Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 343

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 1
Chunk 343
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 Policy in accordance with applicable NYSE and NYSE American rules, a copy of which is filed as
the exhibit 97.1 to this Annual Report. It is generally our policy that the Company will recoup any incentive compensation
erroneously awarded to any current or former executive officers due to material noncompliance with any financial reporting
requirement under applicable securities laws during the three completed fiscal years immediately preceding the date the Company
determines that an accounting restatement is required.

Summary
Compensation

The
following sets forth the compensation paid by us to our named executive officers for the fiscal years ended October 31, 2024 and 2023.

    Stock  
    Option  
    All Other  

    Salary  
    Bonus  
    Awards  
    Awards  
    Compensation  
    Total 
  
    Name
    and Principal Position 
    Year  
    ($)  
    ($)  
    ($)  
    ($)  
    ($)  
    ($) 
  
    Robin Ross 
    2024  
     25,569  
     70,639  
     52,541  
     -  
     4,170  
     152,919 
  
    Chief
    Executive Officer and Chairman (1) 
    2023  
     -  
     -  
     -  
     -  
     -  
     - 

    Michael Peterson 
    2024  
     175,000  
     -  
     417,761  
     -  
     -  
     592,761 
  
    Chief
    Executive Officer (2) 
    2023  
     8,974  
     -  
     -  
     -  
     31,358  
     40,512 

    Greg Overholtzer 
    2024  
     90,000  
     -  
     14,136  
     -  
     -  
     104,136 
  
    Chief
    Financial Officer (3) 
    2023  
     85,000  
     -  
     -  
     -  
     -  
     85,000 

    Stanford Eschner 
    202