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Mason Joyce J – ‘4’ for 2/21/24 re: Idt Corp.

On:  Friday, 2/23/24, at 2:20pm ET   ·   For:  2/21/24   ·   As:  Officer   ·   Accession #:  950170-24-19267   ·   File #:  1-16371

Previous ‘4’:  ‘4’ on 12/13/23 for 12/11/23   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Mason Joyce J                     4          Officer     1:10K  Idt Corp.                         Donnelley … Solutions/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     10K 
                Securities by an Insider -- ownership.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  2/21/24
Issuer:
Issuer CIK:  1005731
Issuer Name:  IDT CORP
Issuer Trading Symbol:  IDT
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1228153
Owner Name:  MASON JOYCE J
Reporting Owner Address:
Owner Street 1:  C/O IDT CORPORATION
Owner Street 2:  520 BROAD STREET
Owner City:  NEWARK
Owner State:  NJ
Owner ZIP Code:  07102
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  EVP and Corporate Secretary
Aff 10b5 One?  No
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Class B Common Stock, par value $.01 per share
Transaction Date:
Value:  2/21/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  1,650
Footnote ID:  F1
Transaction Price Per Share:
Value:  35.625
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  39,244
Footnote ID:  F2
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Transaction:
Security Title:
Value:  Class B Common Stock, par value $.01 per share
Transaction Date:
Value:  2/21/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  748
Footnote ID:  F3
Transaction Price Per Share:
Value:  35.625
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  38,496
Footnote ID:  F4
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Non-Derivative Holding:
Security Title:
Value:  Class B Common Stock, $.01 par value per share
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  13,130
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Self for Husband
Non-Derivative Holding:
Security Title:
Value:  Class B Common Stock, $.01 par value per share
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  19,659
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By Self for Son
Non-Derivative Holding:
Security Title:
Value:  Class B Common Stock, $.01 par value per share
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  4,577
Footnote ID:  F5
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  By 401(k) Plan
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Deferred Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  2/21/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  1,200
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F6
Expiration Date:
Footnote ID:  F6
Underlying Security:
Underlying Security Title:
Value:  Class B Common Stock
Underlying Security Shares:
Value:  1,200
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2,400
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  Of the 2,400 deferred stock units ("DSUs") that were eligible to vest on February 21, 2024, the Reporting Person elected to vest 1,200 DSUs on February 21, 2024 and to roll 1,200 DSUs to the next vesting date of February 25, 2025. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 21, 2024 vesting date, each DSU that vested entitled the Reporting Person to receive 1.375 shares of Class B common stock.
Footnote - F2:  Consists of 10,566 shares of Class B common stock issued upon the vesting of DSUs, 7,075 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 20,207 shares held by the Reporting Person directly.
Footnote - F3:  Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
Footnote - F4:  Consists of 9,818 shares of Class B common stock issued upon the vesting of DSUs, 7,075 fully vested shares of Restricted Stock, 1,396 shares purchased through the Issuer's Employee Stock Purchase Program and 20,207 shares held by the Reporting Person directly.
Footnote - F5:  As of January 31, 2024.
Footnote - F6:  Represents 3,600 DSUs vesting two-thirds on 2/21/24 and one-third on 2/25/25, with the recipient having partially deferred vesting on 2/21/24 to 2/25/25. 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.
Owner Signature:
Signature Name:  Joyce J. Mason
Signature Date:  2/23/24


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