Form 4: Workhorse Group Executive James Peters Reports Stock Transactions Following PSU Vesting
SEC Form 4
James Peters, VP of Supply Chain Management at Workhorse Group, reports the vesting and settlement of Performance Share Units (PSUs) and subsequent stock transactions.
Summary
- On April 17, 2025, James Peters, VP of Supply Chain Management at Workhorse Group Inc., reported transactions involving common stock and Performance Share Units (PSUs).
- The PSUs, granted on February 23, 2022, vested on April 17, 2025, upon achievement of certain performance incentives and were settled in cash based on the fair market value of Workhorse's common stock.
- Peters acquired 100 shares of common stock through the vesting of PSUs and disposed of 100 shares at a price of $1.31.
- Following these transactions, Peters beneficially owns 470 shares of Workhorse Group Inc.
- All amounts of securities reported in the Form 4 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 stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 23, 2022 | Performance Share Units (PSUs) were granted to James Peters. |
| June 17, 2024 | Workhorse Group effected a 1-for-20 reverse split of the Company's common stock. |
| December 31, 2024 | Date Exercisable and Expiration Date of Performance Share Units |
| March 17, 2025 | Workhorse Group effected a 1-for-12.5 reverse split of the Company's common stock. |
| April 17, 2025 | Performance Share Units (PSUs) vested and settled in cash; stock transactions occurred. |
| April 21, 2025 | Date of signature on the Form 4 filing. |
Keywords
Workhorse Group, James Peters, Form 4, PSU, Performance Share Units, Stock Transaction, Beneficial Ownership, Reverse Stock Split
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