Tax withholding reduces Powerfleet (AIOT) officer’s vested shares, no sale
Rhea-AI Filing Summary
Powerfleet, Inc. officer Melissa Rose Ingram reported a tax-related share withholding. On the reported date, 12,018 shares of common stock were withheld by Powerfleet, Inc. to cover tax obligations arising from the vesting of previously granted restricted stock awards. The footnote states that the reporting person did not sell any shares on the transaction date. After this withholding, she directly owned 261,674 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 12,018 shares
Net Sell
1 txn
Insider
Ingram Melissa Rose
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.01 per share | 12,018 | $4.57 | $55K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 261,674 shares (Direct)
Footnotes (1)
- F1. These shares were withheld by Powerfleet, Inc. to satisfy tax withholding obligations upon the vesting of restricted stock awards previously made to the reporting person. The reporting person did not sell any shares on the transaction date.
FAQ
What insider transaction did Powerfleet (AIOT) report for Melissa Rose Ingram?
Powerfleet reported that officer Melissa Rose Ingram had 12,018 common shares withheld to satisfy tax obligations from vesting restricted stock awards. This was a tax-withholding disposition by the company, not an open-market sale by the officer.
What does transaction code F mean in the Powerfleet (AIOT) Form 4?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. Here, 12,018 Powerfleet shares were withheld by the company to satisfy tax withholding obligations when restricted stock awards vested for the officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.