Form 4 for IDT IDT CORP
Accepted 2025-02-27 00:00:00 ET · period of report 2025-02-25 · accession 0000950170-25-028774 · 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 | FISCHER MARCELO | CFO | F - Tax | $49.11 | -27.9K | 64.5K | -30% | -$1.37M |
| D | 2025-02-27 | 2025-02-25 | IDT | FISCHER MARCELO | CFO | M - OptEx | $49.11 | +56.2K | 92.4K | +155% | +$2.76M |
| D | 2025-02-27 | 2025-02-25 | IDT | FISCHER MARCELO | CFO | M - OptEx | $0.00 | -30.0K | 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 | 27,927 | $49.11 | 64,513 | D | — | — | (F3) Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs. (F4) Consists of 10,271 fully vested shares of Restricted Stock and 54,242 shares of Class B Common Stock issued upon the vesting of DSUs. |
| 2 | Common | Class B Common Stock, par value $.01 per share | 2025-02-25 | M | A | 56,250 | $49.11 | 92,440 | 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 30,000 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock. (F2) Consists of 10,271 fully vested shares of Restricted Stock and 82,169 shares of Class B Common Stock issued upon the vesting of DSUs. |
| 3 | Derivative | Deferred Stock Units | 2025-02-25 | M | D | 30,000 | $0.00 | 0 | D | — · — to — | 56,250 Class B Common Stock | (F6) Represents 30,000 DSUs that vested on 2/25/2025. The 56,250 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. |