Powerfleet, Inc. (AIOT) Form 8-K — Aug 11, 2026
Powerfleet appointed Paul Lalljie as President and Chief Financial Officer effective August 11, 2026, succeeding David Wilson, whose employment as CFO was terminated at the close of business on August 10, 2026. Lalljie brings substantial finance leadership experience, having served as CFO and then CEO of 2U, Inc. from 2019 to 2024 and spending roughly 18 years at Neustar, including nearly a decade as EVP and CFO. He also sits on the boards of Twenty One Capital (NYSE: XXI) and Bitdefender.
Key figures
- Psu Grant
- 225,000 performance-based restricted stock units
- Rsu Grant
- 225,000 restricted stock units vesting over 3 years
- Bonus Target
- up to 85% of base salary
- Sign On Bonus
- $100,000 one-time cash
- Cfo Base Salary
- $475,000 per year
- Psu Price Hurdles
- ["$5/share = 25% payout","$8/share = 100% payout","$11/share = 150% payout"]
- Wilson Severance
- $224,460 lump sum (26 weeks of base salary)
- Severance Multiple
- 1.5x base salary (2x within 6 months of a change in control)
- Wilson Consulting Fee
- $37,410 per month, initial 90-day term
- Wilson Prorated Bonus
- $121,731.65 lump sum
- Expected Ltip Grant Fy2027
- $2,000,000 equity grant
- Psu Performance Period End
- March 31, 2029
Price after filing
Close on the filing date to close N calendar days later (from $4.41). Historical, not a forecast.
AI analysis
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