Workhorse adopts value creation incentive plan with $15 million CEO award target, $6.5 million CFO target
Bitget2026/09/28 20:16- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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