Company: PED
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001654954-25-007979
Chunk: 42

Company: PEDEVCO CORP
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 42
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 | - |     | $         | 109,500 |
| H. Douglas Evans |     | $                                | - |     | $                        |  74,460 |     | $                          | - |     | $         |  74,460 |

* The table above does not include the amount of any expense reimbursements paid to the above directors. No directors received any Non-Equity Incentive Plan Compensation or Nonqualified Deferred Compensation. Does not include perquisites and other personal benefits, or property, unless the aggregate amount of such compensation is more than $10,000.

| (1) | Amounts in this column represent the aggregate grant date fair value of awards computed in accordance with Financial Accounting Standards Board Accounting Standard Codification Topic 718. For additional information on the valuation assumptions with respect to the restricted stock grants, refer to “Part II” - “Item 8. Financial Statements and Supplementary Data” - “Note 12 – Share-Based Compensation” of the 2024 annual report. These amounts do not correspond to the actual value that will be recognized by the named individuals from these awards. As of December 31, 2024, the following outstanding and unvested shares of restricted stock were held by each of the above non-executive directors: John J. Scelfo – 125,000 shares; and H. Douglas Evans – 85,000 shares. |
| (2) | Mr. Scelfo and Mr. Evans received grants of 125,000 and 85,000 shares of restricted stock, respectively, on August 29, 2024, with an aggregate grant date fair value of $109,500 and $74,460, respectively, which will vest in full on July 12, 2025 and September 27, 2025, respectively, subject to such person’s continued service on the board of directors. For the year ended December 31, 2024, there was a compensation expense of $64,000 recognized by the Company related to these grants.                                                                                                                                                                                                                                                                                           |

| 26 |

Effective September 27, 2018, the board of directors no longer has a formal compensation program; provided that the board of directors and/or the Compensation Committee may authorize compensation (including, but not limited to cash, options and restricted stock) to the members of the board of directors from time to time in their discretion. Additionally, the board of directors generally grants yearly equity awards in August of each year to the non-executive