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Pedevco (NYSE American: PED) awards RSUs and PBRSUs to COO Reagan Tuck

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DUKES REAGAN TUCK reported acquisition or exercise transactions in this Form 4 filing.

Pedevco granted COO Reagan Tuck equity awards on July 21, 2026: 17,190 Restricted Stock Units and a target 7,520 Performance-Based Restricted Stock Units, each a contingent right to receive one share of common stock upon vesting. The RSUs vest in three equal annual installments from a January 1, 2026 vesting commencement date. All PBRSUs cliff-vest on December 31, 2028 based on total shareholder return over the 2026–2028 performance period, with payout from 0–200% of target, subject to continued service. After these awards, Tuck directly holds 56,695 common shares.

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Insider DUKES REAGAN TUCK
Role COO
Type Security Shares Price Value
Grant/Award Restricted Stock Unit F1, F3 17,190 $0.00 $0.00
Grant/Award Performance-Based F2, F4, F5 7,520 $0.00 $0.00
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 17,190 shares (Direct); Performance-Based — 7,520 shares (Direct); Common Stock — 56,695 shares (Direct)
Footnotes (5)
  1. F1. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
  2. F2. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
  3. F3. The Restricted Stock Units (RSUs) vest, if at all, at the rate of (i) 1/3 of the total number of RSUs on the one (1) year anniversary of the January 1, 2026 vesting commencement date (the "VCD"); (ii) 1/3 of the total number of RSUs on the two (2) year anniversary of the VCD; and (iii) 1/3 of the total number of RSUs on the three (3) year anniversary of the VCD, subject to the Reporting Person's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Stock Unit Award Grant Agreement entered into between the Company and the Reporting Person. RSUs do not expire; they either vest or are forfeited prior to vesting date. Issued under the Issuer's 2021 Equity Incentive Plan.
  4. F4. The Performance-Based Restricted Stock Units (PBRSUs), which PBRSUs will be earned based on the performance metrics applicable to the Issuer's performance-based equity award program previously approved for management for the fiscal 2026 through fiscal 2028 performance period, which generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028, subject to the Reporting Person's continued service through that date and based on the Issuer's total shareholder return ("TSR") over the period, with payout ranging from 0-200% of target based on relative TSR percentile ranking against a defined peer group, and further subject to the terms and conditions of a Performance-Based Restricted Stock Unit Award Grant Agreement entered into between the Issuer and the Reporting Person. PBRSUs do not expire; they either vest or are forfeited prior to vesting. Issued under the Issuer's 2021 Equity Incentive Plan.
  5. F5. The "Target" number of shares is reported. Possible payout ranges from 0% to 200%, based on the level of achievement of the applicable performance criteria during the applicable performance period.
RSUs granted 17,190 units Restricted Stock Units granted to COO Reagan Tuck on July 21, 2026
Target PBRSUs granted 7,520 units Performance-Based Restricted Stock Units for the fiscal 2026–2028 performance period
Common shares held after awards 56,695 shares Directly held Pedevco common stock reported after the July 21, 2026 awards
PBRSU payout range 0–200% of target Actual PBRSU payout based on total shareholder return versus a defined peer group
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the contingent right to receive one share of common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance-Based Restricted Stock Units (PBRSUs) financial
"The Performance-Based Restricted Stock Units (PBRSUs) will be earned based on performance metrics"
total shareholder return ("TSR") financial
"based on the Issuer's total shareholder return ("TSR") over the period"
cliff-vesting financial
"generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028"
2021 Equity Incentive Plan financial
"Issued under the Issuer's 2021 Equity Incentive Plan"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What equity awards did PED grant to COO Reagan Tuck on July 21, 2026?
Pedevco granted COO Reagan Tuck 17,190 Restricted Stock Units and a target 7,520 Performance-Based Restricted Stock Units. Each unit represents a contingent right to receive one share of common stock upon vesting, subject to the terms of individual award agreements.

How do the RSUs granted to PED's COO vest?
The 17,190 RSUs vest, if at all, in three equal installments: one-third on each of the first, second, and third anniversaries of the January 1, 2026 vesting commencement date, subject to Reagan Tuck’s continued service and the Restricted Stock Unit Award Grant Agreement.

What are the performance conditions for PED's COO PBRSUs?
The 7,520 target PBRSUs are earned over the fiscal 2026–2028 performance period based on Pedevco’s total shareholder return versus a defined peer group. All PBRSUs cliff-vest on December 31, 2028, with payout ranging from 0–200% of target, subject to continued service.

How many PED common shares does Reagan Tuck hold after these awards?
After these equity grants, Reagan Tuck directly holds 56,695 shares of Pedevco common stock. This holding is reported as a direct ownership position separate from the unvested RSUs and PBRSUs, which represent contingent rights to receive additional common shares upon vesting.

Under what plan were the PED equity awards to the COO issued?
Both the RSUs and PBRSUs were issued under Pedevco’s 2021 Equity Incentive Plan. Each award is governed by a specific grant agreement that sets vesting terms, performance metrics for PBRSUs, and conditions under which units either vest or are forfeited.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
DUKES REAGAN TUCK
(Last)(First)(Middle)
575 N. DAIRY ASHFORD ENERGY CENTER II
SUITE 210
(Street)
HOUSTON TEXAS 77079
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PEDEVCO CORP [ PED ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
COO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock56,695D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)07/21/2026A17,190 (3) (3)Common Stock17,190$0.0017,190D
Performance-Based(2)07/21/2026A7,520 (4) (4)Common Stock7,520(5)$0.007,520D
Explanation of Responses:
1. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
2. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
3. The Restricted Stock Units (RSUs) vest, if at all, at the rate of (i) 1/3 of the total number of RSUs on the one (1) year anniversary of the January 1, 2026 vesting commencement date (the "VCD"); (ii) 1/3 of the total number of RSUs on the two (2) year anniversary of the VCD; and (iii) 1/3 of the total number of RSUs on the three (3) year anniversary of the VCD, subject to the Reporting Person's continued service to the Company on such vesting dates, and subject to the terms and conditions of a Restricted Stock Unit Award Grant Agreement entered into between the Company and the Reporting Person. RSUs do not expire; they either vest or are forfeited prior to vesting date. Issued under the Issuer's 2021 Equity Incentive Plan.
4. The Performance-Based Restricted Stock Units (PBRSUs), which PBRSUs will be earned based on the performance metrics applicable to the Issuer's performance-based equity award program previously approved for management for the fiscal 2026 through fiscal 2028 performance period, which generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028, subject to the Reporting Person's continued service through that date and based on the Issuer's total shareholder return ("TSR") over the period, with payout ranging from 0-200% of target based on relative TSR percentile ranking against a defined peer group, and further subject to the terms and conditions of a Performance-Based Restricted Stock Unit Award Grant Agreement entered into between the Issuer and the Reporting Person. PBRSUs do not expire; they either vest or are forfeited prior to vesting. Issued under the Issuer's 2021 Equity Incentive Plan.
5. The "Target" number of shares is reported. Possible payout ranges from 0% to 200%, based on the level of achievement of the applicable performance criteria during the applicable performance period.
Remarks:
See the Power of Attorney filed as Exhibit 24 to the Form 3 filed by the Reporting Person on March 3, 2026
/s/ Clark R. Moore, attorney-in-fact for Reagan T. Dukes07/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR