Form 4: Powerfleet Executive James Zeitunian Disposes of Shares to Cover Tax Obligations

James Scott Zeitunian, Chief Technology Officer of Powerfleet, Inc., disposed of 6,780 shares of common stock on April 2, 2024, to cover tax withholding obligations related to a restricted stock award.

Summary

• On April 2, 2024, James Scott Zeitunian, the Chief Technology Officer of Powerfleet, Inc., disposed of 6,780 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations upon the vesting of a restricted stock award.
• The shares were disposed of at a price of $5.12 per share.
• Following the transaction, Zeitunian directly owns 33,220 shares of Powerfleet, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.

Management Comments

• The reporting person did not sell any shares on the transaction date.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates