Form 4: Workhorse Group CFO Robert Ginnan Reports Stock Transaction
SEC Form 4 Filing
Robert Ginnan, CFO of Workhorse Group Inc., reports a transaction involving the relinquishment of common stock to cover tax withholding for previously granted restricted shares.
Summary
- On January 4, 2025, Robert M. Ginnan, the Chief Financial Officer of Workhorse Group Inc., relinquished 288 shares of common stock.
- This transaction was to cover estimated tax withholding for restricted shares that had previously been granted and were subject to vesting.
- The price per share was $0.85, based on the fair market value at the closing trading price on the vesting date.
- Following the transaction, Ginnan directly owns 16,616 shares of Workhorse Group Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 01/04/2025 | Date of stock transaction where 288 shares were relinquished to cover tax withholding. |
| 01/07/2025 | Date of signature for the Form 4 filing. |
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