Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 2793

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 2793
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 1, 2025.

 129Table of Contents

Summary Compensation Table

Does not include perquisites and other personal benefits or property, unless the aggregate amount of such compensation is more than $10,000. No executive officer earned any non-equity incentive plan compensation or nonqualified deferred compensation during the periods reported above. Bonus payments to executive officers were awarded at the discretion of the Board of Directors based on an assessment of the Company’s and each individual executive officer’s performance without reference to any specific individual performance objectives. Stock Awards 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”. These amounts do not correspond to the actual value that will be recognized by the named individuals from these awards. No executive officer serving as a director received any compensation for services on the Board of Directors separate from the compensation paid as an executive for the periods above. 

(1)Consists of the value of 550,000 shares of restricted common stock granted in January 2024 at $0.6675 per share.(2)Consists of the value of 400,000 shares of restricted common stock granted in January 2023 at $1.09 per share.(3)Consists of the value of 525,000 shares of restricted common stock granted in January 2024 at $0.6675 per share.(4)Consists of Company matching contributions of up to 6% of the applicable officer's salary into the Company's sponsored 401(k) plan, subject to IRS and plan limits.(5)Consists of the value of 350,000 shares of restricted common stock granted in January 2023 at $1.09 per share.(6)Consists of the value of 450,000 shares of restricted common stock granted in January 2024 at $0.6675 per share.(7)Consists of the value of 300,000 shares of restricted common stock granted in January 2023 at $1.09 per share.(8)Consists of the value of 250,000 shares of restricted common stock granted in January 2024 at $0.6675 per share.(9)Consists of the value of 200,000 shares of restricted common stock granted in January 2023 at