Workhorse adopts value creation incentive plan with $15 million CEO award target, $6.5 million CFO target

• Workhorse adopted a Value Creation Incentive Plan on Sept. 22, 2026, offering multi-year performance awards paid in cash or common stock.
• Performance periods generally run three to five years; CEO Scott Griffith, CFO Jody Davis received awards tied to an Oct. 1, 2026–Sept. 30, 2031 period.
• Target award set at $15 million for Griffith; $6.5 million for Davis.
• Payout depends on meeting milestones for annualized GAAP revenue, GAAP gross margin, operating cash flow, market capitalization; no above-target payouts per goal.
• Largest weighting is enterprise equity value at 40%, triggered by an average market cap of at least $500 million over 45 trading days.

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: 0001628280-26-063719), on September 28, 2026, and is solely responsible for the information contained therein.