Mitch Silberman - Mar 17, 2025 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
Mar 17, 2025
Transactions value $
$0
Form type
4
Date filed
3/19/2025, 10:40 AM
Previous filing
Feb 27, 2025
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 4.55K Mar 17, 2025 Direct F1
holding IDT Class B Common Stock, par value $.01 per share 68 Mar 17, 2025 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 +261 $0.00 261 Mar 17, 2025 Class B Common Stock 261 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 3,375 shares of Class B common stock issued upon the vesting of DSUs and 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.
F2 As of February 28, 2025.
F3 Represents a grant of 261 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%, 175% and 187.5% of the grant date value. Upon vesting in full, the Reporting Person will be entitled to receive between 131 and 522 shares of Class B common stock.