4//SEC Filing
Geise Ian Sebastian 4
Accession 0001567619-19-015307
CIK 0000807707other
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 3:14 PM ET
Size
7.5 KB
Accession
0001567619-19-015307
Insider Transaction Report
Form 4
Geise Ian Sebastian
President Voxx Accessories
Transactions
- Award
SERP Restricted Stock Units
2019-07-25+4,046→ 4,046 total→ Class A Common (4,046 underlying)
Footnotes (5)
- [F1]This Form 4 is filed to report a grant of restricted stock units ("RSUs") pursuant to the Issuer's 2014 Omnibus 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. At the time of vesting, the Issuer, in its sole discretion, may pay RSUs in the form of cash, shares of the Issuer's Class A Common Stock or a combination of both. This Form 4 includes the reporting person's balance in the Issuer's Supplemental Executive Retirement Plan ("SERP") that is hypothetically invested 100% in the Issuer's Class A Common Stock on the date of grant.
- [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 aggregate 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 mean between the highest and lowest quoted selling price of a share of the Issuer's Class A Common Stock on July 25, 2019.
- [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.
- [F5]The number of RSUs allocated to the reporting person under the SERP is determined by dividing the amount of deferred eligible compensation by the Fair Market Value of a share of the Issuer's Class A Common Stock on each applicable award date.
Documents
Issuer
VOXX International Corp
CIK 0000807707
Entity typeother
Related Parties
1- filerCIK 0001680893
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 3:14 PM ET
- Size
- 7.5 KB