Form 4: Workhorse Director Granted 60,607 Restricted Stock Units

Workhorse Group Inc. director William G. Quigley III was granted 60,607 restricted stock units, vesting in February 2026.

Summary

• William G. Quigley III, a Director of Workhorse Group Inc. (WKHS), was granted 60,607 Restricted Stock Units (RSUs).
• The transaction date for this grant was August 18, 2025.
• Each RSU represents a contingent right to receive one share of Workhorse Group Inc. common stock.
• The RSUs are scheduled to vest on February 18, 2026.
• Upon vesting, the RSUs may be settled in cash at the discretion of the Company's Board of Directors.
• The reporting person's beneficial ownership following this transaction is 60,607 derivative securities (RSUs).

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a routine compensation disclosure, the grant of RSUs to a director aligns their interests with shareholders, which is generally viewed favorably as it incentivizes long-term performance.

Positives

• The grant of Restricted Stock Units to a director aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.

Future Outlook

The filing indicates a future vesting event for the granted Restricted Stock Units on February 18, 2026, at which point they may be settled in common stock or cash at the Board's discretion.

Industry Context

This filing is a routine disclosure of director compensation in the form of equity, common across publicly traded companies in various industries, including the electric vehicle and last-mile delivery sector where Workhorse Group operates.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) is a standard form of equity compensation for directors in publicly traded companies, aligning their incentives with long-term shareholder value.
• The specific number of units granted (60,607) would typically be evaluated against peer company director compensation packages, considering the company's market capitalization and performance, though such comparative data is not provided in this filing.

Related Party Transactions

• The grant of Restricted Stock Units to William G. Quigley III, a Director, constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value, as the value of the RSUs is tied to the company's stock price performance.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The 60,607 Restricted Stock Units are scheduled to vest on February 18, 2026.

Key Dates

Keywords

Workhorse Group Inc., WKHS, Restricted Stock Units, RSUs, Director Compensation, Equity Grant, SEC Form 4, Insider Transaction