ESOPJun 24, 2026, 06:01 AM
PEDEVCO Grants 96,630 RSUs & 38,320 PBRSUs to Officers, Employees
AI Summary
On June 22, 2026, PEDEVCO Corp. granted restricted stock units (RSUs) and performance-based restricted stock units (PBRSUs) to various officers and employees as part of its 2025 annual compensation review. A total of 96,630 RSUs and 38,320 target PBRSUs, representing up to 76,640 shares, were awarded under the Company's 2021 Equity Incentive Plan. These awards are designed to incentivize continued service and performance, with vesting tied to service and, for PBRSUs, to the company's total shareholder return over a multi-year period.
Key Highlights
- PEDEVCO granted 96,630 Restricted Stock Units (RSUs) to officers and employees.
- The company also granted 38,320 target Performance-Based Restricted Stock Units (PBRSUs).
- CEO J. Douglas Schick received 22,830 RSUs and 15,220 PBRSUs.
- EVP & General Counsel Clark Moore received 18,950 RSUs and 5,270 PBRSUs.
- Chief Commercial Officer Jody Crook received 16,050 RSUs and 7,020 PBRSUs.
- Other non-executive employees received 38,800 RSUs and 10,810 PBRSUs.
- RSUs vest over three years, while PBRSUs cliff-vest based on TSR performance by December 31, 2028.
Price Impact
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