Form 4: Workhorse CEO Richard Dauch Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Workhorse Group CEO Richard Dauch relinquished 12,533 shares of common stock to cover estimated tax withholding for previously granted restricted shares.
Summary
- On April 30, 2024, Richard F. Dauch, CEO of Workhorse Group Inc., relinquished 12,533 shares of common stock.
- The shares were relinquished to cover estimated tax withholding for restricted shares previously granted to Dauch.
- The price per share was $0.1512, based on the fair market value at the closing trading price on the vesting date.
- Following the transaction, Dauch beneficially owns 8,621,893 shares of Workhorse Group Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
This transaction is a routine occurrence where company executives relinquish shares to cover tax obligations related to vesting of restricted stock. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of the transaction where shares were relinquished to cover tax obligations. |
| 05/03/2024 | Date of signature by attorney-in-fact for Richard F. Dauch. |
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