Powerfleet (AIOT) President & CFO Paul Lalljie Receives Award

What Happened

• Paul S. Lalljie, who was appointed President and Chief Financial Officer of Powerfleet, was granted two equity awards on August 11, 2026: 225,000 restricted stock units (RSUs) and 225,000 performance-based RSUs (PSUs), for a total target award of 450,000 units. The Form 4 reports an acquisition price of $0.00 because these are compensation awards, not market purchases.
• The RSUs vest in equal installments on each of the first three anniversaries of the grant date, subject to continued employment. The PSUs are performance-based with a performance period ending March 31, 2029 and may pay out between 0% and 150% of the 225,000 target units depending on the company’s stock-price performance and continued employment through the period.

Key Details

• Transaction date: August 11, 2026; transaction code: A (award/grant); reported price: $0.00 per unit.
• Award amounts: 225,000 RSUs (time-vested) + 225,000 PSUs (performance-based target) = 450,000 units total.
• Vesting: RSUs — equal annual installments over 3 years; PSUs — payout (0–150% of target) after performance period ending 3/31/2029, contingent on continued employment.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 describes RSU vesting schedule; F2 describes PSU performance metrics and payout range. Remarks confirm Paul S. Lalljie is President & CFO.
• Filing timeliness: Reported with period of report = grant date (8/11/2026); not noted as late.

Context

• These grants are compensation, not open-market purchases or sales; they do not reflect an immediate cash investment or disposition by the insider.
• PSUs are contingent awards tied to future stock-price performance and may result in 0% to 150% of the target shares at vesting; continued employment through the performance/vesting dates is required to realize value.