IDT director receives 986-share Class B restricted stock grant
IDT Corporation director reports stock grant and updated holdings.
Rhea-AI Filing Summary
IDT Corporation director reports stock grant and updated holdings. A director of IDT CORP received 986 shares of Class B common stock on 01/05/2026 as a grant of restricted stock that vests in full immediately at a price of $50.735 per share. After this transaction, the director beneficially owns 122,425 Class B shares directly, which consists of 72,425 fully vested restricted shares and 50,000 other shares held directly. The director also has indirect ownership of 7,000 Class B shares through the Schorr Family Trust and 132 Class B shares through an IRA.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock, par value $.01 per share | 986 | $50.735 | $50K |
| holding | Class B Common Stock, par value $.01 per share | -- | -- | -- |
| holding | Class B Common Stock, par value $.01 per share | -- | -- | -- |
Footnotes (2)
- F1. Grant of Restricted Stock that vests in full immediately.
- F2. Consists of 72,425 fully vested shares of Restricted Stock and 50,000 shares held directly.
FAQ
What insider transaction did IDT (IDT) disclose in this filing?
A director of IDT CORP reported receiving 986 shares of Class B common stock on 01/05/2026 as a grant of restricted stock that vests immediately.
At what price was the IDT Class B stock grant recorded?
The 986-share restricted stock grant of IDT Class B common stock was recorded at a price of $50.735 per share.
What are the director’s indirect holdings of IDT (IDT) Class B stock?
The director indirectly owns 7,000 IDT Class B shares through the Schorr Family Trust and 132 IDT Class B shares through an IRA.
What type of security is involved in this IDT insider transaction?
The transaction involves Class B Common Stock of IDT CORP, with a par value of $0.01 per share.
What was the nature of the restricted stock grant reported by the IDT director?
The filing explains that the 986 shares are a grant of restricted stock that vests in full immediately, meaning the director’s rights to these shares are not subject to a vesting schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.