Form 4 for IDT IDT CORP
Accepted 2025-02-27 00:00:00 ET · period of report 2025-02-25 · accession 0000950170-25-028770 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-02-27 | 2025-02-25 | IDT | MASON JOYCE J | EVP, Corp. Sec | F - Tax | $49.11 | -1,759 | 39.9K | -4% | -$86.4K |
| D | 2025-02-27 | 2025-02-25 | IDT | MASON JOYCE J | EVP, Corp. Sec | M - OptEx | $49.11 | +4,500 | 41.6K | +12% | +$221.0K |
| D | 2025-02-27 | 2025-02-25 | IDT | MASON JOYCE J | EVP, Corp. Sec | M - OptEx | $0.00 | -2,400 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class B Common Stock, par value $.01 per share | 2025-02-25 | F | D | 1,759 | $49.11 | 39,854 | D | — | — | (F3) Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs. (F4) Consists of 12,559 shares of Class B common stock issued upon the vesting of DSUs, 4,785 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 21,114 shares held by the Reporting Person directly. |
| 2 | Common | Class B Common Stock, par value $.01 per share | 2025-02-25 | M | A | 4,500 | $49.11 | 41,613 | D | — | — | (F1) Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 25, 2025 vesting date, each of the 2,400 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock. (F2) Consists of 14,318 shares of Class B common stock issued upon the vesting of DSUs, 4,785 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 21,114 shares held by the Reporting Person directly. |
| 3 | Derivative | Deferred Stock Units | 2025-02-25 | M | D | 2,400 | $0.00 | 0 | D | — · — to — | 4,500 Class B Common Stock | (F6) Represents 2,400 DSUs that vested on 2/25/2025. The 4,500 shares of Class B common stock that were issued is equal to 1.875 shares per vested DSU and was based on the Market Price on the vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. "Market Price" was calculated as the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date. |