Form 4: IDT Corp Executive Joyce J. Mason Reports Stock Transactions

Joyce J. Mason, EVP and Corporate Secretary of IDT Corp, reports the vesting of deferred stock units and related stock transactions.

Summary

• On February 25, 2025, Joyce J. Mason, EVP and Corporate Secretary of IDT Corp, engaged in transactions involving Class B Common Stock.
• Mason acquired 4,500 shares of Class B Common Stock at $49.11 per share upon the vesting of deferred stock units (DSUs) under the IDT Corporation Equity Growth Program.
• The vesting of 2,400 DSUs resulted in the issuance of 1.875 shares of Class B common stock per DSU, based on the market price of IDT's Class B common stock prior to the vesting date.
• Mason also disposed of 1,759 shares for tax purposes related to the vesting of the DSUs at a price of $49.11.
• Following these transactions, Mason directly owns 39,854 shares of Class B Common Stock.
• Mason also indirectly owns 12,562 shares for her husband, 21,878 shares for her son, and 4,545 shares through a 401(k) plan.
• The reported transactions reflect changes in beneficial ownership of IDT Corp's Class B Common Stock.
• The reporting person also disposed of 2,400 Deferred Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The vesting of DSUs is part of the company's compensation plan for its executives.

Key Dates