Joyce J. Mason - Aug 16, 2022 Form 4 Insider Report for IDT CORP (IDT)

Role
EVP and Corporate Secretary
Signature
Joyce J. Mason
Stock symbol
IDT
Transactions as of
Aug 16, 2022
Transactions value $
$0
Form type
4
Date filed
12/7/2022, 04:11 PM
Previous filing
Jan 7, 2022
Next filing
Apr 13, 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 Gift $0 +1.15K +3% $0.00 39.5K Aug 16, 2022 Direct F1
transaction IDT Class B Common Stock, par value $.01 per share Gift $0 +1.15K +10.95% $0.00 11.7K Aug 16, 2022 By Self for Husband
transaction IDT Class B Common Stock, par value $.01 per share Gift $0 +1.15K +6.75% $0.00 18.2K Aug 16, 2022 By Self for Son
holding IDT Class B Common Stock, par value $.01 per share 4.59K Aug 16, 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 +3.6K $0.00 3.6K Dec 5, 2022 Class B Common Stock 3.6K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 10,482 fully vested shares of Restricted Stock, 8,916 shares of stock issued upon the vesting of DSUs, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 18,732 shares held by the Reporting Person directly.
F2 As of November 30, 2022.
F3 Represents grant of 3,600 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 1,800 and 7,200 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.