DAVID WILSON - 30 Mar 2025 Form 4 Insider Report for Powerfleet, Inc. (AIOT)

Role: Chief Financial Officer
Signature: /s/ David Wilson
Issuer symbol: AIOT
Transactions as of: 30 Mar 2025
Transactions value $: $0
Form type: 4
Filing time: 01 Apr 2025, 21:24:02 UTC
Previous filing: 10 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIOT	Common Stock, par value $0.01 per share	Award	$0	+87.2K	+172.26%	$0.00	138K	30 Mar 2025	Direct	F1
transaction	AIOT	Common Stock, par value $0.01 per share	Award	$0	+174K	+126.54%	$0.00	312K	30 Mar 2025	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 30, 2025, David Wilson (the "Reporting Person") was granted 87,169 restricted shares of common stock, par value $0.01 per share ("Common Stock"), 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 Financial Officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests in equal installments over a three-year period, provided that the Reporting Person is employed by the Company on each such date.
F2	The number of shares represents the target number of shares that may be earned by the Reporting Person based on achievement by the Company of certain performance criteria. The actual number of shares awarded may vary between 0% and 150% of the target, depending on the Company's performance.

Content

On March 30, 2025, David Wilson (the "Reporting Person") was granted 87,169 restricted shares of common stock, par value $0.01 per share ("Common Stock"), 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 Financial Officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests in equal installments over a three-year period, provided that the Reporting Person is employed by the Company on each such date.

The number of shares represents the target number of shares that may be earned by the Reporting Person based on achievement by the Company of certain performance criteria. The actual number of shares awarded may vary between 0% and 150% of the target, depending on the Company's performance.