Powerfleet (NASDAQ: AIOT) grants 3,050 RSUs to director Casey
Rhea-AI Filing Summary
CASEY MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.
Powerfleet, Inc. director Michael J. Casey reported an equity award of 3,050 restricted stock units (RSUs) on August 17, 2026 under the company’s 2018 Incentive Plan. Each RSU represents one share of common stock upon vesting, and Casey now holds 189,053 common shares directly. The RSUs vest in full on the earlier of the first anniversary of the grant date or the company’s next annual meeting of stockholders, contingent on continued board service.
Positive
- None.
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Insider Trade Summary
Net Buyer: 3,050 shares
Net Buy
1 txn
Insider
CASEY MICHAEL J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share F1 | 3,050 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 189,053 shares (Direct)
Footnotes (1)
- F1. On August 17, 2026 (the "Grant Date"), Michael J. Casey (the "Reporting Person") was granted 3,050 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.
Key Figures
RSUs granted: 3,050 shares
Grant date: August 17, 2026
Grant price per RSU: $0.00 per share
+1 more
4 metrics
RSUs granted
3,050 shares
Restricted stock units granted to Michael J. Casey on August 17, 2026
Grant date
August 17, 2026
Grant Date for the 3,050 restricted stock units
Grant price per RSU
$0.00 per share
Reported transaction price for the RSU award
Total shares after transaction
189,053 shares
Total direct common stock holdings of Michael J. Casey after the RSU grant
Key Terms
restricted stock units, 2018 Incentive Plan, contingent right, vesting
4 terms
restricted stock units financial
"was granted 3,050 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2018 Incentive Plan financial
"RSUs under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan")"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Company's common stock"
vesting financial
"Each RSU represents a contingent right to receive one share ... upon vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity award did Powerfleet (AIOT) grant to director Michael J. Casey?
Powerfleet granted Michael J. Casey 3,050 restricted stock units (RSUs) on August 17, 2026 as consideration for his services as a director. Each RSU is a contingent right to receive one share of Powerfleet common stock upon vesting.
When do Michael J. Casey’s new RSUs in Powerfleet (AIOT) vest?
The 3,050 RSUs vest in full on the earlier of the first anniversary of the August 17, 2026 grant date or the date of Powerfleet’s next annual meeting, provided Michael J. Casey continues serving as a director on that vesting date.
What is the exercise or purchase price of the RSUs granted to Michael J. Casey at Powerfleet (AIOT)?
The 3,050 RSUs were granted at a price of $0.00 per share, consistent with typical restricted stock unit awards that do not require a purchase payment. Value to the director depends on future vesting and the market price of Powerfleet’s common stock.
Under which plan were Michael J. Casey’s RSUs at Powerfleet (AIOT) granted?
The 3,050 RSUs were granted under the Powerfleet, Inc. 2018 Incentive Plan, as amended. This plan governs the terms of the equity award, including vesting conditions and the delivery of one share of common stock for each RSU upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
