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

Riley Exploration Permian (REPX)

Fiscal year 2025 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
56th
CEO pay percentile vs peers
CEO-to-median pay ratio
97.55%
Say-on-pay support, latest vote
Companies that benchmark against REPX
5 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.

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
John Suter438,000210,0001,604,3090385,000040,3572,677,666
Chief Operating Officer
Corey Riley434,000208,0001,589,663382,00049,4072,663,070
Chief Information Officer and Chief Compliance Officer
Philip Riley434,000208,000973,2860382,0000663,7842,663,070
Chief Financial Officer and Executive Vice President of Strategy
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 FY20242025
Bobby Riley$5,782,259$3,542,059$2,764,157+2,240,200
John Suter2,677,666
Corey Riley2,663,0701,642,8562,260,057+1,020,214
Philip Riley2,663,0702,260,057
Jeff Gutman1,821,388

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

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
Jeff GutmanRSU2025-03-2418,186$554,673
Jeff GutmanPSU2025-03-243,8977,79415,588351,276
Bobby D. RileyRSU2025-03-2478,5842,396,812
Bobby D. RileyPSU2025-03-2416,84033,67967,3581,517,913
Corey RileyPSU2025-03-246,83813,67627,352616,377
Corey RileyRSU2025-03-2431,911973,286
Philip RileyPSU2025-03-247,62615,25230,504687,408
Philip RileyRSU2025-03-2435,5881,085,434
John SuterRSU2025-03-2432,205982,253
John SuterPSU2025-03-246,90113,80227,604622,056
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jeff Gutman$554,673$351,276$038.8%
Bobby D. Riley2,396,8121,517,913038.8%
Corey Riley973,286616,377038.8%
Philip Riley1,085,434687,408038.8%
John Suter982,253622,056038.8%

% 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
John SuterRSU42,655$1,126,092
John SuterRSU13,802527,098
RileyRSU15,252582,474
RileyRSU114,9953,035,868
RileyRSU56,8371,500,497
RileyRSU64,1401,693,305
RileyRSU33,6791,286,201
Jeff GutmanRSU26,405697,092
RileyRSU13,676522,286
Jeff GutmanRSU7,794297,653
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
20242024-05-1013,852,274587,337190,14295.93%Passed
20192019-12-135,801,925156,79430,51997.37%Passed
20172017-12-126,187,00841,49433,88199.33%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
20242024-05-1095.93%b
20192019-12-1397.37%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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
Bryan H. LawrenceIndependent$120,000$196,151$316,151
Brent ArriagaIndependent · Lead Independent Director · Audit (Chair) · Compensation · Nominating and Corporate Governance120,000196,151316,151
Rebecca BaylessIndependent · Nominating and Corporate Governance (Chair) · Audit · Compensation120,000196,151316,151
E. Wayne NordbergIndependent · Compensation · Audit · Nominating and Corporate Governance120,000196,151316,151
Beth di SantoEmployee director00000
Bobby D. RileyEmployee director · Board Chair0
Bobby SaadatiIndependent · Nominating and Corporate Governance · Newly elected
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
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$480,000
Equity awards (grant-date value)$784,604
All other compensation$0
Total cost of the board$1,264,604

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
5W&T Offshore, Inc.2025Tracy Krohn800,0004,317,2890967,2006,183,187
6Riley Exploration Permian2025Bobby Riley675,0003,914,7250742,0005,782,259
7Vitesse Energy, Inc.2025Robert Gerrity570,0001,780,3170864,0003,214,317
8HighPeak Energy, Inc.2025Michael Hollis1,200,0000002,823,992
9Amplify Energy Corp.2025Daniel Furbee430,4571,038,3490359,4731,898,298
10Granite Ridge Resources, Inc.2024Luke Brandenberg500,000481,438107,81301,461,306
11Evolution Petroleum Corp.2025Kelly Loyd375,000534,672356,2501,315,704
SandRidge Energy, Inc.not in coverage universe
Vital Energy, Inc.not in coverage universe
Ring Energy, Inc.not in coverage universe
Magnolia Oil & Gas Corporationnot 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 Compensation Partners, LLC
Berry Corporation117%PSU 60 · Options 40Yes — Relative TSR vs. Peer GroupPearl Meyer
Evolution Petroleum Corp.not disclosednot disclosednot disclosednot 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 disclosednot disclosednot disclosednot disclosed
Ring Energy, Inc.not disclosednot disclosednot disclosednot disclosed
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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). 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. Filing ↗machine: span 508818–508827
2Section 01, John SuterDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 2,677,666. Filing ↗machine: span 574516–574525
3Section 01, Corey RileyDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 2,663,070. Filing ↗
4Section 01, Philip RileyDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 2,663,070. Filing ↗
5Section 01, Jeff GutmanDEF 14A2026-04-100001140361-26-014090Section “Summary Compensation Table” · page 27. As printed: 1,821,388. Filing ↗machine: span 588718–588727
6Section 03, Jeff Gutman RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 586166–586173
7Section 03, Jeff Gutman PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 587017–587024
8Section 03, Bobby D. Riley RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 505938–505947
9Section 03, Bobby D. Riley PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 506899–506908
10Section 03, Corey Riley PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 550853–550860
11Section 03, Corey Riley RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 549894–549901
12Section 03, Philip Riley PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 528864–528871
13Section 03, Philip Riley RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 528011–528020
14Section 03, John Suter RSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 571964–571971
15Section 03, John Suter PSUDEF 14A2026-04-100001140361-26-014090Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 572815–572822
16Section 08, Bryan H. LawrenceDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. Filing ↗
17Section 08, Brent ArriagaDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. Filing ↗
18Section 08, Rebecca BaylessDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. Filing ↗
19Section 08, E. Wayne NordbergDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 316,151. Filing ↗
20Section 08, Beth di SantoDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Bobby D. RileyDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Bobby SaadatiDEF 14A2026-04-100001140361-26-014090Section “Director Compensation”. As printed: —. 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). Filing ↗
24Section 06, 2024 voteForm 8-K2024-05-130001001614-24-000028Item 5.07 · say-on-pay result. As reported: 95.93% (votes for as printed: 13,852,274). Filing ↗
25Section 06, 2019 voteForm 8-K2019-12-180001140361-19-022847Item 5.07 · say-on-pay result. As reported: 97.37% (votes for as printed: 5,801,925). Filing ↗
26Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
27Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
28Section 09b board cost (computed)ComputedcomputedCash 480,000 + equity 784,604 + all other 0 = 1,264,604, summed across the director compensation table rows.machine: formula: Σ = 1,264,604
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. Filing ↗machine: span 869756–869766
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. Filing ↗machine: r1 · c42 · span 938559–938569
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. Filing ↗machine: r4 · c34 · span 1025234–1025243
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. Filing ↗machine: r13 · c6 · span 1324664–1324674
33W&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. Filing ↗machine: r1 · c42 · span 1563753–1563762
34Riley 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. Filing ↗machine: span 508818–508827
35Vitesse 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. Filing ↗machine: r1 · c35 · span 260442–260451
36HighPeak 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. Filing ↗machine: span 290005–290014
37Amplify 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. Filing ↗machine: r1 · c41 · span 283281–283290
38Granite Ridge Resources, Inc., Section 10b CEO totalDEF 14A2025-04-080001928446-25-000017CEO total compensation as printed in Granite Ridge Resources, Inc.'s own proxy. As printed: 1,461,306. Filing ↗machine: span 290882–290892
39Evolution 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. Filing ↗
40Section 10a, Amplify Energy Corp. reciprocityDEF 14A0001104659-26-047701Amplify Energy Corp. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, W&T Offshore, Inc. reciprocityDEF 14A0001104659-26-047016W&T Offshore, Inc. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, HighPeak Energy, Inc. reciprocityDEF 14A0001437749-26-014193HighPeak Energy, Inc. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Gulfport Energy Corp. reciprocityDEF 14A0001213900-26-041489Gulfport Energy Corp. names Riley Exploration Permian in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Berry Corporation reciprocityDEF 14A0001104659-25-001507Berry Corporation's most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. Filing ↗
45Section 10a, Talos Energy Inc. reciprocityDEF 14A0001193125-26-170385Talos Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. Filing ↗
46Section 10a, SilverBow Resources, Inc. reciprocityDEF 14A0001193125-26-170561SilverBow Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. Filing ↗
47Section 10a, Evolution Petroleum Corp. reciprocityDEF 14A0001104659-25-101832Evolution Petroleum Corp.'s most recent proxy was read; its disclosed peer group does not include Riley Exploration Permian. Filing ↗