Oscar Bernardo - Jan 20, 2023 Form 4 Insider Report for VOXX International Corp (VOXX)

Signature
/s/ Oscar Bernardo
Stock symbol
VOXX
Transactions as of
Jan 20, 2023
Transactions value $
$0
Form type
4
Date filed
1/24/2023, 02:59 PM
Previous filing
Jul 25, 2022

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 Disposed to Issuer $0 +8.63K $0.00* 0 Jan 20, 2023 Class A Common 8.63K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Oscar Bernardo is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports the vesting and settlement of grants of restricted stock units ("RSUs") pursuant to the Issuer's 2014 Omnibus Equity Incentive Plan (the "Plan"). At the time of vesting and settlement, the Issuer, in its sole discretion, paid the RSUs in the form of cash.
F2 Each RSU represented a contingent right to receive, upon settlement, either (a) one share of Class A Common Stock or (b) a cash payment equal to the fair market value of one share of Class A Common Stock.
F3 Represents the aggregate number of RSUs which had vested and were settled in cash on January 20, 2023 based on the Fair Market Value defined as the mean between the highest and lowest quoted selling price of a share of the Issuer's Class A Common Stock on January 19, 2023.
F4 The vested balance in the reporting person's SERP account is payable in cash, Class A Common Stock, or a combination of both following a Participant's termination of service due to death, disability, retirement no less than 3 years from the initial date of participation in the Plan or a reason approved by the Board in accordance with Article 2.2 of the Plan.