4//SEC Filing
ASH MENACHEM 4
Accession 0000950170-25-028776
CIK 0001005731other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 2:02 PM ET
Size
13.3 KB
Accession
0000950170-25-028776
Insider Transaction Report
Form 4
IDT CORPIDT
ASH MENACHEM
EVP of Strategic&Legal Affairs
Transactions
- Tax Payment
Class B Common Stock, par value $.01 per share
2025-02-25$49.11/sh−3,389$166,434→ 53,148 total - Exercise/Conversion
Deferred Stock Units
2025-02-25−3,499→ 0 total→ Class B Common Stock (6,561 underlying) - Exercise/Conversion
Deferred Stock Units
2025-02-25−1,500→ 0 total→ Class B Common Stock (2,813 underlying) - Exercise/Conversion
Class B Common Stock, par value $.01 per share
2025-02-25$49.11/sh+9,374$460,357→ 56,537 total
Holdings
- 2,853(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 4,999 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 1.875 shares of Class B common stock.
- [F2]Consists of 23,750 shares of Class B common stock issued upon the vesting of DSUs and 32,787 fully vested shares of Restricted Stock.
- [F3]Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- [F4]Consists of 20,361 shares of Class B common stock issued upon the vesting of DSUs and 32,787 fully vested shares of Restricted Stock.
- [F5]As of January 31, 2025.
- [F6]Represents 3,499 DSUs that vested on 2/25/2025. The 6,561 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 1,500 DSUs that vested on 2/25/2025. The 2,813 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 0001560958
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 2:02 PM ET
- Size
- 13.3 KB