Director Ian Jacobs of Powerfleet (NASDAQ: AIOT) receives 24,396 RSUs and holds over 4M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JACOBS IAN reported acquisition or exercise transactions in this Form 4 filing.
Powerfleet, Inc. director Ian Jacobs received a grant of 24,396 restricted stock units (RSUs) on May 18, 2026 under the company’s 2018 Incentive Plan as compensation for his board service. Each RSU represents one common share that vests in full on the earlier of the first anniversary of the grant date or the company’s next annual stockholder meeting, if he remains a director.
After this award, Jacobs directly holds 73,142 common shares. Indirectly, 3,982,432 common shares are held by 786 Partners LP and 402 Fund LP, over which he has voting and investment power, while disclaiming beneficial ownership except for his pecuniary interest. A prior pro rata distribution of 368,918 shares by 402 Fund LP reduced his indirect beneficial ownership, and no shares were sold in connection with that distribution.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
JACOBS IAN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 24,396 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 73,142 shares (Direct, null);
Common Stock, par value $0.01 per share — 3,982,432 shares (Indirect, See footnote)
Footnotes (1)
- On May 18, 2026 (the "Grant Date"), the reporting person was granted 24,396 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as a director of Powerfleet, Inc. (the "Company"). Each RSU represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon vesting. Subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan, the RSUs vest in full on the earlier of (x) the first anniversary of the Grant Date and (y) the date of the Company's next annual meeting of stockholders, provided that the reporting person is serving as a director of the Company on such date. These securities are directly owned by 786 Partners LP and 402 Fund LP. The reporting person has voting and investment power over such securities. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Reflects a decrease in indirect beneficial ownership solely resulting from a pro rata distribution of 368,918 shares by 402 Fund LP that occurred prior to the transaction date of this report. No shares were sold by the reporting person in connection with such distribution.
Key Figures
RSU grant size: 24,396 RSUs
RSU grant price: $0.0000 per unit
Direct shares after grant: 73,142 shares
+2 more
5 metrics
RSU grant size
24,396 RSUs
Granted on May 18, 2026 under 2018 Incentive Plan
RSU grant price
$0.0000 per unit
Grant, award, or other acquisition
Direct shares after grant
73,142 shares
Common stock held directly by Ian Jacobs
Indirect shares held
3,982,432 shares
Held by 786 Partners LP and 402 Fund LP
Prior pro rata distribution
368,918 shares
Distributed by 402 Fund LP before transaction date
Key Terms
restricted stock units (RSUs), 2018 Incentive Plan, pro rata distribution, beneficial ownership, +1 more
5 terms
restricted stock units (RSUs) financial
"the reporting person was granted 24,396 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2018 Incentive Plan financial
"under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan")"
pro rata distribution financial
"Reflects a decrease in indirect beneficial ownership solely resulting from a pro rata distribution of 368,918 shares by 402 Fund LP"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
FAQ
What did Ian Jacobs acquire in this Powerfleet (AIOT) Form 4 filing?
Ian Jacobs received 24,396 restricted stock units (RSUs) as director compensation. Each RSU represents one share of Powerfleet common stock, vesting based on continued board service and the earlier of the first anniversary of the grant or the next annual stockholder meeting.
When do Ian Jacobs’s new Powerfleet (AIOT) RSUs vest?
The 24,396 RSUs vest in full on the earlier of the first anniversary of the May 18, 2026 grant date or Powerfleet’s next annual stockholder meeting, provided Ian Jacobs is still serving as a director on that vesting date under the 2018 Incentive Plan.
What plan governs the RSU grant reported for Powerfleet (AIOT) director Ian Jacobs?
The RSU grant was made under the Powerfleet, Inc. 2018 Incentive Plan, as amended. This equity incentive plan governs the terms, vesting conditions, and award agreements for restricted stock units and similar equity compensation granted to directors and other eligible participants.