Michael McConnell - May 16, 2024 Form 4/A Insider Report for Powerfleet, Inc. (PWFL)

Role
Director
Signature
/s/ David Wilson, as Attorney-in-Fact for Michael McConnell
Stock symbol
PWFL
Transactions as of
May 16, 2024
Transactions value $
$0
Form type
4/A
Date filed
6/21/2024, 04:57 PM
Date Of Original Report
Jun 3, 2024
Previous filing
Apr 2, 2024
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWFL Common Stock, par value $0.01 per share Award $0 +18K $0.00 18K May 16, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 16, 2024 (the "Grant Date"), the reporting person was granted 18,028 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of Powerfleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as a director of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award will vest in full on the first anniversary of the Grant Date, provided that the reporting person is serving as a director of the Company on such date.

Remarks:

On June 3, 2024, the reporting person filed a Form 4 that incorrectly included a stock option award grant in Table II. This amended Form 4 is being filed to (i) remove from Table II the stock option award grant that was incorrectly included in the original Form 4 and (ii) restate in Table I the restricted stock award grant that occurred on May 16, 2024.