PEDEVCO grants 1.84M restricted shares and 464K options; approves cash bonuses for officers

PEDEVCO CORP

Aggregate of 1,844,118 restricted shares and options for 464,000 shares at $0.85 exercise price granted under 2021 Equity Incentive Plan.
CEO J. Douglas Schick receives 500,000 restricted shares; Executive Chairman Simon G. Kukes receives 350,000 shares.
Cash bonuses: CEO $130K, EVP/GC $120K, CCO $100K, CAO $50K, approved by board on Jan 23, 2025.
Restricted shares vest in three tranches: 1/3 at 10 months, 1/3 at 22 months, 1/3 at 34 months.

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