How Towe was paid
$12.9M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Total |
|---|---|---|---|---|
| Steve ToweChief Executive Officer | $425,000 | $9,686,137 | $2,770,000 | $12,881,137 |
| David WilsonChief Financial Officer | $357,875 | $1,461,819 | $676,250 | $2,495,944 |
| Melissa IngramChief Corporate Development Officer | $247,705 | $1,286,404 | $725,000 | $2,259,109 |
What changed and why
- $12.9M$12.9 million: Steve Towe’s 2025 total compensation, compared with $322,917 for the 2024 transition period.
- $9.7M$9.7 million: Towe’s stock awards included a $6.8 million one-time performance-oriented CEO award.
- 100%100%: Executives earned their fiscal 2025 target bonuses under the performance-based program.
- 66.7%66.7%: Each NEO’s annual LTIP award consisted of performance-based restricted stock.
- $362.5M$362.5 million: Revenue increased 26%, while adjusted EBITDA increased 65% to $71 million.
- 77.5%77.5%: Votes supported the prior year’s advisory say-on-pay proposal.
Other Powerfleet proxy statements
- 2026 proxy statement
Steve Towe paid $2.1M (-83% on the year), pay ratio 81:1.
Filed Jul 29, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.