Form 4: Workhorse Group Executive Gaul Exercises Performance Share Units
SEC Form 4
Ryan Wesley Gaul, President of Commercial Vehicles at Workhorse Group, exercised performance share units and sold a portion of the resulting shares on April 17, 2025.
Summary
- Ryan Wesley Gaul, President, Commercial Vehicles of Workhorse Group Inc., executed transactions involving company stock on April 17, 2025.
- Gaul exercised Performance Share Units (PSUs) granted on February 23, 2022, which vested upon achievement of certain performance incentives.
- The PSUs settled in cash based on the fair market value of Workhorse's common stock.
- Gaul acquired 200 shares of common stock upon exercising the PSUs at a price of $0.
- Simultaneously, Gaul disposed of 200 shares at a price of $1.31.
- Following these transactions, Gaul directly owns 877 shares of Workhorse Group Inc.
- All share amounts have been adjusted to reflect a cumulative 1-for-250 reverse stock split.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's a standard practice for publicly traded companies and their officers.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-02-23 | Date Performance Share Units (PSUs) were granted to Ryan Wesley Gaul. |
| 2024-06-17 | Date of the 1-for-20 reverse stock split. |
| 2024-12-31 | Expiration date of the Performance Share Units. |
| 2025-03-17 | Date of the 1-for-12.5 reverse stock split. |
| 2025-04-17 | Date of the transaction: exercise of PSUs and sale of shares. |
| 2025-04-21 | Date of signature on the Form 4 filing. |
Keywords
Workhorse Group, Ryan Wesley Gaul, Performance Share Units, Stock Transaction, Form 4, Reverse Stock Split, Insider Trading
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