Nadine Shea - 05 Jan 2022 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
05 Jan 2022
Net transactions value
+$146,223
Form type
4
Filing time
07 Jan 2022, 12:18:08 UTC
Next filing
07 Dec 2022
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 $223,925 +5,000 +116% $44.78 9,306 15 Jan 2022 Direct F1
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $77,702 -1,735 -19% $44.78 7,571 05 Jan 2022 Direct F2, F3
holding IDT Class B Common Stock, par value $.01 per share 2,499 05 Jan 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.