McConnell Michael J 4

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.