Form 4: Workhorse CEO Richard Dauch Reports Stock Transactions Following PSU Vesting
SEC Form 4
Workhorse Group CEO Richard Dauch reports the vesting and settlement of Performance Share Units (PSUs) resulting in stock transactions.
Summary
- Richard F. Dauch, CEO of Workhorse Group Inc., reported transactions involving common stock on April 17, 2025.
- The transactions involved the vesting and settlement of Performance Share Units (PSUs) granted in 2021 and 2022.
- The PSUs vested upon achievement of certain performance incentives and were settled in cash based on the fair market value of Workhorse's common stock.
- Dauch disposed of 1,000 shares at $1.31 and 1,980 shares at $1.31 after acquiring 1,000 and 1,980 shares respectively from PSU vesting.
- Following these transactions, Dauch beneficially owns 10,364 shares of Workhorse common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to executive stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership. It doesn't provide specific insights into Workhorse's competitive positioning or broader industry trends.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| November 5, 2021 | Date Performance Share Units were granted to Richard Dauch |
| February 23, 2022 | Date Performance Share Units were granted to Richard Dauch |
| June 17, 2024 | Date of 1-for-20 reverse stock split |
| December 31, 2024 | Initial Expiration Date of Performance Share Units |
| March 17, 2025 | Date of 1-for-12.5 reverse stock split |
| April 17, 2025 | Date of PSU vesting and stock transactions |
| April 21, 2025 | Date of Form 4 signature |
Keywords
Workhorse Group, Richard Dauch, Performance Share Units, PSUs, Stock Transactions, Form 4, SEC Filing, Vesting, Settlement, Reverse Stock Split
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