A Form 4 filed with the SEC on September 18, 2026, reports that Michael J. Casey, a director of Powerfleet, Inc. (NASDAQ:AIOT), was granted 29,167 restricted stock units on September 17, 2026, under the company's 2018 Incentive Plan.

Key Highlights

  • RSU Grant: Michael J. Casey received 29,167 restricted stock units on September 17, 2026, at a price of $0 per unit.
  • Plan: The RSUs were granted under the Powerfleet, Inc. 2018 Incentive Plan, as amended.
  • Vesting Terms: The RSUs vest in full on the earlier of the first anniversary of the grant date or the date of the company's next annual meeting of stockholders, subject to continued service as a director.
  • Beneficial Ownership: Following the transaction, Casey directly holds 218,220 shares of common stock, par value $0.01 per share.
  • Role: Casey is identified in the filing as a director of Powerfleet, Inc.

Powerfleet Director Casey's RSU Award: Transaction and Ownership Details

According to the Form 4 filed on September 18, 2026, Michael J. Casey, whose address is listed as c/o Powerfleet, Inc., 123 Tice Boulevard, Woodcliff Lake, New Jersey 07677, received a grant of 29,167 restricted stock units on September 17, 2026. The filing identifies the transaction code as "A" (acquired) and reports the price as $0. The RSUs were granted in consideration of his services as a director of the company, according to the filing's explanation of responses.

The filing states that each RSU "represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon vesting." Vesting is subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan. According to the filing, the RSUs vest in full on the earlier of the first anniversary of the grant date or the date of Powerfleet's next annual meeting of stockholders, provided Casey is serving as a director on such date.

Following the reported transaction, the filing discloses that Casey directly beneficially owns 218,220 shares of Powerfleet common stock. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing reports a single acquisition of 29,167 RSUs by director Michael J. Casey on September 17, 2026, at no cost, under Powerfleet's 2018 Incentive Plan, with resulting direct beneficial ownership of 218,220 shares of common stock.