On September 22, 2026, Workhorse Group Inc.'s Board adopted the Value Creation Incentive Plan (VCIP) and approved performance awards for CEO Scott Griffith and CFO Jody Davis. The target award amounts are $15 million for Griffith and $6.5 million for Davis, payable in cash or stock upon achieving specific milestones over a five-year period ending September 30, 2031. Performance goals include reaching at least $75 million in annualized GAAP revenue for two consecutive quarters, positive gross margin, positive operating cash flow, and an average market capitalization of at least $500 million over any 45-trading day period. The company operates in the electric vehicle and advanced manufacturing industry.
