McConnell Michael J 4
4 · Powerfleet, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Powerfleet (AIOT) Director Michael McConnell Receives RSU Award
What Happened
Michael J. McConnell, a director of Powerfleet, Inc. (AIOT), was granted 24,396 restricted stock units (RSUs) on May 18, 2026. The reported transaction is an award (code A) with an acquisition price of $0.00, so there was no cash paid for the award and the immediate dollar value reported is $0. Each RSU represents a contingent right to one share of common stock upon vesting.
Key Details
- Transaction date: 2026-05-18; transaction type: Grant/Award (code A).
- Amount: 24,396 RSUs granted at $0.00 (reported value $0).
- Vesting: RSUs vest in full on the earlier of (x) the first anniversary of the grant date (May 18, 2027) or (y) the Company's next annual meeting of stockholders, provided McConnell remains a director on the vesting date (see footnote F1).
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filing date equals the report period (2026-05-18), indicating a timely report.
Context
RSUs are a form of compensation that convert to shares upon vesting; they are not an immediate market purchase or sale and therefore do not directly signal buying or selling intent. Director RSU grants are commonly used as routine compensation for board service. This disclosure is informational and does not indicate an immediate change in the insider’s cash position or a sale of shares.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-05-18+24,396→ 52,424 total
Footnotes (1)
- [F1]On May 18, 2026 (the "Grant Date"), the reporting person was granted 24,396 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as a director 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, upon vesting. Subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan, the RSUs vest in full on the earlier of (x) the first anniversary of the Grant Date and (y) the date of the Company's next annual meeting of stockholders, provided that the reporting person is serving as a director of the Company on such date.