MITCH SILBERMAN - 05 Jan 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
CAO & Controller
Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
IDT
Transactions as of
05 Jan 2022
Net transactions value
+$94,720
Form type
4
Filing time
07 Jan 2022, 12:21:28 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 $149,224 +3,332 $44.78 3,332 05 Jan 2022 Direct F1
transaction IDT Class B Common Stock, par value $.01 per share Tax liability $54,503 -1,217 -37% $44.78 2,115 05 Jan 2022 Direct F2, F3
* 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 Consists of 2,115 fully vested shares of Class B Common Stock issued upon the conversion of DSUs.