secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2026-07-24T21:30:36+00:00
Accession:  0001654954-26-006883
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426006883/0001654954-26-006883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495426006883/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-006883

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