4//SEC Filing
PETERSON MICHAEL L 4
Accession 0001493152-23-038667
CIK 0001898766other
Filed
Oct 29, 8:00 PM ET
Accepted
Oct 30, 4:05 PM ET
Size
5.5 KB
Accession
0001493152-23-038667
Insider Transaction Report
Form 4
PETERSON MICHAEL L
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2023-10-23+1,000,000→ 1,185,000 total
Footnotes (2)
- [F1]Mr. Peterson was awarded 1,000,000 shares of restricted stock (the "Stock Grant"), pursuant to the Issuer's 2022 Equity Incentive Plan (the "2022 Plan"), under the terms of an employment agreement entered into between the Issuer and Mr. Peterson, who became the Issuer's Chief Executive Officer, effective as of October 23, 2023. The Stock Grant has a vesting schedule in which the first 250,000 shares of restricted stock will vest on April 23, 2024, and the remainder shall vest in equal tranches of 250,000 shares each on October 23, 2024, April 23, 2025 and October 23, 2025, subject to Mr. Peterson's remaining in Continuous Service (as such term is defined under the 2022 Plan) with the Company as of each of those dates.
- [F2]The shares of restricted stock were awarded as a bonus under Mr. Peterson's employment agreement in connection with his services as the Chief Executive Officer of the Issuer.
Documents
Issuer
Trio Petroleum Corp.
CIK 0001898766
Entity typeother
Related Parties
1- filerCIK 0001293970
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 8:00 PM ET
- Accepted
- Oct 30, 4:05 PM ET
- Size
- 5.5 KB