Form 4 for IDT IDT CORP
Accepted 2023-03-06 00:00:00 ET · period of report 2023-03-02 · accession 0001209191-23-016218 · 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 | 2023-03-06 | 2023-03-02 | IDT | ASH MENACHEM | EVP of Strategic, Legal Affairs | A - Grant | $0.00 | +16.0K | 53.7K | +42% | $0 |
| D | 2023-03-06 | 2023-03-02 | IDT | ASH MENACHEM | EVP of Strategic, Legal Affairs | A - Grant | $0.00 | +3,000 | 10.0K | +43% | $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 | 2023-03-02 | A | A | 16,000 | $0.00 | 53,706 | D | — | — | (F1) Represents a grant of 16,000 shares of restricted stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025. (F2) Consists of 28,962 fully vested shares of Restricted Stock, 8,744 shares of Class B common stock issued upon the vesting of deferred stock units ("DSUs") and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025. |
| 2 | Derivative | Deferred Stock Units | 2023-03-02 | A | A | 3,000 | $0.00 | 10,000 | D | — · — to — | 3,000 Class B Common Stock | (F4) Represents a grant of 3,000 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 1,500 and 6,000 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. |