Nadine Shea - Jan 5, 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
EVP of GLOBAL HUMAN RESOURCES
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
IDT
Transactions as of
Jan 5, 2022
Transactions value $
$146,223
Form type
4
Date filed
1/7/2022, 12:18 PM
Next filing
Dec 7, 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 $224K +5K +116.12% $44.79 9.31K Jan 15, 2022 Direct F1
transaction IDT Class B Common Stock, par value $.01 per share Tax liability -$77.7K -1.74K -18.64% $44.79 7.57K Jan 5, 2022 Direct F2, F3
holding IDT Class B Common Stock, par value $.01 per share 2.5K Jan 5, 2022 By 401(k) Plan F4
* 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 vesting of DSUs.
F3 Consists of 396 fully vested shares of Restricted Stock, and 7,175 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.
F4 As of December 31, 2021.