Ring Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EMPLOYEE STOCK OPTIONS, RESTRICTED STOCK AWARD PLAN AND 401(k) - Performance Stock Units (Details)

v3.22.4

EMPLOYEE STOCK OPTIONS, RESTRICTED STOCK AWARD PLAN AND 401(k) - Performance Stock Units (Details) - Performance Shares - USD ($)			12 Months Ended
	Feb. 09, 2022	Nov. 22, 2021	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares
Outstanding at beginning of the year (in shares)			860,216	0
Granted (in shares)	860,216	860,216	860,216	860,216
Forfeited or rescinded (in shares)			0	0
Vested (in shares)			0	0
Outstanding at end of year (in shares)			1,720,432	860,216
Outstanding at beginning of the year (in usd per share)			$ 3.87	$ 0
Granted (in usd per share)			3.65	3.87
Forfeited or rescinded (in usd per share)			0	0
Vested (in usd per share)			0	0
Outstanding at end of year (in usd per share)			$ 3.76	$ 3.87
Share-based compensation expense related to PSU			$ 3,013,592	$ 171,494
Unrecognized compensation cost related to PSU			$ 4,037,141
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition			1 year 6 months 21 days

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Amount of expense for award under share-based payment arrangement. Excludes amount capitalized.

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