Mitch Silberman - Dec 2, 2024 Form 4 Insider Report for IDT CORP (IDT)

Role: CAO & Controller
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: IDT
Transactions as of: Dec 2, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/4/2024, 03:05 PM
Previous filing: Mar 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IDT	Class B Common Stock, par value $.01 per share	Award	$0	+1.17K		$0.00	1.17K	Dec 2, 2024	Direct	F1, 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	+2.34K		$0.00	2.34K	Dec 2, 2024	Class B Common Stock	2.34K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of 1,172 restricted shares of Class B common stock ("Restricted Stock") that will vest, and vest in full, only if the Class B common stock closes at or above $72.50 per share for either the average of ten (10) trading days or the ten (10) consecutive trading days prior to October 15, 2027.
F2	Consists of 1,172 shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes at or above $72.50 per share for either the average of ten (10) trading days or the ten (10) consecutive trading days prior to October 15, 2027.
F3	Represents a grant of 2,344 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, October 15, 2026 and October 15, 2027. The number of shares that will actually be issued for each DSU on the vesting date depends on the market price for the Class B common stock as of the relevant determination date. 1/2 of a share will be issued for each DSU if the market price on the determination date is less than $18.125 and 2 shares will be issued for each DSU if the market price on the determination date is $72.50 or greater, with the proprotionate amount to be issued based on thresholds of 62.5%, 75%, 87.5%, 100%, 112.5%, 125%, 137.5%, 150%, 162.5%, 175% and 187.5% of the grant date value ($36.25). Upon vesting in full, the Reporting Person will be entitiled to receive between 1,172 and 4,688 shares of Class B common stock.