PEDEVCO (PED) COO Reagan Tuck Receives RSU & Performance Award

What Happened
Dukes Reagan Tuck, COO of PEDEVCO CORP (PED), received two equity awards on July 21, 2026: 17,190 restricted stock units (RSUs) and 7,520 performance-based restricted stock units (PBRSUs), for a total target of 24,710 units. The reported price is $0.00 because these are grants (derivative awards), not open-market purchases or sales. The awards were issued under PEDEVCO’s 2021 Equity Incentive Plan.

Key Details

• Transaction date: 2026-07-21; Form 4 filed: 2026-07-23 (appears timely under the two-business-day rule).
• Award types & amounts: 17,190 RSUs (F1/F3) and 7,520 PBRSUs (F2/F4); total target = 24,710 units. Reported transaction code: A (grant/award). Price: $0.00.
• Vesting: RSUs vest 1/3 each year on the 1st, 2nd and 3rd anniversaries of the Jan 1, 2026 vesting commencement date (so roughly Jan 1 of 2027–2029), subject to continued service (F3). PBRSUs cliff-vest on Dec 31, 2028 based on total shareholder return (TSR) versus peers, with payout 0–200% of target (F4/F5).
• Shares owned after transaction: Not specified in the filing.
• Other: Awards governed by individual grant agreements; see Power of Attorney cited as Exhibit 24 in prior Form 3.

Context

• RSUs represent the right to receive common shares at vesting; PBRSUs are performance-based and may pay out more or less than target depending on TSR performance through 2028.
• These awards are compensation/retention tools and do not involve immediate cash outlay or open-market buying/selling.
• Because the PBRSU payout is performance-based (0–200%), the eventual number of shares received could differ materially from the reported target.