Form 4: Workhorse Group CEO Richard Dauch Relinquishes Shares for Tax Withholding
SEC Form 4 Filing
Workhorse Group CEO Richard Dauch relinquished 1,245 shares of common stock to cover estimated tax withholding for previously granted restricted shares.
Summary
- On September 1, 2024, Richard F. Dauch, CEO of Workhorse Group Inc., relinquished 1,245 shares of common stock to cover estimated tax withholding for restricted shares that had vested.
- The shares were relinquished at a price of $0.68 per share, based on the fair market value of Workhorse's common stock on the vesting date.
- Following the transaction, Dauch beneficially owns 143,573 shares of Workhorse Group Inc.
- All amounts of securities reported in this Form 4 have been adjusted to reflect the 1-for-20 reverse split that took place on June 17, 2024.
Sentiment
Score: 5
Explanation: This is a neutral filing related to executive stock transactions and doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect a change in the company's overall financial health or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | The Company effected a 1-for-20 reverse split of the Company's common stock. |
| 09/01/2024 | Richard F. Dauch relinquished shares of common stock to cover estimated tax withholding. |
| 09/04/2024 | Date of signature for the SEC Form 4 filing. |
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