Powerfleet grants RSUs and PSUs to new CFO
Lalljie Paul S reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Lalljie Paul S reported acquisition or exercise transactions in this Form 4 filing.
Powerfleet, Inc. reported equity compensation grants to President and Chief Financial Officer Paul S. Lalljie. On August 11, 2026, he received 225,000 time-based RSUs that vest in three equal annual installments from the grant date, conditioned on continued employment. He was also granted 225,000 target performance-based RSUs (PSUs), with actual shares earned ranging from 0% to 150% of target based on the company’s stock price performance through March 31, 2029 and his continued employment.
Insider Trade Summary
Grant/Award: 450,000 shares
Grant/Award
2 txns
Insider
Lalljie Paul S
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share F1 | 225,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.01 per share F2 | 225,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 450,000 shares (Direct)
Footnotes (2)
- F1. On August 11, 2026 (the "Grant Date"), Paul S. Lalljie (the "Reporting Person") was granted 225,000 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his appointment as President and Chief Financial Officer ("CFO") of Powerfleet, Inc. (the "Company"). Subject to the terms and conditions of an award agreement and the 2018 Plan, the RSUs shall vest in equal installments on each of the first three anniversaries of the grant date, provided that the Reporting Person is employed by the Company on each such date.
- F2. On the Grant Date, the Reporting Person was granted 225,000 performance-based RSUs ("PSUs") under the 2018 Plan in consideration for his appointment as the President and CFO of the Company. Each PSU represents a contingent right to receive one share of Common Stock upon vesting. The number of PSUs reported represents the target number of PSUs that may be earned by the Reporting Person. Subject to the terms and conditions of an award agreement and the 2018 Plan, the actual number of PSUs earned by the Reporting Person ranges from 0% and 150% of the target number based on the Company's stock price performance during the performance period that ends March 31, 2029, provided that the Reporting Person remains employed by the Company through the end of the performance period.
Key Figures
Time-based RSUs granted: 225,000 units
Performance-based PSUs target: 225,000 units
PSU payout range: 0% to 150% of target
+2 more
5 metrics
Time-based RSUs granted
225,000 units
RSUs granted August 11, 2026, vesting over three years
Performance-based PSUs target
225,000 units
Target PSUs granted August 11, 2026 under 2018 Plan
PSU payout range
0% to 150% of target
Based on stock price performance during performance period
Performance period end date
March 31, 2029
End of PSU performance period, employment condition applies
RSU vesting term
3 years
Equal installments on each of first three anniversaries of grant date
Key Terms
restricted stock units, performance-based RSUs, contingent right, performance period, +1 more
5 terms
restricted stock units financial
"was granted 225,000 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018"
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.
performance-based RSUs financial
"the Reporting Person was granted 225,000 performance-based RSUs ("PSUs") under the 2018 Plan"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
contingent right financial
"Each PSU represents a contingent right to receive one share of Common Stock"
performance period financial
"based on the Company's stock price performance during the performance period that ends"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
Incentive Plan financial
"under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Powerfleet (AIOT) grant to Paul S. Lalljie on August 11, 2026?
On August 11, 2026, Paul S. Lalljie received 225,000 RSUs and 225,000 target PSUs under Powerfleet’s 2018 Incentive Plan as consideration for his appointment as President and Chief Financial Officer.
How do the time-based RSUs granted to Powerfleet (AIOT) CFO Paul Lalljie vest?
The 225,000 RSUs vest in equal installments on each of the first three anniversaries of the August 11, 2026 grant date, subject to the award agreement, plan terms, and Mr. Lalljie’s continued employment with Powerfleet.
What determines how many PSUs Paul Lalljie actually earns at Powerfleet (AIOT)?
The 225,000 target PSUs can pay out from 0% to 150% of target based on Powerfleet’s stock price performance over a performance period ending March 31, 2029, and require Mr. Lalljie’s continued employment through that date.
What does each PSU granted to Powerfleet (AIOT) CFO Paul Lalljie represent?
Each PSU represents a contingent right to receive one share of Powerfleet common stock upon vesting, subject to performance conditions under the 2018 Incentive Plan and the applicable award agreement.
Why did Powerfleet (AIOT) grant RSUs and PSUs to Paul Lalljie?
Powerfleet granted RSUs and PSUs to Paul Lalljie under its 2018 Incentive Plan as consideration for his appointment as President and Chief Financial Officer, aligning a portion of his compensation with continued service and stock performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
