WKHS.NASDAQWorkhorse Group INC

Form 4: Workhorse Group Inc. General Counsel James D. Harrington Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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James D. Harrington, General Counsel of Workhorse Group Inc., reports a transaction involving the relinquishment of shares to cover tax withholding for vested restricted shares.

Summary

  • On September 15, 2024, James D. Harrington, General Counsel of Workhorse Group Inc., relinquished 247 shares of common stock to cover estimated tax withholding for previously granted restricted shares.
  • The transaction was executed at a price of $0.68 per share.
  • Following the transaction, Harrington beneficially owns 17,212 shares of Workhorse Group Inc.
  • All amounts of securities reported in this Form 4 have been adjusted to reflect the 1-for-20 reverse split that occured on June 17, 2024.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and doesn't indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it involves a small number of shares relinquished for tax purposes.

Key Dates

DateDescription
June 17, 2024Workhorse Group Inc. effected a 1-for-20 reverse split of the Company's common stock.
September 15, 2024James D. Harrington relinquished 247 shares of common stock to cover estimated tax withholding.
September 16, 2024Date of signature for the Form 4 filing.

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