Workhorse adopts 2026 STIP with adjusted EBITDA and revenue metrics; CEO target 50% of base salary

Workhorse Group Inc.

STIP effective Jan 1, 2026; performance metrics: adjusted EBITDA (50%) and revenue (50%).
CEO Scott Griffith target payout: 50% of base salary; CFO Jody Davis 50%; EVP Joshua Anderson 50%.
Actual payouts range from 0% to 150% of target based on performance level achieved.
Committee retains authority to amend or cancel bonuses before earned and vested.
Plan subject to clawback policy; payment requires employment on payment date except for death, disability, retirement.

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