Tax withholding reduces Powerfleet (AIOT) officer’s vested shares, no sale
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Ingram Melissa Rose
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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)
- [object Object]
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.