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IDT CORP — Director's Dealing 2024
Dec 4, 2024
31854_dirs_2024-12-04_5a794cc7-b566-4136-9ba9-90abc105b472.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: IDT CORP (IDT)
CIK: 0001005731
Period of Report: 2024-12-02
Reporting Person: SILBERMAN MITCH (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-02 | Class B Common Stock, par value $.01 per share | A | 1172 | — | Acquired | 1172 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-12-02 | Deferred Stock Units | $ | A | 2344 | Acquired | 2027-12-15 | Class B Common Stock (2344) | Direct |
Footnotes
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.