Savoie Paul Timothy 4

What Happened

Savoie Paul Timothy, a director of Workhorse Group Inc. (WKHS), received an award of 30,484 restricted stock units (RSUs) on 2026-07-17. The RSUs were granted at $0.00 per unit (total reported value $0). Of the grant, 5,484 RSUs vested immediately as of the grant date; the remaining 25,000 RSUs vest in one installment on the earlier of June 29, 2027 or the date of the company's 2027 annual meeting.

Key Details

• Transaction date: 2026-07-17 (Form 4 filed 2026-07-20).
• Transaction type/code: A — Award/Grant of RSUs.
• Shares/units granted: 30,484 RSUs at $0.00 (reported value $0).
• Vesting: 5,484 vested immediately; 25,000 vest as described above (see footnote F1).
• Shares owned after transaction: Not disclosed in the provided filing data.
• Timeliness: Form 4 was filed within the typical two-business-day window following the transaction.
• Footnote summary: Each RSU represents a contingent right to receive one common share upon vesting.

Context

RSU grants are compensation awards (not cash purchases) that convert to actual shares only upon vesting; they are commonly used for retention or incentive purposes. Because this was an award rather than a market purchase or sale, it does not directly signal the insider buying or selling stock in the open market.