Bill Pereira - Dec 5, 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
COO & President, Director
Signature
Joyce J. Mason, by Power of Attorney
Stock symbol
IDT
Transactions as of
Dec 5, 2022
Transactions value $
$0
Form type
4
Date filed
12/7/2022, 04:13 PM
Previous filing
Oct 7, 2022
Next filing
Jan 16, 2024

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 46.5K Dec 5, 2022 Direct F1
holding IDT Class B Common Stock, par value $.01 per share 3.5K Dec 5, 2022 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 +30K $0.00 30K Dec 5, 2022 Class B Common Stock 30K 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 November 30, 222.
F3 Represents grant of 30,000 DSUs vesting ratably on 5/17/2023, 2/21/2024 and 2/25/2025, with the recipient having the option on 5/17/2023 and 2/21/2024 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 15,000 and 60,000 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.