Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 2068

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 9B
Chunk 2068
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 none of the RSUs or shares of restricted stock awarded to Mr. Ross have vested.

51

    (2)
    In
    connection with the Consulting Agreement that the Company and Mr. Peterson entered into on July 11, 2024, Mr. Peterson was granted
    50,000 RSUs which fully vested 60 days after the date of grant; as of October 31, 2024, all of the shares of restricted stock awarded
    to Mr. Peterson had vested.

    (3)
    Mr.
    Overholtzer was granted 10,000 RSUs which are subject to Continuous Service and have a vesting period of six months after the date
    of the award, at which point they will vest in full. As of October 31, 2024, none of the shares of restricted stock awarded to Mr.
    Overholtzer had vested.

    (4)
    In connection with the employment agreement that the Company and Mr. Eschner entered into on May 1, 2023, Mr. Eschner
was granted 7,500 RSUs which are subject to Continuous Service and have a vesting period of five months after the date of the award, with
the remainder vesting in equal tranches every six months afterwards. As of October 31, 2024, all but 1,875 shares awarded to Mr. Eschner
had vested.

    (5)
    In connection with the employment agreement that the Company and Mr. Rowlee entered into on May 1, 2023, Mr. Rowlee
was granted 7,500 RSUs which are subject to Continuous Service and have a vesting period of five months after the date of the award, with
the remainder vesting in equal tranches every six months afterwards. As of October 31, 2024, all but 1,875 shares awarded to Mr. Rowlee
had vested.

    (6)
    In connection with the employment agreement that the Company and Mr. Eschner entered into on May 1, 2023, Mr. Eschner
was granted 7,500 RSUs which are subject to Continuous Service and have a vesting period of five months after the date of the award, with
the remainder vesting in equal tranches every six months afterwards. As of October 31, 2024, all but 1,875 shares awarded to Mr. Eschner
had vested.

Narrative Disclosure to Summary Compensation