Form 4 for IDT IDT CORP
Accepted 2022-12-07 00:00:00 ET · period of report 2022-08-16 · accession 0001209191-22-060184 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-12-07 | 2022-08-16 | IDT | MASON JOYCE J | EVP, Corp. Sec | G - Gift | $0.00 | +2,300 | 18.2K | +14% | $0 |
| D | 2022-12-07 | 2022-08-16 | IDT | MASON JOYCE J | EVP, Corp. Sec | G - Gift | $0.00 | +1,150 | 39.5K | +3% | $0 |
| D | 2022-12-07 | 2022-12-05 | IDT | MASON JOYCE J | EVP, Corp. Sec | A - Grant | $0.00 | +3,600 | 3,600 | New | $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 | 2022-08-16 | G | A | 1,150 | $0.00 | 11,655 | I By Self for Son | — | — | |
| 2 | Common | Class B Common Stock, par value $.01 per share | 2022-08-16 | G | A | 1,150 | $0.00 | 39,526 | D By Self for Husband | — | — | (F1) Consists of 10,482 fully vested shares of Restricted Stock, 8,916 shares of stock issued upon the vesting of DSUs, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 18,732 shares held by the Reporting Person directly. |
| 3 | Common | Class B Common Stock, par value $.01 per share | 2022-08-16 | G | A | 1,150 | $0.00 | 18,184 | I | — | — | |
| 4 | Derivative | Deferred Stock Units | 2022-12-05 | A | A | 3,600 | $0.00 | 3,600 | D | — · — to — | 3,600 Class B Common Stock | (F3) Represents grant of 3,600 DSUs vesting ratably on 5/17/2023, 2/21/2024 and 2/25/2025, with the recipient having the option on 5/17/2023 and 2/21/2024 to defer vesting to the next scheduled vesting. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable 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. Upon vesting of all of the DSUs, between 1,800 and 7,200 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be 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. |