Corporate GovernanceJul 24, 2026, 05:41 PM
PEDEVCO Grants RSUs/PBRSUs to Officers; New Employment Agreements
AI Summary
PEDEVCO Corp. announced the issuance of restricted stock unit (RSU) and performance-based restricted stock unit (PBRSU) awards to various officers and employees, including its Chief Operating Officer, Reagan Tuck Dukes, and Chief Financial Officer, Robert J. Long. These awards, totaling 35,240 RSUs and 11,530 PBRSUs, were granted under the company's 2021 Equity Incentive Plan. Additionally, the company entered into new employment agreements with Mr. Dukes and Mr. Long, outlining their compensation and terms of service.
Key Highlights
- PEDEVCO issued 35,240 RSUs and 11,530 PBRSUs to various officers and employees.
- COO Reagan Tuck Dukes received 17,190 RSUs and 7,520 PBRSUs.
- CFO Robert J. Long received 18,050 RSUs and 4,010 PBRSUs.
- RSUs vest in three equal annual installments over three years, starting January 1, 2026.
- PBRSUs vest based on performance metrics for fiscal 2026-2028.
- New employment agreements for COO Dukes ($300,000 annual salary) and CFO Long ($280,000 annual salary) were signed.
- Awards include accelerated vesting provisions upon certain termination events or a Change in Control.
Price Impact
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