4//SEC Filing
SILBERMAN MITCH 4
Accession 0000950170-24-133192
CIK 0001005731other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 3:05 PM ET
Size
8.2 KB
Accession
0000950170-24-133192
Insider Transaction Report
Form 4
IDT CORPIDT
SILBERMAN MITCH
CAO & Controller
Transactions
- Award
Class B Common Stock, par value $.01 per share
2024-12-02+1,172→ 1,172 total - Award
Deferred Stock Units
2024-12-02+2,344→ 2,344 totalExp: 2027-12-15→ Class B Common Stock (2,344 underlying)
Footnotes (3)
- [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.
Documents
Issuer
IDT CORP
CIK 0001005731
Entity typeother
Related Parties
1- filerCIK 0001365233
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 3:05 PM ET
- Size
- 8.2 KB