Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 2490

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 2490
---
 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.

 131Table of Contents

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 Cash ($)*  Stock Awards ($) (1) (2)  All Other Compensation ($)  Total ($) John J. Scelfo $-  $109,500  $-  $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”. These amounts do not correspond to the actual value that will be recognized by the named individuals from these awards. As of December 31, 202