Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 826

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 826
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    -   -   -   -   450,000(3) $350,100                          Paul A. Pinkston  -   -   -   -   66,667(1) $51,867    -   -   -   -   133,334(2) $103,734    -   -   -   -   250,000(3) $194,500 

(1)Stock award vested on January 25, 2025, and was subject to the holder remaining an employee of or consultant to the Company on such vesting dates.(2)Stock award vests 50% on January 23, 2025 (vested), and January 23, 2026, subject to the holder remaining an employee of or consultant to the Company on such vesting dates.(3) Stock award vests 33.3% on January 26, 2025 (vested), 33.3% on January 26, 2026, and 33.4% on January 26, 2027, subject to the holder remaining an employee of or consultant to the Company on such vesting dates.(4)(5) There were no unearned shares, units or other rights that have not vested as of December 31, 2024.Calculated by multiplying the closing market price of the Company’s common stock at the end of the last completed fiscal year (December 31, 2024 and $0.778 per share) by the number of shares of stock.

Issuances of Equity to Executive Officers

See above and see also “Part II” - “Item 8. Financial Statements and Supplementary Data” – “Note 12 – Share-Based Compensation”, for equity issuances to executive officers for the years ended December 31, 2024 and 2023, respectively.

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Compensation of Directors

We compensate our Board members with stock-based compensation from time to time, as consideration for their services to the Board. Our executive officers are not paid any consideration for their service to the Board separate from the consideration they are paid as executive officers of the Company, as shown above.

The following table sets forth compensation information with respect to our non-executive directors during our fiscal year ended December 31, 2024.

Name Fees Earned or Paid in