Menachem Ash - Mar 2, 2023 Form 4 Insider Report for IDT CORP (IDT)

Role: EVP of Strategic&Legal Affairs
Signature: Joyce J. Mason, by Power of Attorney
Stock symbol: IDT
Transactions as of: Mar 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/6/2023, 02:38 PM
Previous filing: Dec 7, 2022
Next filing: May 18, 2023

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	+16K	+42.43%	$0.00	53.7K	Mar 2, 2023	Direct	F1, F2
holding	IDT	Class B Common Stock, par value $.01 per share						2.87K	Mar 2, 2023	By 401(k) Plan	F3

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	+3K	+42.86%	$0.00	10K	Mar 2, 2023	Class B Common Stock	3K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents a grant of 16,000 shares of restricted stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025.
F2	Consists of 28,962 fully vested shares of Restricted Stock, 8,744 shares of Class B common stock issued upon the vesting of deferred stock units ("DSUs") and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025.
F3	As of February 28, 2023.
F4	Represents a grant of 3,000 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 1,500 and 6,000 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.