Clark Moore 4
4 · PEDEVCO CORP · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
PEDEVCO (PED) EVP Clark Moore Receives Equity Awards (RSUs, PBRSUs)
What Happened Clark Moore, Executive Vice President of PEDEVCO Corp. (PED), received two stock-based awards on 2026-06-22: 18,950 restricted stock units (RSUs) and 5,270 performance-based restricted stock units (PBRSUs), for a total target award of 24,220 units. Both awards were reported as grants (derivative acquisitions) at $0.00 per unit, so there was no cash payment by the reporting person.
Key Details
- Transaction date: 2026-06-22; Form 4 filed 2026-06-23 (within the typical 2-business-day reporting window).
- Awards: 18,950 RSUs (F2/F4) and 5,270 PBRSUs (F3/F5); total target = 24,220 units.
- Reported price: $0.00 per unit; immediate cash value = $0 on grant.
- Vesting and payout: RSUs vest 1/3 each year over three years beginning Jan 1, 2026 (F4). PBRSUs cliff-vest Dec 31, 2028 based on relative total shareholder return vs. peers with payout from 0%–200% of target (F3/F5/F6).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes of note: F1 indicates some shares reported elsewhere may be held for the reporting person’s minor child; F2–F6 describe the nature and vesting/performance terms of the awards.
Context These transactions are grants of deferred equity rather than open-market purchases or sales. RSUs/PBRSUs represent the contingent right to receive shares at vesting (or be forfeited if vesting conditions aren’t met). Performance awards (PBRSUs) can pay out at a different number of shares than the target depending on performance; they do not indicate an immediate cash investment or sale by the insider.
Insider Transaction Report
- Award
Restricted Stock Unit
[F2][F4]2026-06-22+18,950→ 18,950 total→ Common Stock (18,950 underlying) - Award
Performance-Based Restricted Stock Unit
[F3][F5][F6]2026-06-22+5,270→ 5,270 total→ Common Stock (5,270 underlying)
- 73,225
Common Stock
- 143(indirect: By Children)
Common stock
[F1]
Footnotes (6)
- [F1]Represents shares of the Issuers common stock owned by Reporting Persons minor child.
- [F2]Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
- [F3]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.
- [F4]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 Persons 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 Issuers 2021 Equity Incentive Plan.
- [F5]The Performance-Based Restricted Stock Units (PBRSUs), which PBRSUs will be earned based on the performance metrics applicable to the Issuers 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 Persons continued service through that date and based on the Issuers total shareholder return (TSR) over the period, with payout ranging from 0% to 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 Issuers 2021 Equity Incentive Plan.
- [F6]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.