Form 4: Powerfleet Director Michael Brodsky Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Director Michael Brodsky reports a transaction where shares were withheld to cover tax obligations related to a restricted stock award.
Summary
- On April 2, 2024, Powerfleet Director Michael Brodsky had 7,279 shares withheld to cover tax obligations related to a restricted stock award.
- The shares were withheld at a price of $5.12 per share.
- Following the transaction, Brodsky directly owns 257,178 shares of Powerfleet stock.
- Brodsky may also be deemed to beneficially own 76,000 shares held by Vajra Fund I, L.P., where he serves as the general partner, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Date of the share withholding transaction for tax obligations. |
| 05/10/2024 | Date of signature for the Form 4 filing. |
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