Form 4: IDT Corp Executive VP Nadine Shea Reports Stock Disposal

Nadine Shea, EVP of Global Human Resources at IDT Corp, reports the disposal of 500 Class B Common Stock shares on July 2, 2024, at a price of $36.21.

Summary

• Nadine Shea, the EVP of Global Human Resources at IDT Corp, filed a Form 4 with the SEC.
• The form reports a transaction that occurred on July 2, 2024, where 500 shares of Class B Common Stock were disposed of at a price of $36.21 per share.
• Following the transaction, Shea directly owns 5,775 shares of Class B Common Stock.
• Shea also indirectly owns 2,546 shares of Class B Common Stock through a 401(k) plan as of June 28, 2024.
• The disposal of shares was due to the vesting of deferred stock units (DSUs).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing reporting a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership by a company executive.
• The vesting of deferred stock units impacts the executive's compensation.

Key Dates