Ingram Melissa Rose 4
4 · Powerfleet, Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Powerfleet (AIOT) CDO Melissa Ingram Receives RSU Award
What Happened
Melissa Rose Ingram, Powerfleet, Inc.'s Chief Corporate Development Officer, received two restricted stock unit (RSU) awards on February 25, 2026: 85,160 time‑based RSUs and 170,319 performance‑based RSUs (target). Each RSU represents a contingent right to one share of Powerfleet common stock. The grants were reported at $0.00 per share (standard for equity awards) — total grant value is not shown in cash terms on the Form 4.
Key Details
- Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely filing).
- Awards: 85,160 RSUs (time‑based) and 170,319 performance RSUs (target). Combined target RSUs = 255,479.
- Price: $0.00 per RSU (award/grant).
- Vesting: Time‑based RSUs vest in equal installments over three years, subject to continued employment. Performance RSUs vest based on company performance; actual payout can range from 0% to 167% of the target number. (See footnotes F1 & F2 in the filing for details.)
- Shares owned after transaction: Not disclosed in this Form 4.
- No 10b5‑1 plan, cashless exercise, tax‑withholding sale, or gift was reported in this filing — these awards are compensation grants.
Context
RSU grants are a form of compensation, not an open‑market purchase or sale. Time‑based RSUs reward continued service; performance RSUs tie payout to company targets. Because these are awards, they do not directly signal insider buying or selling activity, though investors track grants to see executive compensation and incentives.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-02-25+85,160→ 346,834 total - Award
Common Stock, par value $0.01 per share
[F2]2026-02-25+170,319→ 517,153 total
Footnotes (2)
- [F1]On February 25, 2026 (the "Grant Date"), the reporting person was granted 85,160 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration for her services as the Chief Corporate Development Officer of Powerfleet, Inc. (the "Company"). Each RSU represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share ("Common Stock"), upon vesting. Subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan, the RSUs vest in equal installments over a three-year period, provided that the reporting person is employed by the Company on each applicable vesting date.
- [F2]On the Grant Date, the reporting person was granted 170,319 performance-based RSUs under the 2018 Plan in consideration for her services as the Chief Corporate Development Officer of the Company. Each RSU represents a contingent right to receive one share of Common Stock upon vesting. The number of RSUs reported represents the target number of RSUs that may be earned by the reporting person. Subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan, the actual number of RSUs earned by the reporting person ranges from 0% and 167% of the target number based upon the achievement by the Company of certain performance criteria.