4//SEC Filing
PEREIRA BILL 4
Accession 0000950170-25-028772
CIK 0001005731other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 2:01 PM ET
Size
13.2 KB
Accession
0000950170-25-028772
Insider Transaction Report
Form 4
IDT CORPIDT
PEREIRA BILL
DirectorCOO & President
Transactions
- Exercise/Conversion
Class B Common Stock, $.01 par value per share
2025-02-25$49.11/sh+100,313$4,926,371→ 135,526 total - Tax Payment
Class B Common Stock, par value $.01 per share
2025-02-25$49.11/sh−51,093$2,509,177→ 84,433 total - Exercise/Conversion
Deferred Stock Units
2025-02-25−30,000→ 0 total→ Class B Common Stock (56,250 underlying) - Exercise/Conversion
Deferred Stock Units
2025-02-25−23,500→ 0 total→ Class B Common Stock (44,063 underlying)
Holdings
- 3,467(indirect: By 401(k))
Class B Common Stock, $.01 par value per share
Footnotes (7)
- [F1]Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 25, 2025 vesting date, each of the 53,500 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
- [F2]Consists of 5,055 fully vested shares of Restricted Stock and 130,471 fully vested shares of Class B Common Stock issued upon the vesting of DSUs.
- [F3]Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- [F4]Consists of 5,055 fully vested shares of Restricted Stock and 79,378 fully vested shares of Class B Common Stock issued upon the vesting of DSUs.
- [F5]As of January 31, 2025.
- [F6]Represents 30,000 DSUs that vested on 2/25/2025. The 56,250 shares of Class B common stock that were issued is equal to 1.875 shares per vested DSU and was based on the Market Price on the 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. "Market Price" was calculated as 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.
- [F7]Represents 23,500 DSUs that vested on 2/25/2025. The 44,063 shares of Class B common stock that were issued is equal to 1.875 shares per vested DSU and was based on the Market Price on the 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. "Market Price" was calculated as 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.
Documents
Issuer
IDT CORP
CIK 0001005731
Entity typeother
Related Parties
1- filerCIK 0001422969
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 2:01 PM ET
- Size
- 13.2 KB