Form 4: Riley Exploration Permian Director Receives Restricted Stock Grant

Riley Exploration Permian, Inc. Director Brent Alexander Arriaga was granted 7,524 shares of restricted common stock under the company's long-term incentive plan, vesting on June 1, 2026.

Summary

• Brent Alexander Arriaga, a Director of Riley Exploration Permian, Inc. (REPX), acquired 7,524 shares of common stock.
• The acquisition occurred on June 1, 2025, and the shares were granted at a price of $0 per share.
• These shares are restricted stock issued under the Issuer's Amended and Restated Riley Exploration Permian, Inc. 2021 Long Term Incentive Plan.
• The restricted shares are subject to vesting and other restrictions, with vesting scheduled for the first anniversary of the grant date, June 1, 2026.
• Following this transaction, Mr. Arriaga beneficially owns a total of 23,051 shares of common stock, which includes the newly acquired 7,524 restricted shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the transaction represents a standard equity grant that aligns the director's interests with shareholders, indicating commitment and a structured compensation plan. It is a routine filing with no negative implications.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• Utilizing a Long Term Incentive Plan demonstrates a structured approach to executive and director compensation, promoting retention and performance.

Risks

• The value of the restricted stock is subject to market fluctuations of Riley Exploration Permian, Inc.'s common stock.
• The shares are subject to vesting conditions, meaning the director will only fully own them if they remain with the company until the vesting date.

Future Outlook

The document indicates that the granted restricted shares will vest on June 1, 2026, contingent on the director's continued service.

Industry Context

The granting of restricted stock to directors and executives is a common practice across various industries, including the energy sector, to incentivize long-term performance and align interests with shareholders. This is a standard component of compensation packages in publicly traded companies.

Comparison to Industry Standards

• The use of restricted stock grants as part of a long-term incentive plan is a standard corporate governance practice for aligning director and executive interests with shareholder value creation, consistent with compensation strategies observed in comparable oil and gas exploration and production companies.

Corporate Governance

Related Party Transactions

• The transaction involves the grant of restricted stock from Riley Exploration Permian, Inc. to Brent Alexander Arriaga, a director of the company, which constitutes a related party transaction as part of his compensation.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with shareholder returns, potentially leading to more focused long-term decision-making.
• Employees (specifically the director): Provides a form of long-term incentive and compensation, encouraging retention and performance.

Next Steps

• The 7,524 shares of restricted common stock are scheduled to vest on June 1, 2026.

Key Dates

Keywords

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