Form 4: Workhorse Group VP James Peters Reports Stock Transaction
SEC Form 4
James Peters, VP of Supply Chain Management at Workhorse Group Inc., reports a transaction involving common stock to cover tax withholding for restricted shares.
Summary
- On October 1, 2024, James Peters, VP of Supply Chain Management at Workhorse Group Inc., relinquished 57 shares of common stock to cover estimated tax withholding for restricted shares.
- The price per share was $0.75, based on the fair market value of Workhorse Group's common stock on the vesting date.
- Following the transaction, Peters beneficially owns 6,593 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 took place on June 17, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares relinquished for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 17, 2024 | The Company effected a 1-for-20 reverse split of the Company's common stock. |
| October 01, 2024 | James Peters relinquished 57 shares of common stock to cover estimated tax withholding. |
| October 03, 2024 | Date of signature for the Form 4 filing. |
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