Form 4: VOXX International CEO Patrick Lavelle Acquires 19,440 Shares

VOXX International CEO Patrick M. Lavelle acquired 19,440 shares of Class A Common Stock at $3.22 per share on July 8, 2024, pursuant to an amendment to his employment agreement.

Summary

• On July 8, 2024, Patrick M. Lavelle, CEO of VOXX International Corp, acquired 19,440 shares of Class A Common Stock.
• The shares were awarded as part of an amendment to his employment agreement, which was entered on September 28, 2023, and deemed effective as of March 1, 2024.
• The transaction was executed at an average price of $3.22 per share on June 28, 2024, and the shares were delivered on July 8, 2024.
• Following the transaction, Lavelle directly and indirectly owns 597,021 shares through a revocable trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction related to an employment agreement.

Positives

• The acquisition of shares by the CEO could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the CEO's increased stake in the company.

Key Dates