Steven Mark Towe - Sep 9, 2023 Form 4 Insider Report for PowerFleet, Inc. (PWFL)

Role: Chief Executive Officer, Director
Signature: /s/ Steve Towe
Stock symbol: PWFL
Transactions as of: Sep 9, 2023
Transactions value $: $0
Form type: 4
Date filed: 9/12/2023, 06:00 PM
Previous filing: Mar 16, 2022
Next filing: May 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PWFL	Common Stock, par value $0.01 per share	Award	$0	+900K	+388.34%	$0.00	1.13M	Sep 9, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 9, 2023 (the "Grant Date"), Steve Towe (the "Reporting Person") was granted 900,000 restricted shares of common stock, par value $0.01 per share, of PowerFleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration for his services as the Chief Executive Officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.

Content

On September 9, 2023 (the "Grant Date"), Steve Towe (the "Reporting Person") was granted 900,000 restricted shares of common stock, par value $0.01 per share, of PowerFleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration for his services as the Chief Executive Officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests as to 25% of such shares on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.