Form 4: Workhorse Group CFO Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Robert M. Ginnan, CFO of Workhorse Group Inc., reports acquisition and disposal of common stock and restricted stock units to cover tax obligations following vesting.
Summary
- On February 22, 2025, Robert M. Ginnan, the Chief Financial Officer of Workhorse Group Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
- These transactions include the acquisition of 1,262 shares of common stock upon the vesting of RSUs and the disposal of 438 shares to cover estimated tax withholding.
- Following these transactions, Ginnan directly owns 2,007 shares of common stock and 2,524 restricted stock units.
- All amounts of securities and price information reported in this Form 4 have been adjusted to reflect the cumulative 1-for-250 reverse split.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's overall financial health.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Workhorse Group Inc. effected a 1-for-20 reverse split of the Company's common stock. |
| 02/22/2025 | Date of the reported transactions involving common stock and restricted stock units. |
| 03/17/2025 | The Company effected a 1-for-12.5 reverse split of the Company's common stock. |
| 04/28/2025 | Date of signature on the Form 4 filing. |
Keywords
Workhorse Group Inc., Robert M. Ginnan, CFO, Form 4, Stock Transactions, Restricted Stock Units, Reverse Stock Split, Beneficial Ownership
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