8-K - Ring Energy, Inc. | StockGist

AI Analysis

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Ring Energy, Inc. granted inducement awards to Sonu Johl, Executive Vice President, Chief Financial Officer and Treasurer, consisting of 317,460 RSUs vesting in three equal annual installments and 476,190 PSUs (up to 952,380 shares) over a performance period from January 1, 2026 to December 31, 2028, subject to continued service and performance goals.

Key Takeaways

1Granted 317,460 RSUs to Sonu Johl on March 5, 2026, vesting in three equal annual installments starting March 5, 2027

2Granted 476,190 PSUs to Sonu Johl on March 5, 2026, with potential for up to 952,380 shares

3PSU vesting: 50% based on total shareholder return vs. peer group, 50% based on annual cash return on capital employed

4Awards granted outside 2021 Omnibus Incentive Plan but governed as if issued under it per NYSE American Section 711(a)

5Press release issued March 6, 2026 reporting the inducement awards

6Exhibits: 10.1 RSU Agreement, 10.2 PSU Agreement, 99.1 Press Release

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 5, 2

Management Change

7.01

, the Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.1, that is required to be dis

Regulation Fd

9.01

Financial Statements and Exhibits. (d) Exhibits . The following exhibits are included with this Current Report on Form 8-K: Exhibit No. Description 10.1 Restric

Exhibits Only

Executive & Director Changes

Sonu Johl

Executive Vice President, Chief Financial Officer and Treasurer

Inducement Awards Granted

Effective: 2026-03-05

Exhibits (4)

10.1

EX-10.1

10.2

EX-10.2

8-K

99.1

EX-99.1