Form 4: Riley Exploration Permian Director Receives Restricted Stock Grant

Rebecca L. Bayless, a Director at Riley Exploration Permian, Inc., was granted 7,524 shares of restricted common stock as part of the company's long-term incentive plan.

Summary

• Rebecca L. Bayless, a Director of Riley Exploration Permian, Inc. (REPX), acquired 7,524 shares of common stock.
• The acquisition occurred on June 1, 2025, and was a grant of restricted stock with a price of $0 per share.
• These shares were granted under the company's Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• The restricted shares will vest on June 1, 2026, which is the first anniversary of the grant date.
• Following this transaction, Ms. Bayless beneficially owns a total of 24,601 shares of common stock, which includes the newly acquired restricted shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive event as it aligns the director's interests with long-term shareholder value creation, reflecting a standard and expected compensation practice.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, incentivizing long-term performance.
• The shares were granted under a long-term incentive plan, indicating a structured approach to executive compensation and retention.

Future Outlook

The 7,524 restricted shares granted to Director Rebecca L. Bayless are scheduled to vest on June 1, 2026, which is the first anniversary of the grant date.

Industry Context

This transaction represents a routine insider compensation event, common across industries, where directors receive equity grants as part of their compensation package to align their interests with long-term company performance.

Comparison to Industry Standards

• The grant of restricted stock to a director is a standard practice in the oil and gas industry, similar to compensation structures seen at companies like EOG Resources, Pioneer Natural Resources, or Diamondback Energy, where equity-based incentives are used to retain talent and align executive performance with shareholder value creation.
• The vesting schedule of one year is also a common practice for such grants.

Related Party Transactions

• The grant of 7,524 restricted shares to Rebecca L. Bayless, a Director, constitutes a related party transaction as part of her compensation under the company's long-term incentive plan.

Stakeholder Impact

• Shareholders: Interests are aligned with the director through equity ownership, potentially leading to better long-term performance.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

• The vesting of the 7,524 restricted shares on June 1, 2026.

Key Dates

Recommendation

Keywords

Riley Exploration Permian, REPX, Form 4, SEC filing, insider transaction, restricted stock, stock grant, director compensation, long-term incentive plan