Workhorse Group (WKHS) awards 30,484 restricted stock units to board director
Rhea-AI Filing Summary
Henricks Alan S. reported acquisition or exercise transactions in this Form 4 filing.
Workhorse Group Inc. granted director Alan S. Henricks 30,484 restricted stock units (RSUs), each representing one share of common stock. Of these, 25,000 RSUs vest in one installment on the earlier of June 29, 2027 or the 2027 annual stockholder's meeting, with shares delivered July 17, 2028 or upon an earlier change in control, while 5,484 RSUs vested immediately on the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 30,484 shares
Net Buy
1 txn
Insider
Henricks Alan S.
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 — 30,484 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, and the vested shares will be delivered to the Reporting Person on July 17, 2028 or in connection with any earlier change in control of the Issuer. The remaining 5,484 RSUs fully vested as of the date of grant.
Key Figures
RSUs granted: 30,484 units
RSUs vesting 2027: 25,000 units
Immediately vested RSUs: 5,484 units
+3 more
6 metrics
RSUs granted
30,484 units
Restricted stock units granted to director Alan S. Henricks
RSUs vesting 2027
25,000 units
Vest in one installment on earlier of June 29, 2027 and 2027 annual stockholder's meeting
Immediately vested RSUs
5,484 units
Fully vested as of the date of grant
Share delivery date
July 17, 2028
Delivery date for shares from 25,000 RSUs, absent earlier change in control
Transaction price per share
$0.0000
Grant of RSUs with no cash price per share
Holdings after grant
30,484 units
Total RSU-based common stock position reported after the transaction
Key Terms
restricted stock units, contingent right, change in control
3 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
change in control financial
"delivered to the Reporting Person on July 17, 2028 or in connection with any earlier change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Alan S. Henricks receive in this WKHS insider transaction?
Alan S. Henricks received 30,484 restricted stock units (RSUs) from Workhorse Group Inc., each RSU representing a contingent right to receive one share of the company’s common stock, subject to the vesting and delivery schedule described in the award terms.
How many WKHS RSUs for Alan S. Henricks vest later and on what schedule?
25,000 RSUs for Alan S. Henricks will vest in a single installment on the earlier of June 29, 2027 and the date of Workhorse Group’s 2027 annual stockholder's meeting, with the related shares delivered on July 17, 2028 or upon an earlier change in control.
How many WKHS RSUs vested immediately for Alan S. Henricks?
Out of the total award, 5,484 RSUs granted to Alan S. Henricks fully vested as of the grant date. These already-vested units still represent rights to receive common shares, with actual share delivery governed by the terms of the award agreement.
What does each WKHS restricted stock unit (RSU) granted to Alan S. Henricks represent?
Each RSU granted to Alan S. Henricks represents a contingent right to receive one share of Workhorse Group common stock. Actual receipt of shares depends on the RSUs vesting and the specified delivery date or any earlier change in control event.
What is Alan S. Henricks’ total WKHS equity position from this RSU grant?
Following this award, Alan S. Henricks holds 30,484 RSUs, corresponding to rights to receive the same number of Workhorse Group common shares, combining both immediately vested units and those scheduled to vest in 2027 under the grant’s vesting provisions.