4//SEC Filing
Adamovich John Jr 4
Accession 0001567619-20-017797
CIK 0000807707other
Filed
Oct 13, 8:00 PM ET
Accepted
Oct 14, 3:47 PM ET
Size
7.3 KB
Accession
0001567619-20-017797
Insider Transaction Report
Form 4
Adamovich John Jr
Director
Transactions
- Award
SERP Restricted Stock Units
2020-10-12+10,000→ 10,000 total→ Class A Common (10,000 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, as amended (the "Plan"). The RSUs vested on the date of grant, however, they will not be settled by the Issuer until the Reporting Person's resignation or removal from the Board, or termination of service due to death, upon a Change in Control or a reason approved by the Board in accordance with Article 2.2 of the Plan.
- [F2]The investment return on contributions in the SERP is generally equal to the earnings and losses that would occur if 100% of the contribution was invested in the Issuer's Class A Common Stock on the date of grant. Vested balances 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 mean of the highest and lowest quoted selling price of a share of the Issuer's Class A Common Stock on October 12, 2020.
- [F4]The vested balance in the Reporting Person's SERP account is payable in cash, Class A Common Stock or a combination of both at the Issuer's discretion, following the Reporting Person's resignation or removal from the Board, or termination of service due to death, upon a Change in Control 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 was determined by dividing the amount of compensation by the Fair Market Value of a share of the Issuer's Class A Common Stock on the award date.
Documents
Issuer
VOXX International Corp
CIK 0000807707
Entity typeother
Related Parties
1- filerCIK 0001343859
Filing Metadata
- Form type
- 4
- Filed
- Oct 13, 8:00 PM ET
- Accepted
- Oct 14, 3:47 PM ET
- Size
- 7.3 KB