Nadine Shea - 25 Feb 2025 Form 4 Insider Report for IDT CORP (IDT)

Role
EVP of GLOBAL HUMAN RESOURCES
Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
IDT
Transactions as of
25 Feb 2025
Net transactions value
+$218,540
Form type
4
Filing time
27 Feb 2025, 14:03:00 UTC
Previous filing
10 Dec 2024
Next filing
22 Sep 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IDT Class B Common Stock, par value $.01 per share Options Exercise $331,492 +6,750 +141% $49.11 11,525 25 Feb 2025 Direct F1, F2
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $112,953 -2,300 -20% $49.11 9,225 25 Feb 2025 Direct F3, F4
holding IDT Class B Common Stock, par value $.01 per share 2,535 25 Feb 2025 By 401(k) Plan F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IDT Deferred Stock Units Options Exercise $0 -3,600 -100% $0.000000 0 25 Feb 2025 Class B Common Stock 6,750 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 3,600 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
F2 Consists of 11,525 shares of Class B common stock issued upon the vesting of DSUs.
F3 Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4 Consists of 9,225 shares of Class B common stock issued upon the vesting of DSUs.
F5 As of January 31, 2025.
F6 Represents 3,600 DSUs that vested on 2/25/2025. The 6,750 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.