Pedevco Incentive Plan and Shareholder Meeting Outcomes

The latest update is out from Pedevco (PED).

PEDEVCO Corp. has awarded significant stock options to key directors as part of its 2021 Equity Incentive Plan. Chairman John Scelfo and Board Director H. Douglas Evans received 125,000 and 85,000 shares respectively, which will vest contingent on their continued board membership. Additionally, during the 2024 Annual Meeting, stockholders elected three director nominees, endorsed the company’s choice of independent auditors, and approved an amendment to the equity incentive plan. The decisions reflect strong shareholder support, with a majority voting in favor of these governance and compensation measures.

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