How Towe was paid
$2.1M in total for fiscal 2026, 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 | Bonus | Stock | Incentive | Total |
|---|---|---|---|---|---|
| Steve ToweChief Executive Officer | $555,778 | — | $1,469,007 | $110,044 | $2,134,829 |
| David WilsonChief Financial Officer | $435,000 | — | $734,501 | $64,598 | $1,234,099 |
| Melissa IngramChief Corporate Development Officer | $363,593 | — | $646,362 | $53,994 | $1,063,949 |
| Michael PowellChief Innovation Officer | $385,000 | $144,375 | $293,801 | — | $823,176 |
What changed and why
- $2.1M2026 CEO total compensation was $2,134,829, versus $12,881,137 in 2025.
- 66.7%66.7% of each NEO’s 2026 LTIP award consisted of performance-based PSUs.
- 2026 PSU performance metrics were organic revenue growth, adjusted EBITDA per share growth and relative TSR.
- 85%85% of the CEO’s target total direct compensation was at risk, compared with 74% for other NEOs on average.
- 73.4%73.4% of votes cast supported the 2025 say-on-pay proposal.
- $144KMichael Powell received a $144,375 signing bonus in fiscal 2026.
Other Powerfleet proxy statements
- 2025 proxy statement
Steve Towe paid $12.9M.
Filed Jul 29, 2025
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.