Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-13

Riley Exploration Permian (REPX)

CEO Bobby Riley was paid $5,782,259 in fiscal year 2025, ↑ up 63.2% from fiscal year 2024, the 50th percentile of its disclosed peer group (SEC filing 0001140361-26-014090 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,782,259 ↑
Bobby Riley total, FY2025
50th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
97.55%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Bobby Riley (Chairman of the Board and Chief Executive Officer), FY2025 total compensation $5,782,259 (base salary $675,000) [exec_comp, SEC accession 0001140361-26-014090, filed 2026-04-10]

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REPX's next annual pay disclosure, estimated April 6, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bobby Riley$675,000$405,000$3,914,725$0$742,000$0$45,534$5,782,259
Chairman of the Board and Chief Executive Officer
Philip Riley484,000232,0001,772,8420426,000049,4072,964,249
Chief Financial Officer and Executive Vice President of Strategy
John Suter438,000210,0001,604,3090385,000040,3572,677,666
Chief Operating Officer
Corey Riley434,000208,0001,589,6630382,000049,4072,663,070
Chief Information Officer and Chief Compliance Officer
Jeff Gutman371,000178,000905,9490326,000040,4391,821,388
Chief Accounting Officer and Executive Vice President of Commercial Risk

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Bobby Riley$5,782,259$3,542,059$2,764,157↑ +2,240,200
Philip Riley2,964,249—2,223,403—
John Suter2,677,666———
Corey Riley2,663,0701,642,8562,260,057↑ +1,020,214
Jeff Gutman1,821,388———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against REPX
7 companies name REPX as a compensation peer

Each company listed discloses REPX in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named REPX in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Beth di SantoDirector—
Bobby SaadatiIndependent Director—
Brent ArriagaIndependent Director$316,151
Bryan H. LawrenceIndependent Director—
E. Wayne NordbergIndependent Director$316,151
Rebecca BaylessIndependent Director$316,151
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Bobby D. RileyRSU2025-03-24——78,584—$2,396,812
Corey RileyPSU2025-03-246,83813,676—27,352616,377
Philip RileyPSU2025-03-247,62615,252—30,504687,408
Corey RileyRSU2025-03-24——31,911—973,286
John SuterRSU2025-03-24——32,205—982,253
John SuterPSU2025-03-246,90113,802—27,604622,056
Jeff GutmanPSU2025-03-243,8977,794—15,588351,276
Philip RileyRSU2025-03-24——35,588—1,085,434
Jeff GutmanRSU2025-03-24——18,186—554,673
Bobby D. RileyPSU2025-03-2416,84033,679—67,3581,517,913
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bobby D. Riley$2,396,812$1,517,913$038.8%
Corey Riley973,286616,377038.8%
Philip Riley1,085,434687,408038.8%
John Suter982,253622,056038.8%
Jeff Gutman554,673351,276038.8%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
RileyRSU64,140—$1,693,305
RileyRSU114,995—3,035,868
John SuterRSU42,655—1,126,092
Jeff GutmanRSU26,405—697,092
RileyRSU56,837—1,500,497
RileyRSU33,679—1,286,201
RileyRSU15,252—582,474
John SuterRSU13,802—527,098
RileyRSU13,676—522,286
Jeff GutmanRSU7,794—297,653
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract and retain highly qualified executives and motivate them to maximize stockholder return, emphasizing a pay-for-performance philosophy where a significant portion of compensation is incentive-based. The program aims to align executive interests with stockholders by heavily weighting long-term equity compensation, which is influenced by absolute stock price performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1214,974,754376,54824,82197.55%Passed
20242024-05-1013,852,274587,337190,14294.69%Passed
20192019-12-135,801,925156,79430,51996.87%Passed
20172017-12-126,187,00841,49433,88198.8%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1297.55%a
20242024-05-1094.69%b
20192019-12-1396.87%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “If you "abstain" from voting, it will have the same effect as an "against" vote because abstentions are treated as shares entitled to vote under Delaware state law.”.

c. Approved under the standard stated in the filing — “An abstention from voting by a stockholder present in person or by proxy at the meeting has the same legal effect as a vote "against" Proposal No. 2 because it represents a share present or represented at the meeting and entitled to vote, thereby increasing the number of affirmative votes required to approve this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Rebecca BaylessIndependent · Nominating and Corporate Governance (Chair) · Audit · Compensation$120,000$196,151$0—$0$316,151
E. Wayne NordbergIndependent · Compensation · Audit · Nominating and Corporate Governance120,000196,1510—0316,151
Brent ArriagaIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance120,000196,1510—0316,151
Bobby D. RileyEmployee director · Board Chair—————0
Bryan H. LawrenceIndependent000—00
Beth di SantoEmployee director000—00
Bobby SaadatiIndependent · Nominating and Corporate Governance——0—0—
09

Board fee structure and ownership guideline

Annual cash retainer$120,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline$600,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$360,000
Equity awards (grant-date value)$588,453
All other compensation$0
Total cost of the board$948,453

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Riley Exploration Permian names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Riley Exploration Permian.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1SilverBow Resources, Inc.2025M. Jay Allison$1,039,500$16,549,171$0$2,013,512$21,934,257
2Berry Corporation2024Kevin Kwilinski1,029,80814,071,7272,879,9941,535,62520,017,718
3Talos Energy Inc.2025Paul Goodfellow819,5556,513,94801,870,7819,351,093
4Gulfport Energy Corp.2025John Reinhart919,7265,277,43701,098,9007,323,707
5Magnolia Oil & Gas Corporation2025Christopher Stavros870,1924,314,30901,480,5006,693,001
6W&T Offshore, Inc.2025Tracy Krohn800,0004,317,2890967,2006,183,187
7Riley Exploration Permian2025Bobby Riley675,0003,914,7250742,0005,782,259
8Granite Ridge Resources, Inc.2025Tyler Farquharson477,5004,039,73955,84604,956,370
9Vitesse Energy, Inc.2025Robert Gerrity570,0001,780,3170864,0003,214,317
10Ring Energy, Inc.2025Paul McKinney626,6671,473,3060753,9842,884,957
11HighPeak Energy, Inc.2025Michael Hollis1,200,0000002,823,992
12Amplify Energy Corp.2025Daniel Furbee430,4571,038,3490359,4731,898,298
13Evolution Petroleum Corp.2025Kelly Loyd375,000534,672—356,2501,315,704
—SandRidge Energy, Inc.——————not in coverage universe
—Vital Energy, Inc.——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Riley Exploration Permiannot disclosedRSU 70 · PRSU 30not disclosedMeridian Compensation Partners, LLC
Amplify Energy Corp.not disclosedPSU 50 · RSU 50not disclosedMeridian
Berry Corporation117%PSU 60 · Options 40Yes — Relative TSR vs. Peer GroupPearl Meyer
Evolution Petroleum Corp.not disclosedPerformance-based restricted common stock 66.7 · Time-vested restricted common stock 33.3Yes — Relative Total Shareholder Return (TSR)not disclosed
Granite Ridge Resources, Inc.not disclosednot disclosednot disclosedDana Krieg
Gulfport Energy Corp.not disclosedPRSU 60 · RSU 40not disclosedWTW
HighPeak Energy, Inc.not disclosedRSU 100not disclosedPearl Meyer & Partners, LLC
Magnolia Oil & Gas Corporationnot disclosedRSU 50 · PSU 50not disclosedFW Cook
Ring Energy, Inc.not disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners, LLC
SandRidge Energy, Inc.not disclosednot disclosednot disclosednot disclosed
SilverBow Resources, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Talos Energy Inc.not disclosedRSU 50 · PSU 50not disclosedMeridian
Vital Energy, Inc.not disclosednot disclosednot disclosednot disclosed
Vitesse Energy, Inc.not disclosedPSU 60 · RSU 40not disclosednot disclosed
W&T Offshore, Inc.121.88%PSU 60 · RSU 40Yes — TSRMeridian

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Riley Exploration Permian in fiscal 2025?
As disclosed, Bobby Riley (Chairman of the Board and Chief Executive Officer) was the highest-paid executive at Riley Exploration Permian in fiscal 2025, with total compensation of $5,782,259.
How does Riley Exploration Permian's chief executive pay compare to its disclosed peer group?
As disclosed, Bobby Riley's total compensation ranked at the 50th percentile of Riley Exploration Permian's disclosed peer group.
How did shareholders vote on Riley Exploration Permian's executive compensation?
As disclosed, 97.55% of shareholders supported Riley Exploration Permian's executive compensation in the latest say-on-pay vote.
How much does Riley Exploration Permian spend in total on board compensation for fiscal 2025?
As disclosed, Riley Exploration Permian reported total board compensation of $948,453 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bobby RileyDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 5,782,259. View filing ↗
2Section 01, Philip RileyDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 2,964,249. View filing ↗
3Section 01, John SuterDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 2,677,666. View filing ↗
4Section 01, Corey RileyDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 2,663,070. View filing ↗
5Section 01, Jeff GutmanDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 1,821,388. View filing ↗
6Section 03, Bobby D. Riley RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
7Section 03, Corey Riley PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
8Section 03, Philip Riley PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
9Section 03, Corey Riley RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
10Section 03, John Suter RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
11Section 03, John Suter PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
12Section 03, Jeff Gutman PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
13Section 03, Philip Riley RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
14Section 03, Jeff Gutman RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
15Section 03, Bobby D. Riley PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
16Section 08, Rebecca BaylessDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. View filing ↗
17Section 08, E. Wayne NordbergDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. View filing ↗
18Section 08, Brent ArriagaDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. View filing ↗
19Section 08, Bobby D. RileyDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 0. View filing ↗
20Section 08, Bryan H. LawrenceDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 0. View filing ↗
21Section 08, Beth di SantoDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 0. View filing ↗
22Section 08, Bobby SaadatiDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: —. View filing ↗
23Section 06, 2026 voteForm 8-K2026-05-130001001614-26-000028Item 5.07 · say-on-pay result. As reported: 97.55% (votes for as printed: 14,974,754). View filing ↗
24Section 06, 2024 voteForm 8-K2024-05-130001001614-24-000028Item 5.07 · say-on-pay result. As reported: 94.69% (votes for as printed: 13,852,274). View filing ↗
25Section 06, 2019 voteForm 8-K2019-12-180001140361-19-022847Item 5.07 · say-on-pay result. As reported: 96.87% (votes for as printed: 5,801,925). View filing ↗
26Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
27Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
28Section 09b board cost (computed)Computed——Cash 360,000 + equity 588,453 + all other 0 = 948,453, summed across the director compensation table rows.
29SilverBow Resources, Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170561CEO total compensation as printed in SilverBow Resources, Inc.'s own proxy. As printed: 21,934,257. View filing ↗
30Berry Corporation, Section 10b CEO totalDEF 14A2025-01-070001104659-25-001507CEO total compensation as printed in Berry Corporation's own proxy. As printed: 20,017,718. View filing ↗
31Talos Energy Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-170385CEO total compensation as printed in Talos Energy Inc.'s own proxy. As printed: 9,351,093. View filing ↗
32Gulfport Energy Corp., Section 10b CEO totalDEF 14A2026-04-080001213900-26-041489CEO total compensation as printed in Gulfport Energy Corp.'s own proxy. As printed: 7,323,707. View filing ↗
33Magnolia Oil & Gas Corporation, Section 10b CEO totalDEF 14A2026-03-240001104659-26-033837CEO total compensation as printed in Magnolia Oil & Gas Corporation's own proxy. As printed: 6,693,001. View filing ↗
34W&T Offshore, Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047016CEO total compensation as printed in W&T Offshore, Inc.'s own proxy. As printed: 6,183,187. View filing ↗
35Riley Exploration Permian (subject), Section 10b CEO totalDEF 14A2026-04-100001140361-26-014090CEO total compensation as printed in Riley Exploration Permian's own proxy. As printed: 5,782,259. View filing ↗
36Granite Ridge Resources, Inc., Section 10b CEO totalDEF 14A2026-04-080001928446-26-000011CEO total compensation as printed in Granite Ridge Resources, Inc.'s own proxy. As printed: 4,956,370. View filing ↗
37Vitesse Energy, Inc., Section 10b CEO totalDEF 14A2026-04-170001104659-26-044918CEO total compensation as printed in Vitesse Energy, Inc.'s own proxy. As printed: 3,214,317. View filing ↗
38Ring Energy, Inc., Section 10b CEO totalDEF 14A2026-04-100001384195-26-000068CEO total compensation as printed in Ring Energy, Inc.'s own proxy. As printed: 2,884,957. View filing ↗
39HighPeak Energy, Inc., Section 10b CEO totalDEF 14A2026-04-300001437749-26-014193CEO total compensation as printed in HighPeak Energy, Inc.'s own proxy. As printed: 2,823,992. View filing ↗
40Amplify Energy Corp., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047701CEO total compensation as printed in Amplify Energy Corp.'s own proxy. As printed: 1,898,298. View filing ↗
41Evolution Petroleum Corp., Section 10b CEO totalDEF 14A2025-10-230001104659-25-101832CEO total compensation as printed in Evolution Petroleum Corp.'s own proxy. As printed: 1,315,704. View filing ↗
42Section 10a, Gulfport Energy Corp. reciprocityDEF 14A—0001213900-26-041489Gulfport Energy Corp. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). View filing ↗
43Section 10a, Talos Energy Inc. reciprocityDEF 14A—0001193125-26-170385Talos Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. View filing ↗
44Section 10a, W&T Offshore, Inc. reciprocityDEF 14A—0001104659-26-047016W&T Offshore, Inc. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). View filing ↗
45Section 10a, HighPeak Energy, Inc. reciprocityDEF 14A—0001437749-26-014193HighPeak Energy, Inc. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). View filing ↗
46Section 10a, Ring Energy, Inc. reciprocityDEF 14A—0001384195-26-000068Ring Energy, Inc. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). View filing ↗
47Section 10a, Amplify Energy Corp. reciprocityDEF 14A—0001104659-26-047701Amplify Energy Corp. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). View filing ↗
48Section 10a, SilverBow Resources, Inc. reciprocityDEF 14A—0001193125-26-170561SilverBow Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. View filing ↗
49Section 10a, Granite Ridge Resources, Inc. reciprocityDEF 14A—0001928446-26-000011Granite Ridge Resources, Inc. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). View filing ↗
50Section 10a, Evolution Petroleum Corp. reciprocityDEF 14A—0001104659-25-101832Evolution Petroleum Corp.'s most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. View filing ↗
51Section 10a, Berry Corporation reciprocityDEF 14A—0001104659-25-001507Berry Corporation's most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. View filing ↗
52Section 10a, Magnolia Oil & Gas Corporation reciprocityDEF 14A—0001104659-26-033837Magnolia Oil & Gas Corporation's most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. View filing ↗