Tax withholding of 12,018 shares by Powerfleet (AIOT) executive
Rhea-AI Filing Summary
Powerfleet, Inc. executive Melissa Rose Ingram reported a tax-withholding disposition of 12,018 shares of common stock on July 27, 2026, at $4.42 per share. These shares were withheld by the company to satisfy tax obligations upon vesting of a restricted stock award; she did not sell shares in the market. Following this transaction, she directly holds 505,135 common shares.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share F1 | 12,018 | $4.42 | $53K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 505,135 shares (Direct)
Footnotes (1)
- F1. These shares were withheld by Powerfleet, Inc. to satisfy tax withholding obligations upon the vesting of a restricted stock award previously granted to the reporting person. The reporting person did not sell any shares on the transaction date.
Key Figures
Shares withheld for taxes: 12,018 shares
Per-share value for tax withholding: $4.42 per share
Shares held after transaction: 505,135 shares
3 metrics
Shares withheld for taxes
12,018 shares
Withheld on July 27, 2026 to satisfy tax obligations on vesting
Per-share value for tax withholding
$4.42 per share
Value applied to the 12,018-share tax-withholding disposition
Shares held after transaction
505,135 shares
Direct common stock holdings after the July 27, 2026 transaction
Key Terms
restricted stock award, tax withholding obligations, par value
3 terms
restricted stock award financial
"upon the vesting of a restricted stock award previously granted"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
tax withholding obligations financial
"to satisfy tax withholding obligations upon the vesting"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Powerfleet (AIOT) report for Melissa Rose Ingram?
Melissa Rose Ingram reported a tax-withholding disposition of 12,018 Powerfleet common shares on July 27, 2026. The company withheld these shares at $4.42 per share to cover tax obligations triggered by the vesting of a restricted stock award previously granted to her.
Was the Powerfleet (AIOT) insider transaction under a Rule 10b5-1 trading plan?
No, the Rule 10b5-1 trading plan checkbox was not marked for this insider report. The only activity disclosed is share withholding to satisfy tax obligations from a vesting restricted stock award, rather than a discretionary open-market purchase or sale plan.