Form 4: Workhorse Group CFO Robert Ginnan Reports Stock Relinquishment for Tax Obligations
SEC Form 4 Filing
Workhorse Group's CFO, Robert Ginnan, relinquished shares to cover tax withholding obligations related to previously granted restricted shares.
Summary
- On February 22 and 23, 2025, Robert M. Ginnan, the Chief Financial Officer of Workhorse Group Inc., relinquished shares of common stock to cover estimated tax withholding for restricted shares previously granted.
- A total of 1,029 shares were relinquished on February 22, 2025, and 800 shares on February 23, 2025.
- The price per share for both transactions was $0.4868, based on the fair market value of Workhorse Group's common stock on the vesting date.
- Following these transactions, Ginnan directly owns 14,787 shares of Workhorse Group Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment towards the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, and doesn't necessarily reflect broader industry trends.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Robert Ginnan relinquished 1,029 shares of Workhorse Group Inc. common stock to cover tax withholding. |
| 02/23/2025 | Robert Ginnan relinquished 800 shares of Workhorse Group Inc. common stock to cover tax withholding. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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