WILSON DAVID 4

What Happened

• David Wilson, Chief Financial Officer of Powerfleet, was granted a total of 290,317 restricted stock units (RSUs) on February 25, 2026: 96,772 time‑based RSUs and 193,545 performance‑based RSUs. Each RSU is a contingent right to one share of common stock; the reported acquisition price is $0.00 because these are awards, not cash purchases.

Key Details

• Transaction date and price: Feb 25, 2026; both grants reported at $0.00 per share.
• Share counts: 96,772 time‑based RSUs; 193,545 performance‑based RSUs; total = 290,317 RSUs.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: time‑based RSUs vest in equal installments over three years, subject to continued employment. Performance RSUs are reported at the target amount (193,545) and may pay out between 0% and 167% of target depending on achievement of specified performance goals.
• Filing timeliness: Form 4 filed Feb 27, 2026 (no late‑filing flag in the report).

Context

• RSU awards are compensation and represent future delivery of shares if vesting and performance conditions are met; they are not open‑market purchases or sales. Performance RSUs may result in more or fewer shares than the target if performance thresholds vary; time‑based RSUs require continued employment to vest.