Workhorse Group (WKHS) grants director 30,484 RSUs with staged vesting
Rhea-AI Filing Summary
Chess Raymond Joseph reported acquisition or exercise transactions in this Form 4 filing.
Workhorse Group Inc. director Raymond Joseph Chess received a grant of 30,484 restricted stock units (RSUs) on July 17, 2026. Each RSU represents a contingent right to receive one share of common stock. Of this award, 25,000 RSUs vest in one installment on the earlier of June 29, 2027 and the date of the 2027 annual stockholder's meeting, while 5,484 RSUs vested immediately as of the grant date. Following the grant, his total direct holdings were 30,699.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,484 shares
Net Buy
1 txn
Insider
Chess Raymond Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.001 par value per share F1 | 30,484 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, $0.001 par value per share — 30,699 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. Of the RSUs reported, 25,000 will vest in one installment on the earlier of June 29, 2027 and the date of the Issuer's 2027 annual stockholder's meeting. The remaining 5,484 RSUs fully vested as of the date of grant.
Key Figures
RSUs granted: 30,484 units
RSUs vesting in future installment: 25,000 units
RSUs vested immediately: 5,484 units
+2 more
5 metrics
RSUs granted
30,484 units
Award to director Raymond Joseph Chess on July 17, 2026
RSUs vesting in future installment
25,000 units
Vest in one installment on the earlier of June 29, 2027 and the 2027 annual stockholder's meeting
RSUs vested immediately
5,484 units
Fully vested as of the grant date
Holdings after award
30,699 shares
Total direct holdings following the reported transaction
Reported transaction price per share
$0.0000
Grant of RSUs recorded with zero cash price per share
Key Terms
restricted stock units ("RSUs"), contingent right, vest
3 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
vest financial
"Of the RSUs reported, 25,000 will vest in one installment on the earlier of June 29, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did WKHS report for director Raymond Joseph Chess?
Workhorse Group reported that director Raymond Joseph Chess received 30,484 restricted stock units (RSUs) on July 17, 2026. Each RSU represents a contingent right to receive one share of Workhorse common stock, bringing his total direct holdings to 30,699 after the grant.
How do the 30,484 RSUs granted to the WKHS director vest?
Of the 30,484 RSUs granted to Raymond Joseph Chess, 25,000 vest in one installment on the earlier of June 29, 2027 and Workhorse’s 2027 annual stockholder's meeting. The remaining 5,484 RSUs fully vested as of the grant date.
How many Workhorse Group (WKHS) RSUs vested immediately for Raymond Joseph Chess?
Out of the 30,484 RSUs granted to Raymond Joseph Chess, 5,484 RSUs were fully vested as of the grant date. The balance of 25,000 RSUs remains unvested and is scheduled to vest in a single future installment, subject to the stated timing.
What are Raymond Joseph Chess’s direct holdings in WKHS after this RSU grant?
Following the grant of 30,484 RSUs, Raymond Joseph Chess directly held a total of 30,699 Workhorse equity interests reported as common stock. This figure reflects his position immediately after the July 17, 2026 award, as disclosed in the ownership table.
Was the WKHS director’s Form 4 transaction a market purchase?
No. The transaction for Raymond Joseph Chess was a grant of RSUs, not a market purchase. It was reported with transaction code “A” for a grant or award, and the transaction price per share was disclosed as $0.0000, indicating a compensation award.
What does each RSU granted to the WKHS director represent?
Each RSU granted to Raymond Joseph Chess represents a contingent right to receive one share of Workhorse Group common stock. This means the shares will be delivered only upon vesting, following the schedule defined for the 25,000 unvested and 5,484 vested units.