PEDEVCO CORP (PED) grants CFO RSU and performance-based stock awards
Rhea-AI Filing Summary
Long Robert Joseph reported acquisition or exercise transactions in this Form 4 filing.
PEDEVCO CORP reports equity awards to CFO and Treasurer Robert Joseph Long on July 21, 2026. He received 18,050 Restricted Stock Units, each a contingent right to one share of common stock, vesting in three equal annual installments over a three-year period beginning from a January 1, 2026 vesting commencement date, subject to continued service.
He also received 4,010 performance-based RSUs, with actual payout ranging from 0% to 200% of the target award based on total shareholder return versus a defined peer group for the 2026–2028 performance period, generally cliff-vesting on December 31, 2028, subject to continued service. Following these awards, he directly holds 46,308 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Long Robert Joseph
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit F1, F3 | 18,050 | $0.00 | $0.00 |
| Grant/Award | Performance-Based Restricted Stock Unit F2, F4, F5 | 4,010 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 18,050 shares (Direct);
Performance-Based Restricted Stock Unit — 4,010 shares (Direct);
Common Stock — 46,308 shares (Direct)
Footnotes (5)
- F1. Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
- F2. Each Performance-Based Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, shares of common stock of the Issuer. The actual number of shares issuable upon vesting may range from 0% to 200% of the target award based upon the level of achievement of the applicable performance criteria.
- 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.
- 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.
- 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.
Key Figures
Time-based RSU award: 18,050 units
Performance-based RSU target award: 4,010 units
Common stock holding: 46,308 shares
+3 more
6 metrics
Time-based RSU award
18,050 units
Restricted Stock Units granted to CFO on July 21, 2026
Performance-based RSU target award
4,010 units
Target number of performance-based RSUs granted on July 21, 2026
Common stock holding
46,308 shares
Direct common stock held by CFO following reported transactions
Performance payout range
0% to 200%
Potential payout range of performance-based RSUs relative to target
RSU vesting period
Three years
RSUs vest in three equal annual installments from a January 1, 2026 commencement date
PBRSU vesting date
December 31, 2028
Cliff-vesting date for performance-based RSUs, subject to continued service and performance
Key Terms
Restricted Stock Unit, Performance-Based Restricted Stock Unit, total shareholder return, cliff-vesting, +2 more
6 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement"
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 Unit financial
"Each Performance-Based Restricted Stock Unit represents the contingent right to receive, at vesting"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
cliff-vesting financial
"generally provide for the cliff-vesting of 100% of the PBRSUs on December 31, 2028"
vesting commencement date financial
"on the one (1) year anniversary of the January 1, 2026 vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Equity Incentive Plan financial
"Issued under the Issuer's 2021 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did PEDEVCO (PED) grant to its CFO Robert Joseph Long?
PEDEVCO granted CFO Robert Joseph Long 18,050 Restricted Stock Units and 4,010 performance-based RSUs on July 21, 2026. Each unit represents a contingent right to receive common stock upon vesting and settlement under the company’s 2021 Equity Incentive Plan.
How do the time-based RSUs granted to PEDEVCO (PED) CFO vest?
The 18,050 RSUs vest in three equal installments over three years from a January 1, 2026 vesting commencement date. Vesting occurs at each anniversary, subject to Robert Joseph Long’s continued service and the terms of the Restricted Stock Unit Award Grant Agreement.
What are the performance conditions on PEDEVCO (PED) performance-based RSUs?
The 4,010 performance-based RSUs are earned over the fiscal 2026–2028 performance period based on total shareholder return versus a defined peer group. Payout can range from 0% to 200% of target, with 100% generally cliff-vesting on December 31, 2028, subject to continued service.
Do PEDEVCO (PED) RSUs and performance-based RSUs ever expire?
The RSUs and performance-based RSUs do not have traditional expiration dates. They either vest or are forfeited prior to the applicable vesting dates, in accordance with the award agreements and the 2021 Equity Incentive Plan terms governing continued service and performance outcomes.
Under which plan were the PEDEVCO (PED) equity awards to the CFO issued?
Both the time-based RSUs and performance-based RSUs for Robert Joseph Long were issued under PEDEVCO’s 2021 Equity Incentive Plan. The specific vesting, service, and performance conditions are further detailed in individual award grant agreements between the company and the executive.