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PEDEVCO CORP·4

Jun 23, 5:37 PM ET

Schick John Douglas 4

4 · PEDEVCO CORP · Filed Jun 23, 2026

Research Summary

AI-generated summary of this filing

Updated

PEDEVCO (PED) CEO John Schick Receives RSU and Performance Awards

What Happened

  • John D. Schick, President & CEO and a director of PEDEVCO Corp (PED), was granted two equity awards on 2026-06-22 totaling 38,050 units: 22,830 Restricted Stock Units (RSUs) and 15,220 Performance-Based RSUs (PBRSUs). Both grants were reported as derivative awards with an acquisition price of $0.00 (i.e., no cash paid at grant).
  • These are compensation awards (transaction code A — award/grant), not open-market purchases or sales.

Key Details

  • Transaction date: 2026-06-22; Form filed: 2026-06-23 (timely filing).
  • Award amounts: 22,830 RSUs and 15,220 PBRSUs (total target = 38,050 units). Reported price per unit: $0.00.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Notable footnotes:
    • RSUs: each unit converts to one share at vesting; vesting schedule is 1/3 on each of the 1-, 2- and 3-year anniversaries of the Jan 1, 2026 vesting commencement date, subject to continued service (F3, F5).
    • PBRSUs: cliff-vesting on Dec 31, 2028 subject to continued service and performance (total shareholder return) vs. peers; payout may range from 0%–200% of target (F4, F6, F7).
    • Ownership caveats: the reporting person disclaims beneficial ownership except for any pecuniary interest (F1), and American Resources Inc., which he controls, may hold securities that could be attributed to him (F2).
  • Remarks: Power of attorney reference included in prior Form 4.

Context

  • These are equity compensation awards intended for future vesting; no immediate change in publicly tradable shares occurred at grant. Such awards are routine for executives and reflect compensation design rather than an open-market investment decision.

Insider Transaction Report

Form 4
Period: 2026-06-22
PEDEVCO CORPPED
Schick John Douglas
DirectorPresident and CEO
Transactions
  • Award

    Restricted Stock Unit

    [F3][F5]
    2026-06-22+22,830→ 22,830 total
    → Common Stock (22,830 underlying)
  • Award

    Performance-Based Restricted Stock Unit

    [F4][F6][F7]
    2026-06-22+15,220→ 15,220 total
    → Common Stock (15,220 underlying)
Holdings

  • Common Stock

    169,987

  • Common stock

    [F1][F2]
    (indirect: By American Resources Inc.)
    22,727
Footnotes (7)
  • [F1]Except to the extent of his pecuniary interest therein this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
  • [F2]American Resources Inc., is owned and controlled by the Reporting Person, and as such the Reporting Person may be deemed to be beneficially owned the securities held by American Resources Inc.
  • [F3]Each Restricted Stock Unit represents the contingent right to receive, at vesting and upon settlement, one share of common stock.
  • [F4]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.
  • [F5]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.
  • [F6]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 Issuer's 2021 Equity Incentive Plan.
  • [F7]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.
Signature
/s/ Clark R. Moore, attorney-in-fact for J. Douglas Schick|2026-06-23

Documents

1 file
  • 4
    form4.xmlPrimary

    FORM 4