Company: PED
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001654954-25-003703
Chunk: 1293

Company: PEDEVCO CORP
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 1293
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   110,000   300,375(6)  -   18,307(4)  721,515 Executive Vice President, General Counsel and Secretary 2023  280,000   98,000   327,000(7)  -   19,800(4)  724,800                  -         Paul A. Pinkston 2024  167,333   35,000   166,875(8)  -   12,140(4)  381,348 Chief Accounting Officer 2023  160,000   37,000   218,000(9)  -   11,820(4)  428,333 

*Chief Executive Officer in 2023 and 2024; departed from Chief Executive Officer position and assumed Executive Chairman position effective January 1, 2025.

**Annual bonus awards are paid in January each year and are for performance bonuses accrued over the prior calendar year.

#President in 2023 and 2024; appointed President and Chief Executive Officer effective January 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