Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 618

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9C
Chunk 618
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 ended December 31, 2024
and 2023 in all capacities for our “named executive officers” which include: (i) all individuals serving as our principal
executive officer or acting in a similar capacity during the last completed fiscal year (“PEO”), regardless of compensation
level; (ii) our two most highly compensated executive officers other than the PEO who were serving as executive officers at the end of
the last completed fiscal year and whose total compensation for the last fiscal year exceeded $100,000; and (iii) up to two additional
individuals for whom disclosure would have been provided under (ii), except that the individual was not serving as an executive officer
of the company at the end of the last completed fiscal year.

Summary
Compensation Table  

    Name
    and Position 
    Fiscal
    Year
    Ended
    December 31,  
    Salary
    ($)  
    Stock
    
    Awards ($)  
    Stock
    Options ($)  
    Total
                                            ($) 
  
    Steven Rossi, Chief Executive
    Officer, President 
     2024  
     348,246(1) 
     -  
     1,067,227(3) 
     1,415,473 

     2023  
     374,470(2) 
     -  
     4,978,572(3) 
     5,353,042 

(1)
Steven Rossi’s gross salary in 2024 was $187,000 ($256,085 CAD), which includes his base compensation plus an 8% vacation payout
per paycheck. He additionally received $159,527 in consulting fees. He also received contributions towards health, dental, and
vision coverage equaling $1,719 ($2,354 CAD) in the same year. The payments were made in CAD, of which was converted to USD using the
2024 average exchange rate of 0.730228.

(2)
Steven Rossi’s gross salary in 2023 was $327,998 ($442,615 CAD), which includes his base compensation plus an 8% vacation payout
per paycheck. He additionally received $45,786 ($61,786 CAD) in vacation payouts accrued prior to 2023. He also received contributions
towards health, dental, and vision coverage equaling $686 ($926 CAD) in the same year. The payments were made in CAD, of which