Charles M. Stoehr - Jul 23, 2024 Form 4 Insider Report for VOXX International Corp (VOXX)

Signature
/s/ Charles M. Stoehr
Stock symbol
VOXX
Transactions as of
Jul 23, 2024
Transactions value $
$0
Form type
4
Date filed
7/25/2024, 05:03 PM
Previous filing
Jul 24, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VOXX SERP Restricted Stock Units Award $0 +8.44K $0.00 8.44K Jul 23, 2024 Class A Common 8.44K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed to report a grant of restricted stock units ("RSUs") pursuant to the Issuer's 2024 Equity Incentive Plan (the "Plan"). The RSUs will vest on the later of three years from the date of grant or the grantee reaching the age of 65 years. The Issuer, in its sole discretion, may settle the RSUs in the form of cash, shares of the Issuer's Class A Common Stock or a combination of both.
F2 The investment return on contributions in the SERP is generally equal to the earnings and losses that would occur if 100% of the contributions were invested in the Issuer's Class A Common Stock on the date of grant. Vested balances in the SERP are settled in the Issuer's sole discretion in the form of cash, shares of the Issuer's Class A Common Stock or a combination of both.
F3 Represents the number of RSUs allocated to the reporting person under the SERP as of the date of grant based on the Fair Market Value defined as the closing price of a share of the Issuer's Class A Common Stock on July 23, 2024.
F4 The vested balance in the reporting person's SERP account is payable in cash, Class A Common Stock or a combination of both. The RSUs will vest on the later of three years from the date of grant or the grantee reaching the age of 65 years or following a Participant's termination of service due to death, disability, retirement, or a reason approved by the Board in accordance with Article 2 of the Plan.