Form 4: Workhorse Group Inc. Executive James D. Harrington Reports Stock Transactions After Vesting
SEC Form 4 Filing
James D. Harrington, General Counsel of Workhorse Group Inc., reports stock transactions related to vesting restricted stock units, including the acquisition of shares and relinquishment for tax withholding.
Summary
- On February 22, 2025, James D. Harrington, General Counsel of Workhorse Group Inc., engaged in transactions involving Workhorse common stock and restricted stock units (RSUs).
- Harrington acquired 1,183 shares of common stock upon the vesting of RSUs.
- He also relinquished 414 shares to cover estimated tax withholding related to previously granted RSUs.
- Following these transactions, Harrington directly owns 2,013 shares of Workhorse common stock and 2,366 restricted stock units.
- All amounts of securities and price information 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, with no inherent positive or negative sentiment. It's a factual report of insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's a standard practice for publicly traded companies and their officers.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Workhorse Group Inc. effected a 1-for-20 reverse split of the Company's common stock. |
| 02/22/2025 | Date of the reported transactions: vesting of RSUs and relinquishment of shares for tax withholding. |
| 03/17/2025 | The Company effected a 1-for-12.5 reverse split of the Company's common stock. |
| 04/28/2025 | Date of signature on the Form 4 filing. |
Keywords
Workhorse Group, James D. Harrington, Form 4, SEC, Stock Transactions, Restricted Stock Units, WKHS, Insider Trading
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