Workhorse adopts value creation incentive plan with $15 million CEO award target, $6.5 million CFO target
WKHS•Workhorse adopted a multi-year incentive plan with target awards of $15 million for CEO Scott Griffith and $6.5 million for CFO Jody Davis. Their awards cover Oct. 1, 2026, through Sept. 30, 2031, and depend on performance milestones.
1. Plan targets and milestones
Workhorse adopted the Value Creation Incentive Plan on Sept. 22, 2026, with awards payable in cash or common stock. Griffith’s and Davis’s target awards are tied to milestones for annualized GAAP revenue, GAAP gross margin, operating cash flow and market capitalization; enterprise equity value has the largest weighting, at 40%, and requires an average market capitalization of at least $500 million over 45 trading days.
