PEDEVCO grants 46,770 equity awards to COO and CFO; new employment agreements set salaries and bonuses

PEDEVCO CORP

COO Reagan Dukes receives 17,190 RSUs and 7,520 PBRSUs; CFO Robert Long receives 18,050 RSUs and 4,010 PBRSUs.
RSUs vest over 3 years; PBRSUs based on performance metrics for fiscal 2026-2028.
New employment agreements set base salaries: Dukes $300,000/yr, Long $280,000/yr; target bonus 50% of salary.
Severance provisions: 1x salary and bonus without cause (non-CIC), 2x within 12 months of change in control.
Awards granted under 2021 Equity Incentive Plan; agreements include one-year non-compete and non-solicit.

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