CONKLING WILLIAM 4
Research Summary
AI-generated summary
IDT Director William Conkling Receives 673-Share Award
What Happened
William Conkling, a director of IDT Corp. (IDT), was granted 673 shares of restricted stock on June 9, 2026. The grant price is reported at $55.75 per share, for a total value of $37,520. According to the filing, the restricted stock vested in full immediately, so the shares are fully owned upon grant. This was an award/compensation transaction (not an open-market purchase or sale).
Key Details
- Transaction date: June 9, 2026; filing date (Form 4): June 11, 2026 (filed within two days).
- Shares granted/acquired: 673 shares at $55.75 each; total value $37,520.
- Vesting: Footnote F1 states the restricted stock vests in full immediately; F2 confirms these are fully vested shares.
- Shares owned after transaction: not specified in the summary provided in this request (see the Form 4 for exact ownership totals).
- Transaction type code: A (Award/Grant of restricted stock).
Context
Grants of restricted stock are typically compensation and do not necessarily signal the insider buying or selling based on company outlook; because these shares vested immediately, Conkling now holds them outright. For retail investors, purchases can be a stronger signal of insider conviction than compensation awards, but awards are useful to track for dilution and insider compensation trends.