Bill Pereira - 12 Jan 2024 Form 4 Insider Report for IDT CORP (IDT)

Role
COO & President, Director
Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
IDT
Transactions as of
12 Jan 2024
Net transactions value
$0
Form type
4
Filing time
16 Jan 2024, 09:08:55 UTC
Previous filing
07 Dec 2022
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding IDT Class B Common Stock, $.01 par value per share 46,458 12 Jan 2024 Direct F1
holding IDT Class B Common Stock, $.01 par value per share 3,492 12 Jan 2024 By 401(k) Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IDT Deferred Stock Units Award $0 +23,500 $0.000000 23,500 12 Jan 2024 Class B Common Stock 23,500 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 16,300 fully vested shares of Restricted Stock and 30,158 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs").
F2 As of December 29, 2023.
F3 Represents grant of 23,500 DSUs,15,667 of which vest on 2/21/24 and 7,833 of which vest on 2/25/25, with the recipient having the option on 2/21/24 to defer vesting to the next scheduled vesting. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. Upon vesting of all of the DSUs, between 11,750 and 47,000 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date.