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Mader Pamela S. reported acquisition or exercise transactions in this Form 4 filing.
Workhorse Group Inc. director Pamela S. Mader received an award of 30,484 shares of common stock in the form of restricted stock units. Of these, 25,000 RSUs will vest in one installment on the earlier of June 29, 2027 or the 2027 annual stockholder meeting, and 5,484 RSUs vested immediately on the grant date. After this award, she directly holds 30,624 shares.
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.
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.
Workhorse Group Inc. insider Lindsay A. Barnes, the company’s Chief Accounting Officer, has filed a Form 3 insider ownership report. The structured data shows no reported buy, sell, or derivative transactions and no derivative positions listed at the time of this initial filing.
Workhorse Group Inc. reported that Jody Davis, its Chief Financial Officer, is a reporting person on a Form 3 insider statement. The structured data list Davis as an officer and show no buy, sell, acquisition, disposition, or derivative transactions associated with this filing.
Workhorse Group Inc. reported leadership changes in its finance organization. As part of a previously disclosed transition tied to the Motiv Power Systems acquisition, Chief Financial Officer Robert M. Ginnan ceased serving as CFO on July 13, 2026 and will remain through July 17, 2026 to assist with the handover, with severance benefits determined under his amended employment agreement.
Effective July 13, 2026, the company appointed Jody Davis as Chief Financial Officer (Principal Financial Officer) and entered into an Executive Employment Agreement providing an initial base salary of $375,000 per year, a target bonus equal to 50% of base salary, and an inducement grant of 93,750 restricted stock units vesting annually over three years, subject to Board approval and continued service. Following a change of control, Mr. Davis may receive up to six months of combined base salary and target bonus plus accelerated vesting of unvested equity awards. Workhorse also appointed Lindsay A. Barnes as Chief Accounting Officer (Principal Accounting Officer), effective immediately, with no current change to her compensation.
Workhorse Group Inc. reported results of its 2026 annual stockholder meeting and approval of an updated equity incentive plan. Stockholders approved the Amended and Restated 2023 Long-Term Incentive Plan, adding 1,089,340 shares of common stock for potential equity awards.
As of the May 8, 2026 record date, there were 10,893,400 shares outstanding and entitled to vote, and 8,103,245 shares, or about 74.38%, were present or represented, providing a quorum. All seven director nominees were elected, executive compensation was approved on an advisory basis, and the appointment of Carr Riggs & Ingram, L.L.C. as independent auditors for 2026 was ratified.
Workhorse Group Inc. entered into Omnibus Amendment No. 2 to its existing credit agreements with Motive GM Holdings II LLC. The amendment increases the Cash Flow Credit Agreement commitment from $20,000,000 to $30,000,000 and defers interest payments on the additional $10,000,000 until the first Interest Payment Date after September 30, 2026. At the same time, the Customer Order Credit Agreement commitment is reduced from $30,000,000 to $20,000,000. As consideration for these changes, Workhorse is obligated to issue warrants to purchase equity interests in the company within 45 days of the amendment, or a later date if agreed with the lender.
Workhorse Group is asking stockholders to vote at its virtual 2026 annual meeting on June 29 on four items: electing seven directors, approving executive pay on an advisory basis, ratifying Carr, Riggs & Ingram as auditor for 2026, and approving an amended 2023 long‑term incentive plan.
In his letter, the CEO highlights the December 2025 merger with Motiv Electric Trucks, combining a Union City, Indiana plant capable of producing over 5,000 vehicles per year with Motiv’s EV powertrain expertise and customer relationships. Management targets a $20 million annualized cost‑synergy run rate by the end of 2026 and emphasizes that total cost of ownership for electric trucks is already favorable versus internal combustion engines.
The proxy describes recent 100‑vehicle orders from Purolator and Gateway Fleets, a plan to cut product costs via a next‑generation powertrain and modular chassis, and a new OEM‑scale customer support program with InCharge Energy. It also details governance structures, director and executive compensation, and change‑in‑control arrangements following the Motiv merger, under which Motive GM Holdings II LLC now owns about 60.9% of outstanding shares.