IDT controller Mitch Silberman sells 2,327 shares
The vesting terms provided two Class B shares for each deferred stock unit, while 1,147 shares were withheld for taxes.
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Rhea-AI Filing Summary
IDT Corp CAO & Controller Mitch Silberman reported deferred stock units vesting and Class B share transactions. On October 15, 2026, 1,737 deferred stock units vested, resulting in 3,474 shares issued at 2.0 shares per unit. IDT withheld 1,147 shares for taxes, and Silberman sold 2,327 shares at $81.0296 per share that day. He also sold 805 shares at $82.1400 per share on October 13, 2026.
After the vesting transaction, he held 868 deferred stock units. The filing reports 68 Class B shares held indirectly through the 401(k) Plan as of September 30, 2026. No Rule 10b5-1 plan is reported.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units F5 | 1,737 | $0.00 | $0.00 |
| Exercise | Class B Common Stock, par value $.01 per share F1, F2 | 3,474 | $81.825 | $284K |
| Tax Withholding | Class B Common Stock, par value $.01 per share F3, F2 | 1,147 | $81.825 | $94K |
| Sale | Class B Common Stock, par value $.01 per share | 2,327 | $81.0296 | $189K |
| Sale | Class B Common Stock, par value $.01 per share | 805 | $82.14 | $66K |
| holding | Class B Common Stock, par value $.01 per share F4 | -- | -- | -- |
Footnotes (5)
- F1. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the October 15, 2026 vesting date, each of the 1,737 deferred stock units ("DSUs") that vested entitled the Reporting Person to receive 2.0 shares of Class B common stock.
- F2. Consists of shares of Class B common stock issued upon the vesting of DSUs.
- F3. Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
- F4. As of September 30, 2026.
- F5. Represents 1,737 DSUs that vested on 10/15/2026. The 3,474 shares of Class B common stock that were issued is equal to 2.0 shares per vested DSU and was based on a December 2, 2024 grant of 2,344 DSUs which entitled the Reporting Person the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock.
Key Figures
Key Terms
Deferred Stock Units financial
Equity Growth Program financial
vesting date financial
par value financial
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