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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 1/12/24 |
| Issuer: |
| Issuer CIK: 1005731 |
| Issuer Name: IDT CORP |
| Issuer Trading Symbol: IDT |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1422969 |
| | Owner Name: PEREIRA BILL |
| Reporting Owner Address: |
| | Owner Street 1: 520 BROAD STREET |
| | Owner Street 2: |
| | Owner City: NEWARK |
| | Owner State: NJ |
| | Owner ZIP Code: 07102 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: COO & President |
| Aff 10b5 One? No |
| Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Class B Common Stock, $.01 par value per share |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 46,458 |
| Footnote ID: F1 |
| | 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: 3,492 |
| Footnote ID: F2 |
| | 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: F3 |
| | Transaction Date: |
| | | Value: 1/12/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 23,500 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Class B Common Stock |
| | | Underlying Security Shares: |
| Value: 23,500 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 23,500 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Consists of 16,300 fully vested shares of Restricted Stock and 30,158 shares of Class B Common Stock issued upon the vesting of deferred stock units ("DSUs"). |
| Footnote - F2: As of December 29, 2023. |
| Footnote - F3: Represents grant of 23,500 DSUs,15,667 of which vest on 2/21/24 and 7,833 of which vest on 2/25/25, with the recipient having the option on 2/21/24 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 11,750 and 47,000 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, by Power of Attorney |
| Signature Date: 1/16/24 |
