Workhorse adopts 2026 short-term incentive plan with 50% salary bonus targets for CEO, CFO, EVP Ops

• Workhorse set a Short-Term Incentive Plan effective Jan. 1, 2026, tying annual cash payouts to adjusted EBITDA (50%) and revenue (50%).
• 2026 target bonus opportunities set at 50% of base salary for CEO Scott Griffith, CFO Jody Davis, EVP Operations Joshua Anderson.
• Payouts for 2026 performance can range from 0% to 150% of target, based on results.
• The compensation committee can revise targets or cancel an annual bonus before it is earned and vested.
• Eligibility generally requires employment on the payment date, with exceptions for death, disability, qualifying retirement, or a change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Workhorse Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-049382), on July 23, 2026, and is solely responsible for the information contained therein.