Form 4: Workhorse Group Executive Stanley March Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Stanley Raymond March, VP of Corporate Development at Workhorse Group, reports the vesting and cash settlement of Performance Share Units (PSUs) and subsequent stock transactions.
Summary
- On April 17, 2025, Stanley Raymond March, VP of Corporate Development at Workhorse Group Inc., reported transactions related to Performance Share Units (PSUs).
- The PSUs, granted on December 17, 2021, and February 23, 2022, vested upon achievement of certain performance incentives and were settled in cash based on the fair market value of Workhorse's common stock.
- The reporting person disposed of 80 shares at $0 and 104 shares at $0 related to PSU vesting.
- The reporting person disposed of 80 shares at $1.31 and 104 shares at $1.31.
- All amounts of securities reported in this Form 4 have been adjusted to reflect the cumulative 1-for-250 reverse split.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
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.
- The transactions may have a minor impact on the stock price due to the sale of shares.
Key Dates
| Date | Description |
|---|---|
| December 17, 2021 | Performance Share Units (PSUs) granted to the reporting person. |
| February 23, 2022 | Performance Share Units (PSUs) granted to the reporting person. |
| June 17, 2024 | Workhorse Group effected a 1-for-20 reverse split of its common stock. |
| December 31, 2024 | Date exercisable and expiration date for Performance Share Units. |
| March 17, 2025 | Workhorse Group effected a 1-for-12.5 reverse split of its common stock. |
| April 17, 2025 | PSUs vested and settled in cash; reporting person's stock transactions. |
| April 21, 2025 | Date of signature on the Form 4 filing. |
Keywords
Workhorse Group, Stanley Raymond March, Form 4, Performance Share Units, PSUs, Stock Transactions, Vesting, Cash Settlement, Reverse Stock Split
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