Lehmann Offer 4
4 · PowerFleet, Inc. · Filed May 31, 2023
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
Lehmann Offer
Chief Operating Officer
Transactions
- Award
Common Stock, par value $0.01 per share
2023-05-26+32,000→ 32,000 total - Award
Employee Stock Options (right to buy)
2023-05-26+65,000→ 65,000 totalExercise: $3.13Exp: 2033-05-26→ Common Stock, par value $0.01 per share (65,000 underlying) - Award
Employee Stock Options (right to buy)
2023-05-26+130,000→ 130,000 totalExercise: $3.13Exp: 2033-05-26→ Common Stock, par value $0.01 per share (130,000 underlying)
Footnotes (3)
- [F1]On May 26, 2023 (the "Grant Date"), Offer Lehmann (the "Reporting Person") was granted 32,000 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 for his services as the Chief Operating Officer ("COO") 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 November 2, 2023, November 2, 2024, November 2, 2025 and November 2, 2026, provided that the Reporting Person is employed by the Company on each such date.
- [F2]On the Grant Date, the Reporting Person was granted options to purchase 65,000 shares of Common Stock in consideration for his services as the COO of the Company. Subject to the terms and conditions of a stock option award agreement, this award vests as to 25% of such options on each of November 2, 2023, November 2, 2024, November 2, 2025 and November 2, 2026, provided that the Reporting Person is employed by the Company on each such date.
- [F3]On the Grant Date, the Reporting Person was granted options to purchase 130,000 shares of Common Stock in consideration for his services as the COO of the Company. 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.