PEDEVCO Corp. issued 35,240 restricted stock units (RSUs) and 11,530 performance-based restricted stock units (PBRSUs) to various officers and employees under its 2021 Equity Incentive Plan. The company also entered into new employment agreements with Chief Operating Officer Reagan Tuck Dukes and Chief Financial Officer Robert J. Long, establishing base salaries of $300,000 and $280,000 respectively, with a 50% target annual bonus for each. PEDEVCO Corp. operates in the energy sector, focusing on acquiring and managing oil and gas assets.
