4/A: Workhorse Group VP Stanley March Amends SEC Filing to Correct Tax Withholding Details

Stanley March, VP of Corporate Development at Workhorse Group, files an amended SEC Form 4 to correct the number of shares withheld for tax liability related to a February 22nd transaction.

Summary

• Stanley Raymond March, VP of Corporate Development at Workhorse Group Inc., filed an amended Form 4 with the SEC on April 23, 2024.
• The amendment corrects an error in the original Form 4 filed on February 26, 2024, regarding the number of shares withheld to cover Mr. March's tax liability for a transaction on February 22, 2024.
• On February 22, 2024, 1,541 shares of common stock were relinquished to Workhorse Group to cover estimated tax withholding for restricted shares previously granted.
• The stock price for this transaction was $0.2852 per share, based on the fair market value at the closing trading price on the vesting date.
• Following the reported transaction, Mr. March beneficially owns 671,569 shares directly and 67,000 shares indirectly through an IRA.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to insider transactions and is specific to Workhorse Group and its executive, Stanley March. It doesn't provide significant insight into broader industry trends.

Key Dates