Form 4: Workhorse CEO Richard Dauch Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Workhorse Group CEO Richard Dauch relinquished 25,066 shares of common stock to cover estimated tax withholding for previously granted restricted shares.
Summary
- On March 1, 2024, Richard F. Dauch, CEO of Workhorse Group Inc., relinquished 25,066 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 $0.337, based on the fair market value of Workhorse's common stock on the vesting date.
- Following the transaction, Dauch beneficially owns 8,634,426 shares of Workhorse Group Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
This transaction is a routine occurrence related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the company's outlook or Dauch's confidence in Workhorse.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of the transaction where Richard F. Dauch relinquished shares. |
| 03/05/2024 | Date of signature by attorney-in-fact for Richard F. Dauch. |
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