Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 778

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 2
Chunk 778
---
 -  
     150,000  
    $557,850 
  
    Michael Peterson (2) 
     -  
     -  
     50,000  
    $166,000 
  
    Greg Overholtzer (3) 
     -  
     -  
     10,000  
    $31,300 
  
    Stanford Eschner (4) 
     -  
     -  
     1,875  
    $66,770 
  
    Steven Rowlee (5) 
     -  
     -  
     1,875  
    $66,770 
  
    Terrence Eschner (6) 
     -  
     -  
     1,875  
    $66,770 

    (1)
    Mr. Ross was granted awards of 50,000 RSUs and 100,000 shares of restricted stock, which are all subject to Continuous Service and have vesting schedules in which 25% of the shares of restricted stock will vest six months after the effective date of the award, and the remainder shall vest in equal tranches every three months thereinafter until either the shares of restricted stock are fully vested or Mr. Ross’ Continuous Service with the Company terminates, whichever occurs first. As of October 31, 2024, none of the RSUs or shares of restricted stock awarded to Mr. Ross have vested.

51

    (2)
    In
    connection with the Consulting Agreement that the Company and Mr. Peterson entered into on July 11, 2024, Mr. Peterson was granted
    50,000 RSUs which fully vested 60 days after the date of grant; as of October 31, 2024, all of the shares of restricted stock awarded
    to Mr. Peterson had vested.

    (3)
    Mr.
    Overholtzer was granted 10,000 RSUs which are subject to Continuous Service and have a vesting period of six months after the date
    of the award, at which point they will vest in full. As of October 31, 2024, none of the shares of restricted stock awarded to Mr.
    Overholtzer had vested.

    (4)
    In connection with the employment agreement that the Company and Mr. Eschner entered into on May 1, 2023, Mr. Es