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John Reinhart is the CEO of Gulfport Energy Corporation, a role he took on starting January 24, 2023. With over 20 years of experience in the oil and gas industry, he has a strong background in operations. Before joining Gulfport,...

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John Reinhart

CEO of Gulfport Energy

Education

Bachelor's degree from a university in the United States.

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1969 - 56 years ago

CEO of Gulfport Energy for

2 years 4 months (Jan 2023 - Present)

Previous Experience

CEO of Montage Resources Corporation; CEO of Blue Ridge Mountain Resources; COO at Ascent Resources; operations roles at Chesapeake Energy.

Holdings

See how much did John Reinhart make over time.

John Reinhart's stock holdings in Gulfport Energy highlight his financial commitment to the company. In 2023, his trading activity peaked significantly, showing he sold substantial amounts of stock worth over $1.5 million in a single month in early 2023. Notably,...

Insider Trading

See recent insider trades of John Reinhart.

GPOR

16,057 shares

GPOR

Mar 1, 2024

Received

GPOR

20,546 shares

GPOR

Jan 24, 2023

Received

CHK

24,310 shares

CHK

Jan 10, 2014

Received

Compensation History

See how much did John Reinhart make over time.

In 2023, John Reinhart's total compensation reached approximately $5.5 million. This includes a salary of $706,133, a bonus of $1,554,300—reflecting a hefty performance incentive based on company metrics—and equity awards valued at around $3.2 million. His compensation package emphasizes a strong alignment with company performance, aiming to motivate executives to drive Gulfport Energy's growth. Reinhart’s bonus structure, which can reach up to 165% of target awards, underlines the importance of financial and operational achievements. This reflects a common practice in the energy sector where executive pay is closely tied to results, promoting accountability and performance within the company. The compensation plan also includes retirement contributions and other benefits, further enhancing the complete package for Reinhart.

Year

2023

Total Compensation

$5.02M

Salary

$706.13K

Board Justification

The compensation philosophy emphasizes alignment with stockholder interests, pay for performance, and competitive compensation to attract and retain top talent.

Bonus

$1.55M

Board Justification

The annual incentive awards are determined based on financial, operational and strategic Company performance measures, with a payout of 165% of target awards for 2023.

Other

$25.27K

Board Justification

Other compensation includes contributions to retirement plans and other perquisites such as life insurance premiums and sporting event tickets.

Restricted Stock

$2.74M(20.55K RSU)

Board Justification

The time-based restricted stock units granted to Mr. Reinhart vest in equal annual installments over a three-year period, with a total value of $2,736,727 based on the closing price of the Company’s common stock on the grant date.

Performance Metrics

The performance metrics for 2023 included adjusted free cash flow, production targets, and safety metrics, with a focus on generating shareholder value.

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