Company: WKSP
Filing Date: 2025-10-31
Form Type: DEF 14A
Source: 0001493152-25-020401
Chunk: 22

Company: Worksport Ltd
Filing Date: 2025-10-31
Form: DEF 14A
Chunk 22
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 |    70,000 |
|                                                  |     |              | 2023 |     |        | 177,531 |  -7)(8 |     |        | - |     |               |         - |     |     |           |   177,531 |
| Lorenzo Rossi, President of Terravis Energy      |     |              | 2024 |     |        | 272,440 | -9)(10 |     |        | - |     |               |         - |     |     |           |   272,440 |
|                                                  |     |              | 2023 |     |        | 272,275 |    -11 |     |        | - |     |               |         - |     |     |           |   272,275 |

(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) During the year ended December 31, 2024, Steven Rossi earned a $150,000
bonus that was accrued and later paid out during 2025.

(3) 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 was converted to USD using the 2023 average exchange rate of 0.741045.

(4) On July 26, 2024, the exercise price of certain stock options was updated. The incremental fair values at the date of modification were $10,500 and $29,800 for 5,000 NQSOs granted on July 21, 2023 and 10,000 NQSOs granted on August 6, 2021, respectively. The remaining stock options with updated exercise prices did not