Form 4: Workhorse Group Inc. Executive John Wesley Graber Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
John Wesley Graber, President of Aerospace at Workhorse Group Inc., disposed of 2,136 shares of common stock to cover tax withholding obligations related to previously granted restricted shares.
Summary
- On April 20, 2024, John Wesley Graber, President of Aerospace at Workhorse Group Inc., disposed of 2,136 shares of common stock.
- The disposal was to cover estimated tax withholding for restricted shares previously granted to Mr. Graber.
- The price per share was $0.1613, based on the fair market value of Workhorse Group Inc.'s common stock on the vesting date.
- Following the transaction, Mr. Graber still beneficially owns 705,736 shares of Workhorse Group Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a standard transaction for tax purposes and doesn't indicate a significant change in the executive's position or the company's outlook.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/20/2024 | Date of stock disposal transaction. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.