PEDEVCO grants CFO Long 18,050 RSUs in annual compensation review
PED•Executive compensation terms updated
- PEDEVCO set new employment terms for COO Reagan Tuck Dukes, salary $300,000 with a 50% target bonus.
- CFO Robert “Bobby” J. Long was set at $280,000 salary with a 50% target bonus; both agreements include five weeks paid time off.
- Change-in-control termination protection: 2x base salary plus target bonus if terminated without cause or for good reason within 12 months.
- Absent a change in control, severance is set at 1x base salary plus target bonus; optional COBRA premium reimbursement up to 12 months.
- Equity awards issued July 21: 35,240 RSUs and 11,530 PBRSUs; Dukes received 17,190 RSUs and 7,520 PBRSUs, and Long received 18,050 RSUs and 4,010 PBRSUs.
