Form 4: Workhorse Group Executive Ryan Gaul Relinquishes Shares for Tax Obligations
SEC Form 4 Filing
Ryan Wesley Gaul, President of Commercial Vehicles at Workhorse Group Inc., relinquished 2,040 shares of common stock to cover estimated tax withholding for previously granted restricted shares.
Summary
- On April 22, 2024, Ryan Wesley Gaul, President of Commercial Vehicles at Workhorse Group Inc., relinquished 2,040 shares of common stock to cover estimated tax withholding for previously granted restricted shares.
- The transaction was executed at a price of $0.158 per share.
- Following the transaction, Gaul directly owns 1,053,688 shares of Workhorse Group Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations on vested stock, and does not indicate a positive or negative outlook for the company.
Industry Context
This is a standard transaction for executives who receive stock as part of their compensation. It is common for companies to withhold shares to cover the tax obligations associated with the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of the transaction where Ryan Wesley Gaul relinquished shares. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
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