IDT (IDT) director sells 500 Class B shares at $57.7800
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IDT CORP director Eric F. Cosentino reported an open-market sale of 500 shares of Class B Common Stock at $57.7800 per share. After this transaction, he directly holds 539 shares. According to the footnote, these holdings consist of fully vested shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 500 shares ($28,890)
Net Sell
1 txn
Insider
COSENTINO ERIC F.
Role
null
Sold
500 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock, $.01 par value per share | 500 | $57.78 | $29K |
Holdings After Transaction:
Class B Common Stock, $.01 par value per share — 539 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 500 shares
Sale price: $57.7800 per share
Shares held after transaction: 539 shares
+1 more
4 metrics
Shares sold
500 shares
Open-market sale of Class B Common Stock
Sale price
$57.7800 per share
Price for the 500 shares sold
Shares held after transaction
539 shares
Direct holdings following the sale
Security type
Class B Common Stock
Non-derivative equity security
Key Terms
Restricted Stock, open-market sale, Class B Common Stock
3 terms
Restricted Stock financial
"Consists of fully vested shares of Restricted Stock."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Class B Common Stock financial
"security_title: "Class B Common Stock, $.01 par value per share""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
What insider transaction did IDT (IDT) director Eric F. Cosentino report?
Eric F. Cosentino reported selling 500 shares of IDT Class B Common Stock in an open-market transaction. The shares were sold at a price of $57.7800 per share, as disclosed in the Form 4 filing.
What type of security was involved in Eric F. Cosentino’s IDT (IDT) transaction?
The transaction involved IDT Class B Common Stock with a par value of $.01 per share. These are fully vested restricted stock shares, as noted in the Form 4 footnote attached to the holding disclosure.