DAVID WARTELL - 05 Jan 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
CHIEF TECHNOLOGY OFFICER
Signature
Joyce J. Mason by Power of Attorney
Issuer symbol
IDT
Transactions as of
05 Jan 2022
Net transactions value
+$399,796
Form type
4
Filing time
07 Jan 2022, 12:19:45 UTC
Previous filing
22 Jun 2021
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 $537,420 +12,000 $44.78 12,000 05 Jan 2022 Direct F1, F2
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $137,624 -3,073 -26% $44.78 8,927 05 Jan 2022 Direct F3, 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 Consists of 12,000 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.
F3 Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
F4 Consists of 8,927 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.