Marcelo Fischer - 18 Sep 2024 Form 4 Insider Report for IDT CORP (IDT)

Role
Chief Financial Officer
Signature
Joyce J. Mason, by Power of Attorney
Issuer symbol
IDT
Transactions as of
18 Sep 2024
Net transactions value
$0
Form type
4
Filing time
20 Sep 2024, 13:41:47 UTC
Previous filing
21 Dec 2023
Next filing
02 Oct 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, par value $.01 per share 38,596 18 Sep 2024 Direct F1
holding IDT Class B Common Stock, par value $.01 per share 3,120 18 Sep 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 +15,624 $0.000000 15,624 18 Sep 2024 Class B Common Stock 15,624 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 12,677 fully vested shares of Restricted Stock and 25,919 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs").
F2 As of August 30, 2024
F3 Represents a grant of 15,624 deferred stock units ("DSUs"). Each DSU is the right to receive between 1/2 of a share and 2 shares of the Issuer's Class B common stock. Vesting is in thirds on each of October 15, 2025, 2026 and 2027. The number of shares that will actually vest for each DSU depends on the market price for the Class B common stock as of the relevant vesting date. 1/2 of a share will be issued for each DSU if the market price on the vesting date is less than $19.20 (50% of the grant date value of a share of Class B common stock) and 2 shares will be issued for each DSU if the market price on the vesting date is $76.80 (200% of the grant date value) or greater, with a proportionate amount to vest based on thresholds of 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5% and 175% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 7,812 and 31,248 shares of Class B common stock.