Geise Ian Sebastian 4
4 · VOXX International Corp · Filed Jul 25, 2024
Insider Transaction Report
Form 4
Geise Ian Sebastian
President Voxx Accessories
Transactions
- Award
SERP Restricted Stock Units
2024-07-23+6,756→ 6,756 total→ Class A Common (6,756 underlying)
Footnotes (4)
- [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.