Company: WKSP
Filing Date: 2025-10-20
Form Type: PRE 14A
Source: 0001493152-25-018681
Chunk: 24

Company: Worksport Ltd
Filing Date: 2025-10-20
Form: PRE 14A
Chunk 24
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 converted to USD using the 2023 average exchange rate of 0.741045.

(9) Lorenzo Rossi’s gross compensation in 2024 was $211,814 ($290,065 CAD). He additionally received contributions towards health, dental, and vision coverage equaling $3,138 ($4,297 CAD) in the same year. The payments were made in CAD, which was converted to USD using the 2024 average exchange rate of 0.730228.

(10) We accrued 57,488 USD ($78,726 CAD) in compensation for Lorenzo Rossi during the year ended December 31, 2024 that was later paid to him in 2025. The deferred compensation was tracked in CAD, which was converted to USD using the 2024 average exchange rate of 0.730228.

(11) Lorenzo Rossi’s gross compensation in 2023 was $270,824 ($365,462 CAD). He additionally received contributions towards health, dental, and vision coverage equaling $1,451 ($1,958 CAD) in the same year. The payments were made in CAD, of which was converted to USD using the 2023 average exchange rate of 0.741045.

Employment Agreements

We entered into an employment agreement with Steven Rossi, our Chief Executive Officer, effective May 10, 2021 (the “Employment Agreement”). Details of the Employee Agreement were filed as an exhibit (Exhibit 10.1) to the Company’s Form 8-K filed on 05/12/2021.

Consulting Agreements

The employment agreement previously entered into with Steven Rossi, our Chief Executive Officer, effective May 10, 2021, was terminated on July 23, 2024 and replaced with a consulting agreement (the “Consulting Agreement”). The term of the Consulting Agreement commenced on July 23, 2024 (the “Effective Date”) and continues indefinitely. Other details of the Consulting Agreement were filed as an exhibit (Exhibit 10.1) to the Company’s Form 8-K filed on 07/26/2024.

The table below set forth the outstanding equity awards held by our named executive officers at of December 31, 2024.

OUTSTANDING EQUITY AWARDS AT DECEMBER 31, 2024

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