David Wartell - Jan 5, 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
CHIEF TECHNOLOGY OFFICER
Signature
Joyce J. Mason by Power of Attorney
Stock symbol
IDT
Transactions as of
Jan 5, 2022
Transactions value $
$399,796
Form type
4
Date filed
1/7/2022, 12:19 PM
Previous filing
Jun 22, 2021
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 $537K +12K $44.79 12K Jan 5, 2022 Direct F1, F2
transaction IDT Class B Common Stock, par value $.01 per share Tax liability -$138K -3.07K -25.61% $44.79 8.93K Jan 5, 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.