,551 shares, which includes the newly acquired restricted shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive signal for aligning interests and retaining talent, indicating stability in governance and compensation practices. It is a routine, expected event rather than a significant positive or negative surprise.

Positives

• The grant of restricted stock to a director helps align management and director interests with those of shareholders, incentivizing long-term company performance and value creation.
• The transaction is part of an established long-term incentive plan, indicating a structured approach to retaining and compensating key personnel.

Risks

• The value of the restricted stock is directly tied to the future performance of Riley Exploration Permian's share price, exposing the director to market volatility.
• The shares are subject to vesting conditions, meaning they are not immediately liquid and could be forfeited if the vesting criteria (time-based in this case) are not met.

Future Outlook

The vesting of the restricted stock on June 1, 2026, represents a future milestone for the director's equity compensation, aligning his long-term interests with the company's performance.

Industry Context

This type of equity grant is a common practice across various industries, including the energy sector, to align the interests of directors and executives with long-term shareholder value creation. It is a standard component of compensation packages designed to retain talent and incentivize performance in companies like Riley Exploration Permian, Inc., which operates in the Permian Basin.

Comparison to Industry Standards

• The grant of restricted stock to a director is a standard practice for executive and director compensation across various industries, including the oil and gas sector.
• Peer companies in the energy sector, such as Pioneer Natural Resources, EOG Resources, and Diamondback Energy, commonly utilize similar long-term incentive plans involving restricted stock or performance share units to incentivize their leadership teams and align their interests with shareholder returns.
• The specific number of shares granted would typically be benchmarked against peer companies based on factors like company size, director responsibilities, and overall compensation philosophy, though this document does not provide such comparative data.

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with long-term shareholder value creation, potentially leading to improved governance and performance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Vesting of 7,524 restricted shares on June 1, 2026.

Key Dates

Recommendation

Keywords

Riley Exploration Permian, REPX, Form 4, Insider Transaction, Restricted Stock, Long Term Incentive Plan, Director Compensation, Equity Grant, Beneficial Ownership, Oil and Gas