0001493152-23-038667.txt : 20231030 0001493152-23-038667.hdr.sgml : 20231030 20231030160516 ACCESSION NUMBER: 0001493152-23-038667 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231023 FILED AS OF DATE: 20231030 DATE AS OF CHANGE: 20231030 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PETERSON MICHAEL L CENTRAL INDEX KEY: 0001293970 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41643 FILM NUMBER: 231360201 MAIL ADDRESS: STREET 1: 17 CANARY COURT CITY: DANVILLE STATE: CA ZIP: 94526 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Trio Petroleum Corp. CENTRAL INDEX KEY: 0001898766 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 871968201 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 BUSINESS ADDRESS: STREET 1: 5401 BUSINESS PARK, SUITE 115 CITY: BAKERSFIELD STATE: CA ZIP: 93309 BUSINESS PHONE: (44)7581-192-515 MAIL ADDRESS: STREET 1: 5401 BUSINESS PARK, SUITE 115 CITY: BAKERSFIELD STATE: CA ZIP: 93309 4 1 ownership.xml X0508 4 2023-10-23 0 0001898766 Trio Petroleum Corp. TPET 0001293970 PETERSON MICHAEL L 5401 BUSINESS PARK, SUITE 115 BAKERSFIELD CA 93309 1 1 0 0 Chief Executive Officer 0 Common Stock 2023-10-23 4 A 0 1000000 A 1185000 D Mr. Peterson was awarded 1,000,000 shares of restricted stock (the "Stock Grant"), pursuant to the Issuer's 2022 Equity Incentive Plan (the "2022 Plan"), under the terms of an employment agreement entered into between the Issuer and Mr. Peterson, who became the Issuer's Chief Executive Officer, effective as of October 23, 2023. The Stock Grant has a vesting schedule in which the first 250,000 shares of restricted stock will vest on April 23, 2024, and the remainder shall vest in equal tranches of 250,000 shares each on October 23, 2024, April 23, 2025 and October 23, 2025, subject to Mr. Peterson's remaining in Continuous Service (as such term is defined under the 2022 Plan) with the Company as of each of those dates. The shares of restricted stock were awarded as a bonus under Mr. Peterson's employment agreement in connection with his services as the Chief Executive Officer of the Issuer. /s/ Michael L. Peterson 2023-10-30