4/A//SEC Filing
Gaul Ryan Wesley 4/A
Accession 0001425287-25-000013
CIK 0001425287other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 8:38 PM ET
Size
6.8 KB
Accession
0001425287-25-000013
Insider Transaction Report
Form 4/AAmended
Gaul Ryan Wesley
President, Commercial Vehicles
Transactions
- Award
Restricted Stock Units
2024-02-21+40,221→ 40,221 total→ Common Stock, $0.001 par value per share (40,221 underlying)
Footnotes (2)
- [F1]Represents shares of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of common stock of Workhorse Group Inc. (the "Company"). Upon vesting, the RSUs may be settled in cash at the discretion of the Company's Board of Directors or Compensation Committee. The RSUs vest in equal one-third increments over three years beginning on February 21, 2025, less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, RSUs 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 the grant date.
- [F2]On June 17, 2024, the Company effected a 1-for-20 reverse split of the Company's common stock, resulting in a reduction in the number of shares held by the reporting person. In addition, proportionate adjustments were made to the Company's outstanding equity awards. Accordingly, all amounts of securities reported in this Form 4 have been adjusted to reflect the 1-for-20 reverse split.
Documents
Issuer
Workhorse Group Inc.
CIK 0001425287
Entity typeother
Related Parties
1- filerCIK 0001661730
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 8:38 PM ET
- Size
- 6.8 KB