This is a routine compensation plan adoption with no immediate trading signal. Monitor future 10-Q or 10-K filings for actual bonus payouts and the company's progress against adjusted EBITDA and revenue targets.
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Executive Summary
Workhorse Group filed an 8-K to disclose the approval of a new Short-Term Incentive Plan (STIP) effective January 1, 2026, and to set 2026 target bonus opportunities for its named executive officers. The plan ties cash bonuses to adjusted EBITDA and revenue performance (each weighted 50%), with CEO, CFO, and EVP of Operations each receiving a target payout of 50% of base salary. This is a routine compensatory arrangement with no material financial impact disclosed, and no officer departures or appointments were involved.
Key Facts
- The Compensation Committee approved the Short-Term Incentive Plan (STIP) effective January 1, 2026.
- 2026 performance metrics for officers are adjusted EBITDA (50% weight) and revenue (50% weight).
- CEO Scott Griffith, CFO Jody Davis, and EVP Joshua Anderson each have a target payout of 50% of annual base salary for 2026.
- Actual payouts can range from 0% to 150% of target, depending on performance.
- No officer departures, appointments, or changes in employment were reported.
Financial Impact
No dollar amounts disclosed; target bonuses are expressed as a percentage of base salary (50% for each named officer).
Risk Factors
- No material risks identified from this filing; the plan is standard for executive compensation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-049382 |
| Document: wkhs-20260720.htm | 0001628280-26-049382 |
| Document: 0001628280-26-049382-index-headers.html | 0001628280-26-049382 |
| Document: 0001628280-26-049382-index.html | 0001628280-26-049382 |
| Document: 0001628280-26-049382.txt | 0001628280-26-049382 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 144 | $2.98 | awaiting T+60 | — | $2.54 (−14.77%) |
Jul 28, 2026 12w ago | 8-K | $2.97 $2.65 | ▼ −10.77% | ▼ −15.12% | $2.54 (−14.48%) |
Jul 23, 2026 13w ago | 8-K | $2.71 $2.66 | ▼ −1.84% | ▼ −5.57% | $2.54 (−6.27%) |
Jul 15, 2026 14w ago | Press Release | $2.61 | awaiting T+60 | — | $2.54 (−2.68%) |
Jul 13, 2026 15w ago | 8-K | $2.64 $2.94 | ▲ +11.36% | ▲ +7.99% | $2.54 (−3.79%) |
Jun 30, 2026 16w ago | 8-K | $2.94 $2.91 | ▼ −1.02% | ▼ −3.89% | $2.54 (−13.61%) |
Jun 17, 2026 18w ago | 8-K | $3.03 $2.99 | ▼ −1.32% | ▼ −3.21% | $2.54 (−16.17%) |
May 20, 2026 22w ago | DEFA14A | $3.17 $3.31 | ▲ +4.42% | ▲ +0.12% | $2.54 (−19.87%) |
May 6, 2026 24w ago | Press Release | $4.07 $3.05 | ▼ −25.06% | ▼ −27.12% | $2.54 (−37.59%) |
Apr 27, 2026 26w ago | 8-K | $2.42 $2.76 | ▼ −14.05% | ▼ −10.06% | $2.54 (−4.96%) |
US Market Status
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