Form 4: Workhorse Group Inc. Executive James Peters Reports Stock Transactions
SEC Form 4
James Peters, VP of Supply Chain Management at Workhorse Group Inc., reports the relinquishment of shares to cover tax withholding for previously granted restricted shares.
Summary
- On February 22 and 23, 2025, James Peters, VP of Supply Chain Management at Workhorse Group Inc., relinquished shares of common stock to cover estimated tax withholding for restricted shares previously granted.
- A total of 161 shares were relinquished on February 22, 2025, and 326 shares were relinquished on February 23, 2025.
- The price per share for both transactions was $0.4868, based on the fair market value of Workhorse Group Inc.'s common stock on the vesting date.
- Following these transactions, Peters directly owns 5,873 shares of Workhorse Group Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions for tax purposes. It doesn't inherently indicate 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 transactions have a minimal direct impact on shareholders, as they relate to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Date of first reported transaction: relinquishment of 161 shares of common stock. |
| 02/23/2025 | Date of second reported transaction: relinquishment of 326 shares of common stock. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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