Christopher R. Adams - Feb 5, 2024 Form 4 Insider Report for CalAmp Corp. (CAMP)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CAMP	Restricted Stock Units (RSUs)	Award	$0	+32.6K		$0.00	32.6K	Feb 5, 2024	Common Stock	32.6K		Direct	F1, F2
transaction	CAMP	Performance Stock Units (PSUs)	Award	$0	+32.6K		$0.00	32.6K	Feb 5, 2024	Common Stock	32.6K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	RSUs and PSUs convert into common stock on a one-for-one basis.
F2	The RSUs vest at the rate of 33.33% on the 1 year anniversary of date of grant and 8.33% quarterly thereafter.
F3	The PSUs vest at the rate of 33.33% on the 1 year anniversary of the date of grant and 8.33% quarterly thereafter, subject to CalAmp Corp.'s common stock achieving certain specified stock price hurdles. 1) 50% of the PSUs will vest upon satisfaction of the service-based requirement and achievement of Stock Price Hurdle A as determined by the CalAmp Corp.'s Board of Directors. 2) The remaining 50% of the PSUs will vest upon satisfaction of the service-based requirement and achievement of Stock Price Hurdle B as determined by the CalAmp Corp.'s Board of Directors. However, if Stock Price Hurdle B has not been satisfied by the 3 year anniversary of the date of grant, the remaining 50% of the PSUs may still vest if Stock Price Hurdle B is satisfied by the 5 year anniversary of the date of grant.