MENACHEM ASH - 05 Jan 2022 Form 4 Insider Report for IDT CORP (IDT)

Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
IDT
Transactions as of
05 Jan 2022
Net transactions value
-$186,888
Form type
4
Filing time
07 Jan 2022, 12:15:31 UTC
Next filing
07 Dec 2022

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 $223,925 +5,000 +12% $44.78 46,879 05 Jan 2022 Direct F1
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $80,747 -1,803 -3.8% $44.78 45,076 05 Jan 2022 Direct F2
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $330,065 -7,370 -16% $44.78 37,706 05 Jan 2022 Direct F3, F4
holding IDT Class B Common Stock, par value $.01 per share 2,812 05 Jan 2022 By 401(k) Plan F5
* 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 prior to the January 5, 2022 vesting date, each DSU that vested entitled the Reporting Person to receive 2 shares of Class B Common Stock.
F2 Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F3 Represents shares withheld by the Issuer for tax purposes upon the vesting of 20,000 shares of Restricted Stock, which was precipitated by the closing price of the Issuer's Class B Common Stock on the trading day prior to grant being $13.00 or higher. All 20,000 shares of Restricted Stock vested in full on January 5, 2022, since the closing price of the Issuer's Class B Common Stock on the trading day prior to vest (January 4, 2022) was $13.00 or higher.
F4 Consists of 28,962 fully vested shares of Restricted Stock and 8,744 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.
F5 As of December 31, 2021.