Graber John Wesley 4
4 · Workhorse Group Inc. · Filed Feb 25, 2022
Insider Transaction Report
Form 4
Graber John Wesley
President, Aerospace
Transactions
- Award
Common Stock, $0.001 par value per share
2022-02-23$3.03/sh+103,960$314,999→ 138,823 total - Award
Performance Share Units
2022-02-23+22,277→ 22,277 totalExp: 2024-12-31→ Common Stock, $0.001 par value per share (22,277 underlying)
Footnotes (2)
- [F1]Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in one year intervals beginning on February 23, 2023, less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on February 22, 2022.
- [F2]Each Performance Share Unit represents a contingent right to receive either one share of common stock of the Company or an equivalent cash value. Between 0% to 200% of the reported shares will vest based on the Company's performance compared to certain peer issuers, measured by the total return to shareholders over a performance period ending on December 31, 2024.