PEREIRA BILL 4
4 · IDT CORP · Filed Jan 16, 2024
Insider Transaction Report
Form 4
IDT CORPIDT
PEREIRA BILL
DirectorCOO & President
Transactions
- Award
Deferred Stock Units
2024-01-12+23,500→ 23,500 total→ Class B Common Stock (23,500 underlying)
Holdings
- 46,458
Class B Common Stock, $.01 par value per share
- 3,492(indirect: By 401(k))
Class B Common Stock, $.01 par value per share
Footnotes (3)
- [F1]Consists of 16,300 fully vested shares of Restricted Stock and 30,158 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs").
- [F2]As of December 29, 2023.
- [F3]Represents grant of 23,500 DSUs,15,667 of which vest on 2/21/24 and 7,833 of which vest on 2/25/25, with the recipient having the option on 2/21/24 to defer vesting to the next scheduled vesting. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. Upon vesting of all of the DSUs, between 11,750 and 47,000 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date.