4//SEC Filing
WILSON DAVID 4
Accession 0001493152-23-000829
CIK 0001774170other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:06 PM ET
Size
10.5 KB
Accession
0001493152-23-000829
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
WILSON DAVID
Chief Financial Officer
Transactions
- Award
Employee Stock Options (right to buy)
2023-01-04+275,000→ 275,000 totalExercise: $3.00Exp: 2033-01-04→ Common Stock, par value $0.01 per share (275,000 underlying) - Award
Common Stock, par value $0.01 per share
2023-01-04+75,000→ 75,000 total - Award
Employee Stock Options (right to buy)
2023-01-04+130,000→ 130,000 totalExercise: $3.00Exp: 2033-01-04→ Common Stock, par value $0.01 per share (130,000 underlying)
Footnotes (3)
- [F1]On January 4, 2023 (the "Grant Date"), David Wilson (the "Reporting Person") was granted 75,000 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his appointment as the Chief Financial Officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.
- [F2]On the Grant Date, as an inducement material to the Reporting Person's entering into employment with the Company, the Reporting Person was granted options to purchase 130,000 shares of Common Stock. Subject to the terms and conditions of a stock option award agreement, this award vests as to 25% of such options on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.
- [F3]On the Grant Date, as an inducement material to the Reporting Person's entering into employment with the Company, the Reporting Person was granted options to purchase 275,000 shares of Common Stock. Subject to the terms and conditions of a stock option award agreement, this award vests in full if the volume weighted average price of the Common Stock during a consecutive 60 trading day period reaches $12.00 per share, provided that the Reporting Person is employed by the Company on such date.
Documents
Issuer
PowerFleet, Inc.
CIK 0001774170
Entity typeother
Related Parties
1- filerCIK 0001282478
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:06 PM ET
- Size
- 10.5 KB