Form 4: IDT Corp Executive Bill Pereira Reports Share Transactions

IDT Corp's COO and President, Bill Pereira, reported the acquisition of 4,787 Class B Common Stock shares and indirect ownership of 3,447 shares through a 401(k) plan.

Summary

• Bill Pereira, the COO and President of IDT Corp, reported a transaction involving the company's Class B Common Stock.
• On December 12, 2024, Mr. Pereira acquired 4,787 shares of Class B Common Stock.
• These shares were acquired directly and at a price of $0.
• Mr. Pereira also has indirect ownership of 3,447 shares of Class B Common Stock through a 401(k) plan.
• Following these transactions, Mr. Pereira directly owns 35,213 shares of Class B Common Stock.
• The direct holdings include 5,055 fully vested shares of Restricted Stock and 30,158 fully vested shares of Class B Common Stock issued upon the vesting of DSUs.

Sentiment

Score: 5

Explanation: The document is a routine filing of insider transactions, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a routine SEC Form 4 filing, which is standard practice when company insiders make transactions in their company's stock. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• SEC Form 4 filings are a standard requirement for publicly traded companies in the United States.
• The reporting of insider transactions is a common practice across all industries and is used to ensure transparency and prevent insider trading.
• The level of detail provided in this filing is consistent with what is expected from similar filings by other companies.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the holdings of a key executive.
• The transaction itself is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

IDT Corp, Class B Common Stock, Bill Pereira, SEC Form 4, Insider Trading, Share Acquisition, Executive Holdings, 401(k) Plan