Powerfleet, Inc. (AIOT) director reports 186,003-share holding
Rhea-AI Filing Summary
Powerfleet, Inc. director Michael J Casey filed an initial statement of beneficial ownership. The filing reports his direct holding of 186,003 shares of common stock, par value $0.01 per share. The remarks note an attached Exhibit 24 titled Power of Attorney.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CASEY MICHAEL J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 186,003 shares (Direct)
Key Figures
Common shares owned: 186,003 shares
Par value per share: $0.01 per share
Holding entries: 1
3 metrics
Common shares owned
186,003 shares
Total direct holdings reported for Michael J Casey
Par value per share
$0.01 per share
Par value of Powerfleet, Inc. common stock
Holding entries
1
Number of holding entries in the transaction summary
Key Terms
par value, Power of Attorney, direct or indirect
3 terms
par value financial
"Common Stock, par value $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
Power of Attorney regulatory
"Remarks: Exhibit 24 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
direct or indirect technical
"direct_or_indirect uses D/I for Direct/Indirect ownership type"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Powerfleet (AIOT) Form 3 filing report for Michael J Casey?
The Form 3 reports Michael J Casey’s initial beneficial ownership in Powerfleet, Inc.. It lists a single holding entry showing his direct ownership of common stock, serving as the baseline disclosure of his insider position as a director.
What type of security is reported in the Powerfleet (AIOT) Form 3 for Michael J Casey?
The Form 3 reports holdings of Common Stock, with a par value of $0.01 per share. This indicates his ownership is in Powerfleet’s primary equity security rather than in options, warrants, or other derivative instruments.
What is Michael J Casey’s role at Powerfleet (AIOT) as shown in this Form 3?
Michael J Casey is identified as a director of Powerfleet, Inc. The reporting data flags him as a director, while indicating he is not an officer and not a ten percent owner based on this particular ownership disclosure.
Does the Powerfleet (AIOT) Form 3 for Michael J Casey reference any exhibits?
Yes. The remarks section states “Exhibit 24 - Power of Attorney”. This indicates the filing includes or references a power of attorney document authorizing certain actions to be taken on Michael J Casey’s behalf in connection with SEC reporting.