Clark Moore 4

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.