secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001654954-25-000826
Event type: other_material
Sentiment:  neutral
Materiality: 0.10
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425000826/0001654954-25-000826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495425000826/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-000826

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer