Towe Steven Mark 4

What Happened Steven Towe, Chief Executive Officer of Powerfleet, Inc. (AIOT), was granted a total of 580,635 restricted stock units (RSUs) on February 25, 2026. The grant consists of 193,545 time‑based RSUs and 387,090 performance‑based RSUs. Each RSU is a contingent right to one share of common stock; the reported acquisition price is $0.00 (these are awards, not open‑market purchases).

Key Details

• Transaction date: February 25, 2026. Transaction code: A (award/grant).
• Shares granted: 193,545 time‑based RSUs and 387,090 performance‑based RSUs (total target = 580,635 RSUs).
• Price: $0.00 per RSU (awarded, not purchased). No immediate cash exchanged.
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Notable footnotes:
  • Time‑based RSUs vest in equal installments over three years, subject to continued employment (F1).
  • Performance RSUs are target awards; actual payout ranges from 0% to 167% of target depending on achievement of specified performance criteria (F2).
• Filing timeliness: No late‑filing indication in the provided data.

Context RSU grants are a common form of executive compensation and do not represent an immediate sale or purchase of stock—value is realized only if and when RSUs vest and convert to shares. The performance‑based portion means final shares received could be lower or higher than the target depending on company performance; the time‑based portion vests over three years conditional on continued employment.