LESSER PETER A 4
4 · VOXX International Corp · Filed Sep 15, 2023
Insider Transaction Report
Form 4
LESSER PETER A
Director
Transactions
- Conversion
Class A Common Stock
2023-07-25+10,000→ 30,000 total - Disposition to Issuer
SERP Restricted Stock Units
2023-07-25+10,000→ 0 total→ Class A Common (10,000 underlying)
Footnotes (4)
- [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"), which grant was previously reported on a Form 4 filed with the SEC on October 14, 2020. At the time of vesting and settlement, the Issuer, in its sole discretion, paid the RSUs in the form of Class A Common Stock.
- [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 Class A Common Shares on July 25, 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.