4//SEC Filing
PEREIRA BILL 4
Accession 0001209191-22-060190
CIK 0001005731other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 5:13 PM ET
Size
7.8 KB
Accession
0001209191-22-060190
Insider Transaction Report
Form 4
IDT CORPIDT
PEREIRA BILL
DirectorCOO & President
Transactions
- Award
Deferred Stock Units
2022-12-05+30,000→ 30,000 total→ Class B Common Stock (30,000 underlying)
Holdings
- 46,458
Class B Common Stock, par value $.01 per share
- 3,504(indirect: By 401(k))
Class B Common Stock, par value $.01 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 November 30, 222.
- [F3]Represents grant of 30,000 DSUs vesting ratably on 5/17/2023, 2/21/2024 and 2/25/2025, with the recipient having the option on 5/17/2023 and 2/21/2024 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 15,000 and 60,000 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.
Documents
Issuer
IDT CORP
CIK 0001005731
Entity typeother
Related Parties
1- filerCIK 0001422969
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 5:13 PM ET
- Size
- 7.8 KB